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Blazin

Blazin

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Today is a good bull signal that bears could not build on a steep gap down in futures. The chance that we move higher has improved. Still expect a lot of volatility this week.
 
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Tmac

Tmac

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Blazin said:
Today is a good bull signal that bears could not build on a steep gap down in futures. The chance that we move higher has improved. Still expect a lot of volatility this week.
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Are you saying this bc of a technical you're looking at? Or are you saying that you expected the market to drop steeply w war and the potential for it to get worse, but it didn't so it's a good sign? Or is this one of those Blazin 100x input gut feelings?
 
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Fogel

Fogel

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Tmac said:
Are you saying this bc of a technical you're looking at? Or are you saying that you expected the market to drop steeply w war and the potential for it to get worse, but it didn't so it's a good sign? Or is this one of those Blazin 100x input gut feelings?
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Yes
 
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Blazin

Blazin

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Tmac said:
Are you saying this bc of a technical you're looking at? Or are you saying that you expected the market to drop steeply w war and the potential for it to get worse, but it didn't so it's a good sign? Or is this one of those Blazin 100x input gut feelings?
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I’m stating an opinion on something has occurred . We had futures down almost 3% to markets going green. That is a sign of strength and waning selling that has dominated the market for weeks . This shifts probabilities to the upside. A shifting probability is not a guarantee or a prediction . Just looking at the things in hand to align expectations of probable outcomes.
 
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Zog

Zog

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No sanctions on Russian gas is clearly not the bottom.

Im biased though and down 3.2% atm.

1646067535467.png


That just doesnt look right to me, the economic inevitability of all this doesn't point to all time highs...
 
Fogel

Fogel

Mr. Poopybutthole
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Zog said:
No sanctions on Russian gas is clearly not the bottom.

Im biased though and down 3.2% atm.

View attachment 400857

That just doesnt look right to me, the economic inevitability of all this doesn't point to all time highs...
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Doesn't have to be all time highs, we need to get back to a nice long and slow consolidation upwards instead of all the chop and freakish moves up and down the last two years have brought.
 
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B_Mizzle

B_Mizzle

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So oil a good play for this year. Seems like most oil stuff is still like 30-40% off of their all time highs?
 
Jysin

Jysin

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Overall, we have had 2 huge days up Thu/Fri last week. We can consolidate here or even back test the SPY 428/425 levels and still be fairly strong. I honestly don't think we are in any kind of bear danger unless we crack and break back below 420-425'is range. We can consolidate and chop around for days here before we build strength again for another move higher.

The caveat is that we are currently a tad headline reactive. If Putin starts ramping up the crazy rhetoric, we may have to re-evaluate.
 
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Sanrith Descartes

Sanrith Descartes

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Jysin said:
Overall, we have had 2 huge days up Thu/Fri last week. We can consolidate here or even back test the SPY 428/425 levels and still be fairly strong. I honestly don't think we are in any kind of bear danger unless we crack and break back below 420-425'is range. We can consolidate and chop around for days here before we build strength again for another move higher.

The caveat is that we are currently a tad headline reactive. If Putin starts ramping up the crazy rhetoric, we may have to re-evaluate.
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A tad?
 
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Sanrith Descartes

Sanrith Descartes

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Gee its almost as if all those folks buying LCID today had advanced copies of the earnings. But that would be illegal.

 
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Sanrith Descartes

Sanrith Descartes

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Its like, no one in the WH has the IQ above a frog. They do everything possible to hamper US oil production upon taking office, complain about high gas prices and blame the oil companies and then want to ban 7% of US oil imports. This shit is worse than a NFLX movie script. Congratz everyone long oil.

 
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