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To: CharleysPride
Yeah - I am really at a cross-roads right now. We bounced off the major supports this morning: Dow weekly 200 and monthly 50; NAS monthly 20 and sitting at the weekly 50. WE are very close to the SPY weekly200 and monthly 50.

This week is make or break week. We will see what 1) The FED does and 2) how the algos respond. I love how all these FReepers think they control the market and will move it by jumping back in. They are guppies for the ALGO-Oscars. If the algos think it is still time to short - they may let all of these retail traders back in for a little bit - then they will short them into oblivion.

This week is the Maginot line.

89 posted on 03/09/2020 8:25:02 AM PDT by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog s<how. Theater for sheep. My politics determines my "hero")
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To: NELSON111

FTW
former Goldman Sachs guy:

Will Meade
@realwillmeade
·

This is not 2008
This is not the 2000 Dot Com Crash
This is not 1987
Why? Because interest rates and treasury bond yields are at record lows yielding virtually nothing, which means at some point the risk reward in stocks will be too enticing especially dividend stocks.


90 posted on 03/09/2020 8:27:32 AM PDT by RummyChick
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To: NELSON111

Excellent analysis.

I think sometime last fall, passive investment overtook active for the first time.
When that starts to unravel, I can’t begin to guess the impact.


111 posted on 03/09/2020 10:57:01 AM PDT by CharleysPride (Peace, Freedom and Prosperity. Thank you, President Trump.)
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