This is post of the year material by John. People saying "so this is what it was like to trade dot-com era." this type of stuff after the top and before the bottom. Wow!
Of the 7 largest “single day” % terms rallies of QQQ, 6 of them (including the largest) occurred after the QQQ dot com top of March 24, 2000 & prior to its bottom in October of 2002.
@dpshow@HiMyNameIsSeton Reggie, Charles, Ross Tucker, Will Ferrell. These guys made DP Show culture. Coining phrases, Stat of the Day songs. Sorry Mike Florio. Chris Simms?! No way.
If you dislike the Ferrari Luce the “virtue signaling” crowd replies on X: “it’s because you can’t afford it”. That’s ZERO critical thinking. Yet oddly these same folks criticize hotels, places they went on vacation, various cities etc. 🤔
That’s how low critical thinking has gone on social media.
Cars, music, food, movies etc. are personal taste. It has ZERO to do what what you can & cannot buy.
IMO the Luce looks like a Nissan Leaf. It’s ugly. And IMO this is what makes a Ferrari a Ferrari. 💯
@yonann maybe compare something more equal? I just bought a macbook for $900. Not $1800. what windows based laptop do you mean for $350. Your exaggerations ruin your point.
As $ASTS approaches $130 today, shoutout to @Reformed_Trader who's been posting quality $ASTS charts since it was in the $2 range. Thanks for the great insights RT!
$ASTS two different paths that could play out, but ultimately I see the same destination for a runup into the Q2 launch. If today's low holds at the 61.8% fib retracement and we can start wave 3, then we should be heading for the gap fill over coming days/weeks. If the low fails we could be in for the very bottom of the channel in the 2.40-2.50 area, imo.
If IWM can head back to recent highs then I anticipate ASTS to follow the first path and the retracement to be completed.
@Mr_Derivatives what if warren just cracked and jumped in just now with $MU ?! like that story about Druck feeling the pressure in dot com and jumping in late?
The current AI driven market environment looks a lot like a classic crypto cycle.
First, capital floods into the largest tech & AI leaders, the stock market's version of Bitcoin and Ethereum:
$NVDA
$GOOGL
$PLTR
Then money rotates into the next layer of the ecosystem:
$MU
$AMD
$SNDK
$NBIS
$IREN
Now speculation is moving even further down the risk curve into high beta themes:
• Quantum
• Small cap AI
• Space Tech
• Robotics
We’re in AI “alt season” right now.
Capital is chasing the next explosive move at the exact same time crypto sits dormant in the depths of another winter.
That’s not a coincidence.
It’s the same speculative risk appetite rotating into a new theme/narrative.