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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (2971)	3/11/2023 2:46:29 PM
From: Bull RidaH	Respond to of 4414

*“…diamond is getting tarnished.”* This one has given us 2 fakes up and 1 fake down, not counting the current down swipe. It may go down as the trickiest diamond to determine the authentic break out of, but when the upside or downside target is met, there will be a stunning reversal. The diamond’s right side lines intersect at 4005, so let’s take inventory of this move down compared to the first break up that failed at 4200. That up move travelled 195 S&P points above the diamond right side intersection before failing. This down move has travelled 160 points below the 4005 intersection at Friday’s 3846 low. The news finally got released Friday for why this 8% decline from Feb’s high…the 2nd largest US Bank failure in history. Insiders have known since early this year, as the bank was shopped to everybody with a $100 billion checkbook, with no takers. Your instincts have led you to believe the authentic break will be down. If you prove to be right, sorry Don, but you’ll be my new #1 market guru. Here’s the diamond‘s downside target (2980 SPX) for reversal if your imminent dump theory hits the toilet bowl. With the bad news out now… good luck.

To: yard_man who wrote (2971)	3/12/2023 7:11:45 PM
From: Bull RidaH	Read Replies (2) \| Respond to of 4414

"near, term a collapse in yields is not bullish..." Au contraire mon frere. The spike in bond yields over the past month was due to SVB being on the ropes with $23 Billion in long bond exposure and God knows how much in derivative exposure. Once that all got fire sold late last week, now we get back to regularly scheduled programming, which is a RAGING bond rally. SVB'S total negative equity will be relatively small for FDIC to absorb, if any at all. Was primarily a liquidity crisis that needed big brother's help in managing. Any bank would suffer the same fate if 25% of their total deposits were attempted to be withdrawn in a single day. This is really much ado about nothing.