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Time for a Breather 2/2/23

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47 minutes ago, fxfox said:

Real Estate related stocks in Germany bomb higher.

I'm coming to Germany this summer. Maybe I'll buy something I can run as an Airbnb. 

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3 minutes ago, fxfox said:

Throughout 2009 there was huge huge disbeleive...

I can't believe I'm having the best trading day I've ever had. I don't know what to do under these circumstances. I'm usually hedged, and my hedges cancel each other out. 😄

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13 minutes ago, SiP said:

Initial jobless claims. men, this is amazing.


A percentage number would be better. Something like: "How much percent of total available workforce has made a jobless claim?". Nominal numbers without any relation are quite useless.

Lately there is more and more talk that some leave the workforce just so. Don't wanna work or whatever. Marxists say "that's because people finally got depressed by hard core capitalists who torture them at work, so they left depressed and desperate and became drug and alcohol addicts!""

I think they leave the workforce because they have enough. MONEY. That's why.

There are SHITLOADS of money out there waiting on the sidelines. 

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In my humble opinion, this is just another bear market rally, it too shall pass.

4,230 to fill the gap on the SPX looks like a good topping target for this bounce.  (But who really knows? - Now only 50 pts away.)

Everyone has their own trading style and time frames so what works for one person does not work for another.  I wish everyone well however they are trading or investing.  (Doc has been crushing it, well done!!!)

For me and my trading style the risk/reward looks better positioning for a down move at these levels.  (Maybe I am totally wrong, and this is a new bull market... lots of reasons not to believe it is but anything is possible)

I am not totally bearish; I do have a long position in Nat Gas in my trading account.

Good luck to all,



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1 hour ago, WTF said:

In my humble opinion, this is just another bear market rally, it too shall pass.

I prefer not to focus on semantics. All rallies pass. All declines pass. I try to find setups that will work. I fail often, but when it's good, it's very good. 

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The technical evidence that this is no longer a bear market has been building for many weeks. But if it's a bull market, my theory is that it could be violent but short lived. So I've positioned long and will buy the pullbacks even if only on the hourly charts. 

My time frame is a couple of days, to a couple of weeks if I catch it right.  

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