The Lnog Invsetar
148 posts
$UNH is now above its 200 WMA after a strong Earnings this morning
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$MU I think going forward
That when I say you should not chase a parabolic move, assume I have your interests at heart
knowing that all parabolic moves REGARDLESS of their fundamentals, typically end in a strong move to the downside next.
$MU is in an ABC correction now, Wave A looks nearly complete (-5% in the PM) then I expect a relief bounce for Wave B before a final leg down for Wave C
$MU will pull back -50%, like all charts that have ever come before it
There is zero difference here.
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Elevated activity of public offerings right now
As we lead into the seasonal weakness in September
Typically a public offering should be made after strong moves…
Or they expect the market to be weak soon
You don’t raise during a weak market
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$SNDK has now declined -37% in 3 weeks.
Pull backs are part of the process
No position is exempt from pull backs after running hot, this is standard price action
Even $NVDA experienced a -40 to -50% decline last year and they have the strongest margins and growth in the market.
No position gets special treatment.
We anticipate pull backs and add to our positions on support
NOT BELIEVING there will be pull backs is unforgivable
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$MU 50 Day MA has now been lost
-9%
Putting a lot of pressure on the sector.
The Long Investor@TheLongInvest
$MU How are you feeling? Will the 50 Day MA hold?
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Big win for Stripe on $PYPL.
$60 a share compared to the Fair Value between $90-$100
However, $PYPL should accept
They are not able to turn this around alone
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$BABA dipped below the 200 WMA, buyers stepped in and now a strong bounce
$BABA is back on track
The Long Investor@TheLongInvest
$BABA pull back has been stronger than expected but it is a retest of the 200 WMA - Another buying opportunity If History repeats itself, Wave 3 is next.
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You add on support
Not sell
You consider adding again after a breakout and retest
Not sell.
So when do you sell?
At a REJECTION of a resistance level
A very little know what to look for to confirm a rejection
This is your bread and butter
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The most densely populated state in the US has stopped high energy absorbing data centres from construction
Regardless of your opinion
That makes sense
Allow other states now to compete for this business
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$SPY ATH high is $760, we are at $752
It’s not as bad as you think it is.
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