Interim Update Oct 7, 2022

[outof thebox]

Update:
Both Yahoo and Stockcharts apparently had a data error that has been corrected.

Original Post:
Not sure if this will load properly as I am mobile. but the Dow had an outrageous print per stockcharts.com. error? Fund blowing up? Dunno. Check today' volume.

Nice reversal today. A positive move on negative news, could this be the trigger for the next rally.

[Yodean]

However, with my luck Gold will probably rally first
LABU; you have some cahones mate, buying more of this when the markets are still correcting Is that a swing trade or a long term play

agree that gold will likely lead silver, with silver having higher upside potential

generally prefer to leave my gonads out of the investing equation ... last time i checked, they were slightly above average in size, but much younger in age ... must be the intermittent fasting ...

long-term bullish on biotech ... had core holding in ibb previously, eventually switched to labu for leverage and to free up some cash/margin ... generally a core holding, but will sell a bit (swing-trade) if it goes up really fast, becomes overbought, etc.

[Yodean]

One possible scenario tomorrow, cpi comes in a little higher than expected, markets start to drop but suddenly turn around and soar higher. Not saying this is my expectation but that if the PTB can manipulate the markets short term then this is one way they can trick all the short traders adding to their positions and we could have a short squeeze, will happen at some point anyway.

Prophetic, atm ... Jesus told you behind my back!

Nice call.

[Tobeornot]

One possible scenario tomorrow, cpi comes in a little higher than expected, markets start to drop but suddenly turn around and soar higher. Not saying this is my expectation but that if the PTB can manipulate the markets short term then this is one way they can trick all the short traders adding to their positions and we could have a short squeeze, will happen at some point anyway.

Prophetic, atm ... Jesus told you behind my back!

Nice call.

Great Call Bpcw. This is a nice positive divergence. Negative news and the market rallies strongly. If it closes at this level up 750, it would amount to 1K rally from low to high

[bpcw]

One possible scenario tomorrow, cpi comes in a little higher than expected, markets start to drop but suddenly turn around and soar higher. Not saying this is my expectation but that if the PTB can manipulate the markets short term then this is one way they can trick all the short traders adding to their positions and we could have a short squeeze, will happen at some point anyway.

Prophetic, atm ... Jesus told you behind my back!

Nice call.

Great Call Bpcw. This is a nice positive divergence. Negative news and the market rallies strongly. If it closes at this level up 750, it would amount to 1K rally from low to high

I shall be starting my rival subscription service next week and will be charging quadruple TI as I'm obviously far better!

Jesus said to a rich man, sell everything you have and give it to the poor and then come follow me. I'm saying, pay a very expensive subscription service to me and follow me and you'll give all your money away to the rich and you'll soon be a poor person yourself!

On a serious note, the point I was trying to make was that if the PTB can manipulate the markets short term then the news isn't so important, cpi is fudged anyway and is part of the manipulation, they can just use a data release to buy more and then turn the market around. I did buy TQQQ at very close to the bottom as I was half expecting a turnaround but more luck than judgement probably/maybe.

All this is really based on what I have gleaned from TI anyway.

[SOL]

On a serious note, the point I was trying to make was that if the PTB can manipulate the markets short term then the news isn't so important, cpi is fudged anyway and is part of the manipulation, they can just use a data release to buy more and then turn the market around. I did buy TQQQ at very close to the bottom as I was half expecting a turnaround but more luck than judgement probably/maybe.

All this is really based on what I have gleaned from TI anyway.

News has always been used to create the wrong impression and it's virtually impossible to trade on it. Congrats on gleaning data and more importantly putting it to use in an astute manner as in your decision to purchase TQQQ.

Today's action validates the argument that the narrative is determined on the fly. If this rally lasts, new narratives will appear from nowhere.