Parabolic move is what we are witnessing..8-2020

Discussion in 'Trading' started by Rickshaw Man, Aug 26, 2020.

  1. Millionaire

    Millionaire

    Anyone have the balls to short the NDX around 12000?
     
    #11     Aug 26, 2020
  2. S2007S

    S2007S


    So basically there is absolutely no such thing as risk. Risk has been completely turned off. Every overbought phase is just another moment to implement another bullish pattern higher and higher. This absolutely unbelievable.
     
    #12     Aug 26, 2020
    damon_achey and Clubber Lang like this.
  3. S2007S

    S2007S


    No wayyy. Cause 15000 will be here by Xmas. Damn maybe by election day once who ever wins. Actually doesn't matter who wins. Markets are going to skyrocket up up up after elections are over.
     
    #13     Aug 26, 2020
  4. Millionaire

    Millionaire


    Yeah NDX now moves up 10% every month instead of 10% every year.

    If it keeps doing that it will reach 100K in about 24 months.
     
    Last edited: Aug 26, 2020
    #14     Aug 26, 2020
  5. jys78

    jys78

    Curb it?! This is what they want! It's working!
     
    #15     Aug 26, 2020
    murray t turtle and damon_achey like this.
  6. jys78

    jys78

    Yup. Priced in!
     
    #16     Aug 26, 2020
  7. Every day is an up day in the land of perfect.
     
    #17     Aug 26, 2020
    jys78 and S2007S like this.
  8. S2007S

    S2007S


    I like your numbers even better. Once the nasdaq gets to say 25,000 and 30 000 it will be tacking on thousands and thousands of points a month. And your right 100,000 can easily happen in 24 months. Just think how many trillion companies we will have. Cross will be worth hundreds and hundreds of billions.
     
    #18     Aug 26, 2020
    jys78 likes this.
  9. Our free markets are gone...everything market related is run by the FOMC. We will get down days maybe down months. But they won't let it fall far. Stock indexes had been going up for 10 years. We get a quick 30% drop and superman Powell rushes in. That tiny drop was nothing when you step back and look at a monthly chart.

    From now on they will never let the markets fall that far. Its all rigged to the up.
     
    #19     Aug 26, 2020
  10. S2007S

    S2007S

    My retire account is literally printing me money every day. Its amazing.

    Why are we even working. Everyone can borrow tens of thousands of bucks from equity lines, credit cards...just borrow as much as you can and use all your money and just but the tech sector and you will gain literally hundreds and hundreds of percent returns. No need for anyone to work when they can just sit home all day and see their money grow by literally leaps and bounds.
     
    #20     Aug 26, 2020
    Nobert likes this.