$QQQ The market has spoken. "As goes the first week... so goes the rest of the year" is a rule of thumb on Wall Street. So how did the first week go? Began with a bounce and ended with a plunge on the heels of the Fed minutes release. This is a very precarious, high risk moment we are facing if you are long equities. As the chart below indicates, we might have just witnessed "The Classic Last Chance to Sell before the Crash" Could see lower lows continue as "all boats sink with the tide" $SPY $IWM $AMRN
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@LongBacon @Flyfishingstocks The SA article from 2016 proved to be bullshit too, as the market rallied all year after a bad first couple of weeks in January (look at the $SPY chart, same for $QQQ). I'm constantly amazed by the absolute BS people grab onto whenever the market dips. And it always ends up being that - a dip. Not a world-ending event. Even crashes are just big dips. "The market has spoken. "As goes the first week... so goes the rest of the year" is a rule of thumb on Wall Street." No it's not. You clowns will never make any money listening to and spreading this nonsense. I swear every time I pull up the $SPY and $QQQ boards to see if maybe anything interesting is being shared or discussed, it's nothing but brainless bears spreading horseshit.
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@Forklift5909 @LongBacon Hose shit huh? haha. Have you researched the correlations between years with record highs and subsequent selloffs in the following year ala 2007-2008? Oh and by the way, the pattern match couldn't be any closer. Have you thought about the congested exits when everyone discovers the music to this unprecedented 13 year bull market bubble has popped? Yeah... certainly a lot of "horse shit" there my friend... especially when you realize you're buried in it.