Daily Price Movement / General Discussion, page-9268

I'm going to reply to you in a civil manner as it's time to put an end to the stone throwing and your opposing views challenge me to reconsider my position which is what debate is all about.


My VIEW is we are not in a raging bull market as you infer but in the final throws before a bear market or failing that a significant correction in which loss making stocks will be severely punished especially those supported by speculative investors who are over leveraged in the hope of multi bag profits like TSLA

As you know I am long Nasdaq as I think it has another 2 or 3% to run as the FAANGS make up a disproportionate amount of the Index but short speculative stocks like Peloton and long solid businesses like MSFT (Bollinger bands are forming a pincer contraction indicating sharp move soon hopefully to upside but I have tight stops)

i look at not just the headline numbers that print each day but the market internals and here is the latest print of advance/decline issues on the Nasdaq as you can see lower highs and lower lows throughout the latest run up signalling a topping formation