Good cover given the PA at the time. Note: The market just loved the 2929 level this afternoon.....was hit 4 times....and bounced.
Fb up $25 ah,Msft skied, Tsla who barely made any money up $40. Massive mania in tech stocks continues . 22% of the total stock mkt cap in 5 stocks . wow
The doom only lasted 10 minutes haha. Does this feel like a blowoff top in the making to anyone? Rallies are getting fiercer and the few pullbacks we have are lasting very short amounts of time.
Does not feel like a blowoff...Feels like a 5th wave up from 4/21 low, targeting 3177 (1st & 3rd legs both 460 points)
Lol Hell why not just target 3400? 3177 is a 50% move in 6 weeks . 10 yrs of gains in 6 weeks . The mkt makes all do what it wants . It makes one believe. The tech stocks are making all believe they can run to infinity .
Don't you get it? THIS TIME IT'S DIFFERENT! The four most dangerous words in trading are: “This time it’s different.” —Sir John Templeton