we are approaching a real test of strength around 389-391. the first test of the biden market. target 355ish. for the 45 degree angle to not have any effect, it would have to gap up over it. if we open above line on monday, than please forget this post.
49 weeks, 50 weeks are very important time frames. go back and check what happened, right as we approach an important angle. time and price are lining up.
i started a website with some neat stuff. well mostly great books i have read. thisbigguy.com registration is required to view or download, but registration is free.
and because i am bored, a little extra below. lol ...cheers
We interrupt this broadcast To bring you this special message about the forecast The futures cloudy and it's raining on the poor class The roads to peace are closed, heavy traffic's on the war paths Love is balling on a budget The military's says its going to need more cash To keep fighting for your gas Keep us in our hoods and hope we never explore pass Stay inside of your half, believe the lies you learn in your class That there's no treasure in your trash and the ceiling has the same feeling That the floor has, and that's where you should stay This is what they play - state run radio by lupe fiasco
Does history have anything to teach?
As the story goes, one day in 1929, Joe Kennedy is getting his shoes shined. The boy began to give stock tips as he polished Kennedy's oxfords. In that moment, it struck Joe that he needed to leave the market. He reasoned, famously, if shoeshine boys have an opinion on stocks, the market is clearly, dangerously popular. Supposedly, he pulled out not long before the stock market crash, which led to what we know today as the Great Depression.
I know what you are thinking? the bull market is strong. throw a dart and make money. there are other long plays out there. commodities being one. soybeans, wheat...eta etc are undervalued.
you might be tempted to join the euphoria... but if the master knew when the thief would come he would stay up all night. sleep well....
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