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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (76005)	12/29/2024 10:11:12 PM
From: Cornstock	Respond to of 79308

Dough. This is the first time I have seen the inverse 3 day rsi. It's pretty interesting but it will take me a while of watching and learning before my pea brain will comprehend. For the last few years, you traders sell after the stock hits the 3 day rsi stuff and make your money on the way up. I look forward to the 3 day rsi because I consider it the stock resetting time to rest and recover. There were times when it took longer to recover than I had hoped but generally speaking weak stocks don't hit the 3 day rsi at or above 95. And they recuperate and start all over again. The next two days could be a little scary as Friday we saw some year end selling and don't suppose it is over yet. And your Equity Funding Collapse article is just scary too. I am hoping that I won't have to sell much before the end of the year. But.... We have all been thru that before and it isn't fun. And geez LAES is something to behold. I am inclined once again consider going to bed and putting the covers over my head. Over last few weeks I have been considering taking a more conservative approach and just putting some money in stocks (ETF) like MAGS etc.just hoping for a nominal return. This market is just darn scary right now. Oh and by the way I read an article this weekend about the energy it takes for these new data centers ........ An average new data center takes approximately the same amt of energy per day as the city of New York. Might be a good idea to start looking at energy stocks .,.. like tomorrow. The energy stocks don't seem to be moving as you might expect. But that should change pretty quick. And we will need some of those stocks so we can pay our "new" power bills. Wishing all of you a safe and happy New Year my dear old friends!