@ukarlewitz
Urban Carmel
4 years
A market that bottomed 9 days ago while cases rise and macro data worsens is a market that has stopped panicking and accepted that news will be bad for a while $NDX
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@ukarlewitz
Urban Carmel
4 years
Breadth: Now, two >90% up volume days this week. What that means explained here: @QuantifiablEdgs
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@ukarlewitz
Urban Carmel
4 years
@QuantifiablEdgs
Quantifiable Edges
4 years
@ukarlewitz A couple of quick notes about this study. 1) It was noted that the link was old, so I took a look and it has held up very well over the last several years when looking out 2-4 weeks. 2) According to my Tradestation data, 4/6/20 was < 90% up vol. But Norgate says > 90%.
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@neodocjdg
(((Jack Guida MD PhD)))
4 years
@ukarlewitz It will take something unexpectedly disastrous to spook the market at this point.
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@jonathanharrier
Jonathan Harrier, CMT
4 years
@ukarlewitz Urban is just making the point that relative to today, the market did bottom (was lower) 9 days ago. That's a fact. He isn't saying there won't be more ahead.
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@l_khami
LK
4 years
@ukarlewitz @femisapien_z Femi, o que achou dos comments desse post?
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@_Memorious_
Memorious
4 years
@ukarlewitz What makes you think it has bottomed?
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@Ochefedoboss1
O_Chefe_Do_Boss
4 years
@ukarlewitz Or just quarter end pension fund rebalancing. Premature to call it a bottom.
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@ukarlewitz The market bottom? We don’t know that yet. Plus there’s always a chance it will retest that bottom, if it’s the bottom.
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@pintailpinhead
Super Chicken Capital LLC
4 years
@ukarlewitz There has been no acceptance of reality. That is, nothing that was before, is. The complete lack of the truth which is confronting humanity. What got us here. What I ask? Think...
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@Therja90
Rich Ad
4 years
@ukarlewitz We've approved medications, has loads of stimulus, seen infection rates decline, slashed rates, developed testing, developed vaccines. Eventually this will all pass.
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@tommyunger
Tommy Unger
4 years
@ukarlewitz Now the non-panic selling begins.
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@bizzeman
Chunks
4 years
@ukarlewitz So many people get triggered when somebody even hints that we may have seen the bottom.
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@ColinACody
Arete
4 years
@ukarlewitz I am a little concerned that the first leg down was panic, leverage selling. This next leg down, when Mr. Market finally rips the beloved big tech names from the hands of retail and the Sophisticates, will be a slow, grueling, painful Batan death march. Hope I'm wrong.
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