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I'd be happy if it would even just give a quick move up, gap...

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JethroJ

3,606 Posts.

123

07/02/22

20:32

Post #: 59415803
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Originally posted by Ewebute: ↑

I think we are coming to the end of this recovery bounce. I have provided reasons why it is unlikely to get back to the 7200 levels before, and I think these are playing out. Maybe one massive push with a range of buying across stocks early in the morning then the instos start dumping in the afternoon... well that is what my game plan might be.. Maybe time it with some piece of bad news to have a reason for dumping, then continue it into the Europe and US markets after...

What that trigger event might be, hard to say but anything can be argued as the cause afterwards.

They hold large percentages of the media stocks which are also controlled by wealthy individuals (who might have also reduced their holdings or have a quantity of cash on hand). Isn't it likely they would rub shoulders with each other.

This doesn't seem to be a massive recovery bounce. If there is one, then I would say it is a trap... maybe push it to 7200 quickly then dump is another alternative.. (the break point of the prior resistance).

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I'd be happy if it would even just give a quick move up, gap close down a touch on $BBOZ and pick some up with a bit more certainty than buying now and being like "well will X rip overnight" gap up and blow the trade up.

XJO Value at posting: 7,110.8
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