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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: rogermci® who wrote (175082)	6/15/2022 4:53:21 PM
From: da_cheif™	Respond to of 207447

being bearish is easy....flip floppers dont care.....historicaly perma wrongs are rarely right...and trolls live in glass houses

To: rogermci® who wrote (175082)	6/15/2022 8:37:21 PM
From: kapex	3 Recommendations Recommended By mark2market robert b furman rogermci® Respond to of 207447

The ironic thing is that these same guys at the last peak said nothing but rave about how resilient the market is here and that's why it's at record highs. Typical. This is why being a True contrarian....like the chief is..... is Why you can make the calls like he does. How about crude oil.....going to 140....and then calling it back below 30....or was it 20! At turning points you get .......write this down... EMOTIONS As a contrarian....I want to see folks making calls like what we have seen over the last few days. Monday we were still going down (Tuesday was the full moon not arrived yet) ....but there was no shortage of folks expressing their Emotions. Again....let me explain the Mechanics of why sentiment is the #1 thing to pay attention to. It's Not about more selling to come. No! What it shows you is that the selling has come to an END! Why? Because folks have already done what they are going to do one way or another. It's Not that they might sell and exerabate the decline more....(Arrrgggghhhh....it's gonna crash as they eat their popcorn and watch) ....they are done doing Anything......and that...God Forbid...is why there is no chance in hell that they would BUY! In other words...the market stops going down because selling dries up. The only one selling is the Boyz making it seem dire so the idiot hedge funds will puke their billion dollar positions so the commercials can cover their shorts. But buy? LOL I'm not buying shit. The market is..........(go back through the last couple days posts and look at the extreme self confident extrapolations about how there is Absolutely Nothing positive about anything and thats why it's All over.. Do you see?? Fundamentals are what we're evident at the top. But it was making new highs! Seriously! ! It's a purely mechanical situation that very Very few RECOGNIZE as it's happening.. In simple terms....the sellers that are going to sell have done so.. All that's Left are folks emoting......or whining....or crying that it's just awful.. Its more than just looking at sentiment.. Its understanding the how the mechanics of sentiment ....Work. Its not more selling to come....or even buying that causes massive short covering. Headlines Barron's Bold exclamations It tells you that there are no sellers left. Or buyers. But more importantly it's what needs to happen. No one sells at the top because.... they have so much company. Warm and fuzzy. We're all going to be rich....er Same at the bottom. There is a Mechanical reason understanding sentiment works. Most people can't check their emotions. A mirror works well in these situations. Just look at yourself. If you're ready to jump on board and call TEOTWAWKI.....and can spot that in yourself.... Then follow the simple axiom. Buy Low... They'll be plenty of time later to do the opposite.