Fibocrypto
Fibocrypto t1_jaewyek wrote
Reply to comment by hummmduno in S&P 500 analysis. by hummmduno
My pattern is based upon the 60 year cycle. If this correlation is to continue then the Dow will basically double between now and the year 2026 and then a long term bear market would be expected. We will find out soon enough . For me and for other reasons March 20-21 and June 10 will be important to me this year and both should be some sort of a low . Your work from the little I can see kind of fit with that June period .
Fibocrypto t1_jaelzxa wrote
Reply to comment by hummmduno in S&P 500 analysis. by hummmduno
Then again I am looking out further than you are and I'm using a longer pattern and I'm showing a longer historical correlation than you are. I have backed up my pattern by including a simple indicator and I have included a timing component which will help to prove myself correct or wrong . Right or wrong the market is going to decide . I was just trying to add content to your content . I've still got 2 to 3 weeks before I take on any leveraged positions . We will know soon enough . I'm going to correct the above . We both are looking at similar durations so I take that back . Good luck and I hope we both come out ahead over the rest of the year.
Fibocrypto t1_jaejeuo wrote
Reply to S&P 500 analysis. by hummmduno
OP, For what it's worth I have one overlay for you to consider followed by 2 key dates that I think are important this year .
This pattern if you wish to call it that is the Dow Jones industrial average from the year 2022 to date and in the background is the years 1962-1963 . Both being weekly bars Additionally I'm focused on march 20-21 and June 10 as my 2 most important key dates this year . This chart was updated as of Fridays close . Call us both regards . Looking at the Dow daily chart and using the 14 day RSI The Dow tends to have strong bounces following a poke below 30 and while rare a poke below 27 is not an impossible possibility.
Fibocrypto t1_j6pe66z wrote
Reply to comment by HoiPolloiAhloi in How do we stop making cults? by SwearImNotACat
Lose I mean
Fibocrypto t1_j6p432s wrote
Reply to For all the folks who think a recession isn’t coming because of temporary rallies based on last year’s data: by KuntFuckula
So the 3 month Treasury yield needs to rise ?
Fibocrypto t1_j6p3gm6 wrote
Reply to Ultimate Wife Stock by Dashover
PGR
Fibocrypto t1_j6p3806 wrote
Reply to How do we stop making cults? by SwearImNotACat
One thing I've noticed about wallstreetbets is that when you come here everyone understands beyond doubt that you can lose everything you invest.
Fibocrypto t1_j6np7dy wrote
With 15,000 I'd say take roughly 25 % - use 4,000 of it and split that to become 2,000 JEPI and 2,000 JEPQ and just hold them all year for the dividends . With the remaining 11,000 you will need to decide .
Fibocrypto t1_j6m5k9i wrote
Reply to comment by ariesdrifter77 in The glitch in the matrix no one’s talking about : Notable decrease in open interest of OTM calls by ariesdrifter77
If you are correct then the casino knows what the fed is a out to do otherwise it make zero sense to be closing
Fibocrypto t1_j6m2nxg wrote
Reply to 2nd time making a covered call: 1600 shares of Carvana at $8.43. 16 $9 calls sold at 0.71 a call by thisisthetaa
This is a perfect example of over trading .
Fibocrypto t1_j6m19m5 wrote
Reply to comment by ariesdrifter77 in The glitch in the matrix no one’s talking about : Notable decrease in open interest of OTM calls by ariesdrifter77
Selling covered calls is a stradegy that creates income consistantly for those who do it . Yes they get blown up once in a while but more times then not they create income similar to a dividend each month or 2 on a specific stock
Fibocrypto t1_j6m11sr wrote
Reply to The glitch in the matrix no one’s talking about : Notable decrease in open interest of OTM calls by ariesdrifter77
All of the option sellers I've ever talked to never buy thier short puts or calls back . If a person is long the stock and the short calls get exercised they simply sell the stock . III f the short put option goes in the money they then buy the stock. What you are looking at might work and if so you could use it as part of your own entry or exit stradegy but for me I'm not sure
Fibocrypto t1_j6kpj9g wrote
I think it's a suckers rally and no buy out
Fibocrypto t1_j6gif22 wrote
Spinning off Google from itself won't hurt investors
Fibocrypto t1_j6g8h5h wrote
Reply to The next big junk heap to rally by MissDiem
The pendulum swings to both extremes
Fibocrypto t1_j2df46x wrote
Reply to Progressive: The Valuation Enigma by 2ndSifter
Thank you for the heads up . I've owned this stock for a while and maybe it's time I looked at it closer
Fibocrypto t1_j2de7rm wrote
Reply to My failed attempt at getting into trading by Dull_Ad1955
You didn't fail to get into trading.
Fibocrypto t1_j2d7usr wrote
Santa was a boomer and also had a sex change and retired . Santa now identifies as santashe and can be found living on the south pole .this why the stock market is weak
Fibocrypto t1_j1to2qk wrote
I'd begin by going to the store and buying some food . After eating I'd write my plan
Fibocrypto t1_j1kztdx wrote
Reply to Hoping someone can help me. by JellymmmJAM
I would never send money in order to get my own money out of an account. I would rather set up a different account and send my crypto somewhere else ..
Fibocrypto t1_iyesb4u wrote
Jpow wasn't the issue . You misread the market not jpow
Fibocrypto t1_iye1s9h wrote
I'd make sure I was out of debt.
Fibocrypto t1_iy2yp3d wrote
Options dont get exercised by accident . Just admit to yourself that you screwed up and close the position immediately ! It's an error and a bad trade and when these things happen you immediately close the position then take a deep breath and re evaluate and then move forward .
Fibocrypto t1_ixa8jfh wrote
Reply to Index Bubble by Excellent_Eggplant87
Where in any of that data does it show investments in index funds ? And where does it show a bubble ?
Fibocrypto t1_jee50zm wrote
Reply to Reed, you're smarter than you know! by shamansufi
Reed sold at the lows . Don't be reed .