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The Market's Moment of Truth Has Arrived 2/3/23


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9 minutes ago, The CoinGuy said:

I thought we'd have a clean resolution by Friday...although, you know how these things go.  I think I'd personally feel better if I saw another burst to the upside.  In the new "Twin Peaks" Revisited chart I circled 42.50 for a reason.  I'd like to see 4250 tested since we're already up here.   I'm holding off any judgement until I sense weakness.  Thus far...since it broke the high on the 23rd...not much of that, eh?  Smile.  the only thing bothering me here is the metals/oil complex.  Well...they're not going in the same direction anymore are they?  I'm watching that relationship closely.  There was a head fake or two back in 2008...

I will note the SLV in 2011...topped at 47.50 AND...the drop below 32.50 was the death knell.

Best,

TCG

I agree with the 4,250, let's just get it done with... the gap fill is just too much of a shiny object for the bulls not to make a run at regardless of the bombs going off all around them.

Perfect place for me to get my final block of shorts.

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8 minutes ago, Jimbo said:

SO ALL THE GARBAGE WENT UP

A real garbage rally

Anyway........

What is there to say

Gas starting to look cheap....interesting

Nothing goes down forever.......

Theres always a pivot lurking in the divot.......

Well obviously, Nat Gas is a luxury item that people can either take or leave, who needs heat?

Watching AAPL makes me realize a $1,000 cell phone is where my priorities should be placed.

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29 minutes ago, DrStool said:

I've had a crazy week with contractors coming and going. But it's almost done, thank gawd. 

I feel for ya Doc...I'm just starting down this road myself.  Trying to get everything in shape to go up for sale - soon.  

Will leave one property here(essentially for storage!), but plan on moving everything else to the coast...and as discussed.  The water...

TCG

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The Russell 2000 has been strong as hell...that's what I'm watching.  Every tick...

The DJI led coming out of our October 13th hole.  Now...the broader market is outpacing.  ^RUT, ^GSPC, ^IXIC, and then the ^DJI. 

1650 to 1900, 1750 to 2000.  A 1:1 a-b-c thus far.  Just waiting on a sign of strength/weakness.

TCG

 

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1 minute ago, The CoinGuy said:

The Russell 2000 has been strong as hell...that's what I'm watching.  Every tick...

The DJI led coming out of our October 13th hole.  Now...the broader market is outpacing.  ^RUT, ^GSPC, ^IXIC, and then the ^DJI. 

TCG

 

This has been all about rotation from the conservative to the most speculative... What, you should worry?

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