Today's Market 2/14-20

Before dot com collapsed in March 2000 Nasdaq had a crazy run. Don’t you think we need some blow off top if history were to repeat?

In general, wave five (a peak) completes as a blowoff top, but sometimes it just whimpers… obvious momentum slowing down but keep grinding up and up until one day decides to just drop like a rock. I can post some examples after market close.

Did you notice PLTR went up based on

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I notice Cathie bought PLTR but didn’t bother to chase. Can’t chase her all the time :slight_smile:

Recovery stocks are doing well e.g. CAT, DE, …

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Bitcoin continues to :rocket:

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@hanera,

I am not comfortable with current market, potential chance to drop heavily on Monday (guess work), I released 50% cash position to buy at possible future bottom !

Both S&P and Nasdaq are struggling to keep up.

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Overall, retail sales were up 3.4% in 2020. Who’d have guessed they were higher given all the doom and gloom headlines?

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@Jil

Monday probably open weak and then strong rally.

Just guess, not EW, not TA, not FA, just a WAG. Just a wish.

Anything possible Monday. I am fully skeptical which way it can go.

In another guess, I feel it will touch qqq to $320 ! It may be final correction !

Unfortunately, they target TSLA and AAPL!

3.4% very less consider the size of stiumulus. and every one purchase extra furniture and tech working from home.

Just stop. Debunking all you’re useless info isn’t even interesting anymore.

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Any permanent bears here turn bullish?