Hey Nerds: Blockchain

[Preston]

"Advanced Charting"

 

[CH1]

boring chart that does not describe today's carnage of people rushing to buy Apple at 319 after a broker upgraded the stock, citing "big iPhone 12 potential" Now trading at 309.

 

[zeke]

Historic bull market there.

 

[CH1]

Even I'm bearish in the short-term. God damnit. Worst timing for my MSOs.

Does MSO stand for My Significant Others? How many do you have? Shouldn't one of them be making the occasional pizza for you?

 

[Preston]

Historic bull market there.

You were wrong and you know it.

But the signs of an upcoming top were showing all of last week. Good to see the bears pounce. I'm fully on board the bear train now, especially if they bust through key supports. Wonder if that will still count as an equilibrium for you. I'd love to see an advanced chart of yours that shows a 10+% dump as "sideways action."

 

[Preston]

Does MSO stand for My Significant Others? How many do you have? Shouldn't one of them be making the occasional pizza for you?

Multi-state operator but close enough

 

[CH1]

a rally, even an amazing one, does not constitute a bull market. stop it with these senseless labels.

 

[Preston]

a rally, even an amazing one, does not constitute a bull market. stop it with these senseless labels.

I have no idea where zeke got "bull market" from. He must have watched too much CNBC. My main point of contention was that zeke called April a sideways month. One of the stupidest comments he has ever made.

 

[CH1]

Multi-state operator but close enough

I'm know. My Spy puts turned me into a silly, silly poster. Apologies.

 

[Preston]

Fair enough. That was me the last month. I totally get it. Apologies to everyone.

 

[zeke]

1. "Looks like the market is starting to settle in"

2. "Lol no you're wrong this a historic bull market"

3.

4. "You were wrong and you know it"

 

[Preston]

Please do me a favor and find me a quote where I called this a bull market. Please. I'm begging you. April was historic: fact. The rally was historic: fact. We were grinding up: fact.


You said April was sideways and called it an equilibrium when all we were doing was rallying and setting higher highs and higher lows. This is the first harsh rejection and flush off a higher high since who knows when. Your advanced chart sucks.

 

[CH1]

Not even Trump called it a bull market

 

[Preston]

Not even Trump called it a bull market

I legitimately think CNBC did though. About -10% from these levels I believe too. Which is hilarious.

 

[CH1]

I legitimately think CNBC did though. Which is hilarious.

Thank god LOF finally turned that channel off. It's a noisy regret inducing machine.

 

[Preston]

I love LOF so much. And CNBC. Can't wait for the despair to set back in.

"YEAH WELL I SOLD ALL MY STOCKS AND WENT SHORT A WEEK AGO. I DIDN'T TELL ANYONE UNTIL NOW THOUGH BECAUSE MY TRADES WORKED OUT. I THINK SPY IS GOING TO 50 BY NEXT MONTH."

 

[zeke]

Please do me a favor and find me a quote where I called this a bull market. Please. I'm begging you. April was historic: fact. The rally was historic: fact. We were grinding up: fact.

You said April was sideways and called it an equilibrium when all we were doing was rallying and setting higher highs and higher lows. This is the first harsh rejection and flush off a higher high since who knows when. Your advanced chart sucks.

I said 2 things:

1. market seemed to be settling in at a new equilibrium after a sharp rebound off the big drop
2. market was still jittery around that new equiibrium and that you day traders might really be making a killing just by betting on a quick reversion to that new equilibrium after each of those jitters.


You were outraged and called me trump hating negative Nancy.

And yet:

 

[Preston]

his past month must have been an absolute gold mind for you day traders.

like 2% movement every day, but always hovering around the same level overall.

This was said literally on May 1st. Referring to one of the biggest monthly bull rallies we've seen in several years. This was wrong.

I rest my case. We can move on now though. It appears the rally has peaked.

 

[zeke]

This was said literally on May 1st. Referring to one of the biggest monthly bull rallies we've seen in several years. This was wrong.

I rest my case. We can move on now though. It appears the rally has peaked.

So I was slightly loose with my words.

On May 1 the djia was at the same level it had been 3 weeks earlier, not 4 weeks. My bad.

You, outraged, decided to start insulting me and kept pretending it was a bull market.

You were wrong, I was right. No biggie.

 

[CH1]

Would love a sideways mini grind upwards to re-short