Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: POKERSAM who wrote (172864)	5/2/2022 2:03:00 PM
From: Turtles_win	Read Replies (1) of 221579

Wow. Congratulations! I bought into LABU at the open today and was up as much as 10% intra-day. Now I am down 1%. The SP500 is at 4083, which is 31 SP500 points below the 4114 level. I'd have to say I messed up. And you did not. I have NO idea where the bottom will be. Perhaps I have been right that we are in a long term bear market, but I was dead wrong that in the near term we will have a nice bear market leg up. Looks like we will head straight down to the final bottom at who knows where. If we are heading straight down to a final bear market bottom, I guess the CNN fear/greed index will have to get below 10. It has descended from 27 to 25 today, but to get to 10, wow, might be a lot of down points. I think I'll hold long LABU though at least for "now", meaning what? maybe for tomorrow at least?

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