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Re: Financial topics
Posted: Tue Jun 14, 2022 3:14 pm
by Higgenbotham
richard5za wrote: Tue Jun 14, 2022 8:25 am
Higgie, do you think that the closing price of S&P 500 on 13 June was a third low since the high of 3 January, or simply confirmation of the second low?
Also it is now over 5 months since the top versus around 2 months normally to the crash. Is this a crash in slow motion due to massive Fed interference? I have come to see this as most likely a grinding bear for a couple of years without a waterfall
I think you would have to define what it means to terminate a wave down and enter into a new down phase. I'm looking at crash patterns using April 1 as the theoretical high. That's why I said on May 27 that the trap door was open for a crash. So by my work a new down phase (possible crash phase) was entered after May 27. By using April 1, I am assuming that the massive money printing that happened in 2020 and 2021 distorted the cycles.
Re: Financial topics
Posted: Tue Jun 14, 2022 3:26 pm
by aeden
Some technicians point out the 150 week and older macd and rsi clues. Compelling as we do not fight the tape either.
The cratering effect is real from drivers, farmers to fishermen.
The next run to the border will seal the deal as lib polo tics get bricks to head now and recalled also
while the taxable base is wiped out in crime and inputs costs.
True believers.
https://twitter.com/RNCResearch/status/ ... een-energy
Re: Financial topics
Posted: Tue Jun 14, 2022 4:09 pm
by Tom Mazanec
Greyerz – Is The World Entering A Singularity Event That Will Change Our Civilization To The Extent That It Will Become Unrecognizable?
https://kingworldnews.com/greyerz-is-th ... ognizable/
The word he is groping for is 'yes' and he does
not mean the AI Singularity.
Re: Financial topics
Posted: Tue Jun 14, 2022 4:10 pm
by Tom Mazanec
Dow down half a percent (-151.91 points)
Re: Financial topics
Posted: Tue Jun 14, 2022 4:21 pm
by Higgenbotham
This is the 11th trading day since the May 27 close and there were recently 3 gap down days. The bears will press their luck but I am not short. That's not to say the market won't fall further. I have no idea. But the easy part of the down move by my reckoning is over.
Re: Financial topics
Posted: Wed Jun 15, 2022 7:39 am
by aeden
We also learn from custom, morality and law about effects expected from different kinds of action.
For example, the values or prices formed by interaction in markets prove to be further superimposed means of classifying kinds of actions according to the significance they have for an order of which the individual is merely one element in a whole which he never made.
https://mises.at/static/literatur/Buch/ ... onceit.pdf
As we have seen those countless issues of well over 6000 products from a barrel matter with man hours introduced
focused ignorance since 1973. You had been noted the carrot was put in place you still ignore and the wasting.
As Hayek warned us learning how to behave is more the source than the result of insight, reason, and understanding.
Man is not born wise, rational and good, but has to be taught to become so. It is not our intellect that created our morals; rather, human
interactions governed by our morals make possible the growth of reason and those capabilities associated with it. Man became intelligent
because there was tradition - that which lies between instinct and reason - for him to learn.
Deranged:
https://twitter.com/libsoftiktok/status ... th-threats
review:
viewtopic.php?f=14&t=2&p=39306&hilit=undeserving#p39306
Higgenbotham wrote:
Any trader who does not realize they are gambling does not have a clear picture of what they are doing.
Re: Financial topics
Posted: Wed Jun 15, 2022 8:56 am
by richard5za
Some BTC news:
According to Glassnode the average purchase price of all Bitcoin in circulation is $23,430. The average Bitcoin holder is currently approx. $2,000 underwater and the pressure to unload is increasing.
MicroStrategy, the company that has bought almost 130,000 Bitcoins over the past two years, currently has a paper loss of roughly $1 billion. Their average purchase price is $30,700.
Re: Financial topics
Posted: Wed Jun 15, 2022 11:26 am
by vincecate
Coming monday is the holiday, Junteenth.
Then two weeks after that is the holiday 4th of July.
So 3 day weekend, regular weekend, then 3 day weekend.
After long weekends always seems like a good time for a crash...
Re: Financial topics
Posted: Wed Jun 15, 2022 12:26 pm
by Cool Breeze
Singularity event ... so buy gold? They didn't even say what the event was. And it isn't a singularity event, it's just a collapse, king world claims at least
Re: Financial topics
Posted: Wed Jun 15, 2022 12:26 pm
by Cool Breeze
richard5za wrote: Wed Jun 15, 2022 8:56 am
Some BTC news:
According to Glassnode the average purchase price of all Bitcoin in circulation is $23,430. The average Bitcoin holder is currently approx. $2,000 underwater and the pressure to unload is increasing.
MicroStrategy, the company that has bought almost 130,000 Bitcoins over the past two years, currently has a paper loss of roughly $1 billion. Their average purchase price is $30,700.
Again, that only matters if you panic (sell).