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Gap up above the Friday's high so likely a trend day either up or down.
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My guess is double bottom here has a little bit better chances (51%), breakdown would be measured move down.
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Every Sunday night pumped to gap up Monday, it has been working out for a long time, today is different. will the Fed save the day at noon? or help tank the market faster.
My comments are for entertainment/educational purpose only. NOT a trade advice.
This is the channel for the smalls, this is also why I got whipsawed, didn't see the channel till now. Out of cash, so I can now go do something else.... LOL!
PARADIGM SHIFTS:
“Who the hell wants to hear actors talk?” [Harry Warner, cofounder of Warner Brothers Pictures, 1927]
“I think there is a world market for about five computers” [Thomas J. Watson, chairman of IBM, 1943]
“There is no reason for any individual to have a computer in his home.” [Ken Olsen, cofounder of Digital Equipment, 1977]
Kodak thought that film was forever; Yahoo rejected the opportunity to buy Google for just $1 million; hundreds of other examples show what happens when business leaders don’t pay attention to the changes and opportunities around them.
People who are most successful in the old paradigm are less motivated to see when the new paradigm arrives.
Buffett is 90, Charlie Muenger is 97, are they missing a new paradigm shift ??
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.