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When Bottoms Fail, Markets Crash 5/12/21

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Watching Twitter, all the guys who have been wrong about the market for the past dozen years are out gloating. 

Lotta cash coming in the next week. They gonna get they faces ripped off. 

But they will be right, soon enough. 

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Yields are going way, way up. 

SInce the 10 year has gone from 0.5 to 1.7, the TLT has lost 22%. 

3 minutes ago, potatohead said:

gotta say those red channels looks like a "fork in the road" pattern.

Yep. See today's headline. 

If they can't hold here or 4055, we get our crash. 

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7 minutes ago, DrStool said:

Yep. See today's headline. 

If they can't hold here or 4055, we get our crash. 

Traders/Investors hanging on till the Fed comes to the rescue....

PsBattle: a man holding a woman over a cliff by her hair : photoshopbattles

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Seems I'll need to write an interim update on Technical Trader. The script has been eviscerated. Apparently. 

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3 hours ago, DrStool said:

How many 0.25% increases are you assuming? 

just one to give her an example ...with comment about the likely number and size of increases to continue for a whole cycle

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9 minutes ago, No Einstein said:

just one to give her an example ...with comment about the likely number and size of increases to continue for a whole cycle

I think she should diversify. Half in GME, and the other half in Dogecoin.

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