I probably did miss it....so let me ask when thisntariff ordeal is all done and markets skyrofket off the news is this correction he is call for totally off the table? Is he relating this correction to no negotiations on tariffs?
News and current events have no effect on price action. This entire market crash was projected over a year ago if you knew what to look for....it's just cycles. It's like when I predicted the Home Depot earnings miss simply by looking at the chart and seeing statistically where the cycle was headed. It looked like a miss would correlate with the correction.
There is no way you could believe this, after watching markets for as long as you have. Also, how can it facilitate, but not affect price?
You're just looking at a backwards. I firmly believe that the market is determined by cycles and not by events. Events are merely along for the ride. For instance, if I'm expecting a correction then I'm also expecting negative news or at least I wouldn't be surprised by it... It's really inconsequential so I pay very little attention if any to news. Example my recent pnl on MSTU calls because the chart was telling me we're due for a retrace. I didn't look at Twitter or data or news... I'm sure something came out to try to explain the rebound...whatever it was is too late to make any money on.
Ok, of course I have to disagree (about viewing it backwards) but thats fine, so what determines the cycles?
This is the worse take ever. My goodness, what an idiot. You have to be a fool to get against stock. No one has a single good reason why this should ever go down. Most unstoppable market and you are an idiot if you think this will actually test the low.
Yeah pull out the card from 2008 when it’s a totally different market. How can anyone possibly ever think this market has any chance of going down. What more evidence do you need to see? Why would it ever go down? You can’t even make an argument in reality lol. This has no chance of coming close to the lows. LMFAO
I'll post it later cuz it's on record. I said SPY was going to top at 600 - 640 when all you guys were saying this market is overbought. I knew over a year ago that the market was going to correct to these levels... I think I even got the timeline right. So as you can see the news is irrelevant. Here: