Investing General Discussion
- Thread starter Furious
- Start date
-
Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Gravel
Mr. Poopybutthole
- 39,430
- 129,731
That's why I said this as probably priced in. Expect next Thursday to be bad though.
Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
- 21,910
- 28,643
False rallies like this always happen. Negative positions get popular, and at some point you gotta blow them up.
Blazin
Creative Title
- 6,952
- 36,149
This is a chart of the S&P 500. The red trend line is the 200 week average that acted as support for the last decade. To reiterate Pops, we are now in a bear market by definition. We can have very sharp rallies but until we can clear and close above the trend line we are not out of the woods. In longer bear markets that red trend line will roll over and start to decline. While this recession is likely to be rather deep we may recover fast enough to get on top of a flattening 200 wk average prior to it fully rolling over.
There is a lot of institutional rebalancing going on right now and it could continue till the end of the month. Also as a concept to understand, after large declines like this you now have investors who held through the decline and as we recover a sizable chunk of that decline some will choose to get off the ride, you will also have people who went long and with sizable gains that they will want to book. That is why support levels turn into resistance once they are broken. It can take some time for these dynamics to work their way through the system.
- 1
- 1
Blazin
Creative Title
- 6,952
- 36,149
Nonsense. Technicals are not magical pixy dust but they matter because they matter to humans. Humans are consistent in how they emotionally respond with fear and greed. This behavior shows itself in patterns. Some are meaningless some are not. Simple concepts of understanding, are many stock holders currently green, are they red? and how does that effect their future decision making. The choices of past investors sheds light on the choices of future traders.
People who aren't smart enough to understand complex ideas sometimes find solace in dismissing them entirely.
- 7
Even if they were magic fairy dust terms they are how the professionals base their decisions and as a result are worth paying attention to.
- 4
Ravishing
Uninspiring Title
- 8,456
- 3,577
Since computers do most of the trading, I assume trendlines have more merit than not when world events are calm.
However I also think it's rather unpredictable and markets are for the most part, a result of current events, which trendlines simply don't predict. No trendline was going to tell you a pandemic would wipe out 30% of the market.
So today is another green day and RCL is up 20% again for the 3rd day in a row.
At this point I don't know if we'll hit new lows or not, I assume next week could see some big declines as people here are predicting, but I'm leaning toward "hold" on most of my positions now.
However I also think it's rather unpredictable and markets are for the most part, a result of current events, which trendlines simply don't predict. No trendline was going to tell you a pandemic would wipe out 30% of the market.
So today is another green day and RCL is up 20% again for the 3rd day in a row.
At this point I don't know if we'll hit new lows or not, I assume next week could see some big declines as people here are predicting, but I'm leaning toward "hold" on most of my positions now.
Blazin
Creative Title
- 6,952
- 36,149
thats what I mean by they matter because they matter to people. From some truly logical standpoint taking people out of it, who gives a shit about a 200wk avg. but because enough people believe it's relevant it becomes relevant. We now have 1000s of machines that have their entire programmed trading running off of technicals.
- 1
Attog
Blackwing Lair Raider
- 2,431
- 1,859
At this point I think the virus numbers are what matter, they are the big unknown now. US cases went up 20% in one day yesterday, does that level off or does that continue?
Blazin
Creative Title
- 6,952
- 36,149
Simpletons get confused because they want something to be a guarantee or it is no value. Technicals often get blown the fuck out, but clearly as shown below it mattered. I enjoy seeing the stumbling blocks for why people have trouble finding success. These things are guide posts, just another tool in the chest to try to make good decisions. And there are numerous tools to be employed to consistently perform. Many people learn about investing and trading and lock in on one particular tool and become so laser focused on that one thing they fail to look at all available information and keep an open mind.
- 2
Asshat wormie
2023 Asshat Award Winner
- 16,820
- 30,968
You cant compare the number of new cases to number of old cases without accounting for increase in testing.
- 1
- 6,957
- 9,838
TJT
Mr. Poopybutthole
- 42,731
- 109,046
Might as well. I dumped by 400 shares of PLAY at a similar amount. Nice profit for holding it less than two weeks. Actually that is the first stock I have ever sold in my life.