PuppBaby wrote: ↑Thu May 05, 2022 10:15 pm
Hehe yeah its definitely a little
Yodean nailing it without hesitation haha, its a savage bloodbath currently. I heard lots of co-sheep's crying of fear today, the time is near.
Even I felt a bit of shiver, which I viewed as a positive sign. We can't eliminate the mass mindset entirely, but we can spot it when it tries to manifest itself. Another trader that I know who is very successful has not looked at his account for two weeks. When I asked him why he said he did not want to see the sea of red even though he knew in the long run he was in the right plays. So he said his strategy to deal with fear when it tries to seep in, is to look at his portfolio on Up days when the markets are in a corrective mode. This guy is not your average Joe, he really knows his stuff, so if he is getting a bit nervous, it's a good long term signal. He is so disciplined that he monitors his own reactions and he arrived at the same conclusion I did, that his nervousness should be construed as a long term bullish signal.
Even though we spoke of increasing manipulation years in advance and we re-address this issue several times every year, I am still surprised at the length these players are willing to go to get what they want. One theory being pushed forward is that the Ukraine war was triggered so that there would be no examination into the global fraud related to COVID lockdown and vaccinations. The money the COVID Pandemic made and continues to make for big pharma is massive. However, that's just a theory that is floating around.
What is not a theory is that the big players view nothing as sacred, and their plans to destroy the middle class have accelerated. The middle class has several levels, then they will go for the upper class and only those that fall in the 1% group will be left unscathed, which is ironic as almost all of the government officials that are rich fall into (at best) the upper-middle class, so they will be sacrificed sooner than later.
I will post a mini update soon in the interim update section. The main reason the rally from 2009 to 2016 lasted without the markets moving into the oversold ranges was that the crowd was so mentally torn up by the financial crash, that they did not start turning bullish until 2016.