I haven't had a job since August 2019. I sit & watch levels and let the market come to me. I love sharing what I see. Find Opportunity with me π
@michaeljburry It is well understood that we only comprehend about 15% of reality and we fill in all the gaps with our biases and assumptions based on experience and expectations. Its not inconceivable or signs of mental illness to think about thinking
@BillAckman@Harvard@realDonaldTrump I personally dont have a problem. But as my oldest brother taught me, be careful with how your life and professional life overlap. LaWhore is fine. The Professor half of him is also fine. But you will run into headwinds when it overlaps. Thats is the free market of criticism.
@TicTocTick He said in the article it may be months before it returns. And also that it has an upside of 40-50% (~+300) in the mean time but the days of 500-600 may be dead
5600 is the big support resistance level above it 5630 is what matters 5620 is starting to become irrelevant. As we dip above and below it, it looks flimsy. As an important level below 5600, you are prone 2 a 40 to 50 point drop. It's just the nature of the market.
Nothing is certain. 50pt pull back on SP500 always possible. But understand this.
People are 100% buying the 10% correction.
Is it because it is bottom?
Maybe.
But it is also 100% stupid to not buy some of the correction at the very least.
SPX QQQ NDX SPY ETF
Retail v Funds always side with the algos and managers.
What is the best way to beat retail?
Btd, scare them, make them sell low and buy higher, then sell again and buy after the dip is bought.
Then
Flush them for months in 2025