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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="LibertyTurns" data-source="post: 696789" data-attributes="member: 789"><p>[USER=274]@CuseJacket[/USER] The indicators that were relevant were on 1/27. S&P down 1.57% on slightly above average volume. Next indicator was a follow thru on 1/31 where it was down 1.77% on higher volume than it was down on 1/27. These are IBD principles straight out of their methodology. Yeah it was tough watching the market go up for 2-1/2 weeks as I was selling off hoping I wasn’t wrong. However, the price tag for bad analysis at that point was what 2-3% of gains missed?</p><p></p><p>Someone asked if anyone was a short seller. Not me. You can make good money doing that but I’m not an active trader and that discipline requires a lot of study and talent in my opinion. Not my style.</p><p></p><p>[USER=4443]@cyclejacket[/USER] Not concerned about a Sanders Presidency. He has a fair chance of being elected, but somehow Americans are inadvertently smart occasionally when voting. They’re not apt to give him a mandate to get any of his crap rammed thru.</p><p></p><p>What is likely to be the case is this is just what the Maniac needs to look Presidential. He’ll get a favorability boost, big one if this turns out the way he predicted.</p></blockquote><p></p>
[QUOTE="LibertyTurns, post: 696789, member: 789"] [USER=274]@CuseJacket[/USER] The indicators that were relevant were on 1/27. S&P down 1.57% on slightly above average volume. Next indicator was a follow thru on 1/31 where it was down 1.77% on higher volume than it was down on 1/27. These are IBD principles straight out of their methodology. Yeah it was tough watching the market go up for 2-1/2 weeks as I was selling off hoping I wasn’t wrong. However, the price tag for bad analysis at that point was what 2-3% of gains missed? Someone asked if anyone was a short seller. Not me. You can make good money doing that but I’m not an active trader and that discipline requires a lot of study and talent in my opinion. Not my style. [USER=4443]@cyclejacket[/USER] Not concerned about a Sanders Presidency. He has a fair chance of being elected, but somehow Americans are inadvertently smart occasionally when voting. They’re not apt to give him a mandate to get any of his crap rammed thru. What is likely to be the case is this is just what the Maniac needs to look Presidential. He’ll get a favorability boost, big one if this turns out the way he predicted. [/QUOTE]
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