I’ve actually been considering shorting Crowdstrike and a few of the other bad players, but with the amount of time it’s taken to get us where we are today I’m glad I held off. Time has it’s own value in investing and I couldn’t handle that much of a delay.
If the market holds at this level and resumes its upward trajectory, then I see it as the second shoulder of a reverse H&S bottom, with the first shoulder occurring Feb 28th.
I should add that I am bullish at the present time BUT NOT BASED ON CHART PATTERN. It’s just a notable curiosity that will either pan out, or not, in my opinion.
The actual reasons I am bullish are the following, if anyone is interested:
1) Trump — I think he will be reelected.
2) Fed is creating another asset bubble in stocks.
3) Longer term: A new wave of technological innovation is unfolding, in areas such as genetic medicine, cloud economy, electric vehicles (yeah, I really said that. NOTHING to do with global warming hoax. Superior technology vs. internal combustion.)