Quote:
Originally Posted by sammyg2
I noticed an pattern and asked for opinions because i thought it was interesting.
You (mis)read it and saw an opportunity to be a great big douche.
Which you of course pounced on.
Did i say I was trying to use this as investment strategy? no, of course not. Anyone who isn't suffering from dementia could see that.
Did I EVER suggest that I day trade to try to time the market? no, of course not.
That only happened in your old-timer's fantasy.
You really need to get a grip before the home takes away your internet privileges.
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You asked a stupid question so you got a stupid answer. So put your dunce cap on.
I expected better from you.
The time frame means nothing. Closing highs and lows are far more important. The sp500 closed at 2872 on 1/29/18. Recently it reached 2858 or so as a close and has fallen off hitting 2802 this morning which was a level of support. It has bounced off that level which is good.
But the sp500 has to close above 2872 reaching a new high for this rally to continue. Or equities will retreat. Since equity time and Tabs time run differently, I can not say when equities could retest the old high again (it could be years). Then the question becomes how far down will the retreat be?
I would have to look at the chart again to see levels of support. It is like going down a staircase.
I started watching equities assiduously in1990, and have learned a thing or 2 from Mother in Tucson along the way. One of mothers friends to remind you is a former FED chairman.So mother knows a thing or two about what is what. The RNC doesn't call you and ask for advice if you are a dummy.