I’ve been in a dark place for far too long and spreading gossip and speculation of crashes in the economy, market bubbles, and Bear FUD.
I participated in speculation and gossip over the past 9 months in financial/gaming/gambling social communities, in particular with GME, AMC, and DogeCoin.
It was my contention that the events of Jan 6 were linked with them directly. I would mainly gossip, and for that, I would like to set the record straight, Any writing about VIAC, GME, AMC, and Crypto is pure speculation (gossip) and I plan to only talk about the facts that move markets from now on.
I also gossiped in regards to the accelerated growth\decline of some hedge funds like Archegos and funds like Arkk who dwarfed the gains of their peers during the last 1.5 years.
I was not being Impeccable with my word. Financial celebrities like Cathy Woods and Bill Hwang should be considered such.
When I was at my best I was following the word of market masters like Cem Karsan.
This chart I started today has been updated with some more ideas from the past like the buy the dip trend.
Going forward I plan to learn how to chart like this one using my own ideas/observations. So expect some BS as I learn from my mistakes.
Ideas I follow include:
1.5+ Y regression trend since Max-Q..E and rates dropping.
3M regression trend capturing primary market-moving events each month.
3W regression trend following the final week+ expected price target (green $$$ line).
March 20 Fibinaci Time Zone, 21, approx anniversary of GME when I decided to learn how markets move.
Strictly 2 price target scenarios (bull/bear), and 2 time frames, after the 3rd week of each month and 21 Fib.
And most importantly lighter side commentary/memes on fintwit reactions to events in the world economy.
Rest of Month
1. A decline into OPEX, by the dip again and decide later because we know the US cannot not make a decision and return on-trend to 5k SPX by the EOY. Bulls Win 3.08% 2. A decline into OPEX that attempts to trap bulls in another BTD sike out (Evergande). This leads to more decline below 21D EMA. Bears Win -4.15% 3. What actually will happen.
Rest of Year
1. Full Steam (QE) ahead into Christmas with a 500 price target. 2. Further decline into a bear correction of 5-10%. Fate without a sense irony price target at 420.69. 3. What actually will happen.
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