UPDATE December 16
if you went short, ignore the pain, forget the reality of what this means for the real world, and STRUT!!!!
Nice work! these are life changing moves. (everytime I double or more my "fun" account I cash out - I'm about to do my 5th draw this year, this pays me but also prevents me from wrecking my account![]()
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this is a short (hahaha puns) post to just leave a heads up to my moo community - we are going down, way down, a lot further to go and as far out as March. Why March? because that matches my timeline and is also the month where tax harvesting occurs, and boy are people/firms going to be selling losses to get the tax benefit!![]()
So what iam trying to say again is - Get out, get short, hunker down and prepare for bombs to drop. Today is the best day for a rebound, and any rebound should be sold and/or shorted! meaning if you are holding stock, then protect it (hedge) or sell it - because PRICE IS NOT COMING BACK anytime soon, every stock is different, and certain sectors like ENERGY will absolutely rocket, iam speaking generally (see how I WROTE that? i make lots of mistakes in posts but that was intentional)
I believe we are in for a 20% drop. That's about the equivalent of the total drop thus far, but this is going to happen in a matter of weeks.
and the chart below is just a reminder of what a count sequence looks like - Notice where that A is? and now you know why I say price is not coming back. Forget your 10 year time frame, this is a market trick, WHY EAT LOSSES FOR 10 YEARS!!!
here is something very important - You do NOT effect the market - whether you buy hold or sell makes no difference, the market is going to do what it's going to do. Do what is best for you! no one will congratulate you for holding losses, no entity is going to help you and there are no conciliation prizes. This is the ocean and your plankton or sardines at best, gathering in schools only to be swallowed up.
this is normally where I would say I'm going down the mountain and busy busy busy, but honestly, I got nothing to do but watch my port grow! and plot my next move
Stay Safe, Be Careful, Be Wise and as always Good Luck ![]()
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icezzz : Thanks bro iam
warrior-sailormoon : Iamiam u meant SLV will be in down trend ? Appreciate ur sharing
Thanks in advance
iamiamOP warrior-sailormoon: yes silver is in a downtrend, I thought it would break it Wednesday, it really tried and even made a new high. but its in a clear downtrend now. Gold is holding up better, I sold them both Wednesday.... and as a side note, the bullion dealers and coin shops around me are getting tons of inventory (people are selling *this is soo not good and especially some of the things they were selling is concerning) so I see a real world drop as well.
warrior-sailormoon iamiamOP: Thank you iamiam
Buffalo : Thanks Iam for the updates. I saw SPY and QQQ got hammer down in premarket trading, will this be the beginning of rolling downhill or it will rebound back up like you said for today?
Kopi is Life : Hi @iamiam, is there a particular energy etf that you are looking at?
iamiamOP Kopi is Life: nothing yet, iam in DRIP, but when this bottoms OIH oil producers XOP oil explorers & XME energy/miners/steel are my favorites. I also use PXE a lot because of its price
iamiamOP Buffalo: I haven't gotten out of bed yet to really look, but yes I believe so... I will know better when I shake my laziness off