Buy the dip?

[praguehawk]

Tariffs were known to be coming for weeks. Any expected effects had been priced in before last week. Last week occurred by manipulation, people taking gains and triggering others to get out. Then they'll get back in a start reaping more rewards as other sheep get back in to drive things back up.

The unexpected severity of the tariffs was what caused the signficant drop. JFC how dumb are you? This wasn't people taking gains. It was the market reaction to what it's now projecting as a massive tax on the American people. We could still have a couple legs down: 1) Euro response 2) forward looking statement as earnings season heats up....

 

[An Iowa fan]

5100-5144 was the target.

There is a Gartley target at 4970. Hope we don’t have to chase that number.

Elliot Wave : A=C has been established.

Let us see if 5500 can be taken back. Good sign if it happens.

 

[Whiskeydeltadeltatango]

Well Bean, did ya?

 

[An Iowa fan]

Let us see if 5500 can be taken back. Good sign if it happens.

Should go through 5500 on this trip, if I have the count correct. We’ll see. Let’s hope so.

 

[soybean]

Well Bean, did ya?

Nope. I'm flat until next Fall.

 

[tumorboy]

Nope. I'm flat until next Fall.

Sell some to balance out gains for tax purposes. Only reason I'm touching anything in current investments.

 

[soybean]

Sell some to balance out gains for tax purposes. Only reason I'm touching anything in current investments.

I think next Fall might be a dreary one, TB.

 

[tumorboy]

I think next Fall might be a dreary one, TB.

Agreed. Sold high on a lot of equity in December and then in February. Got a bit of blow back from folks. But once the Canada shit started and the tariff strategy was revealed. I knew this was going to be a shit show. Even more than usual from Trump. Then the Freedom Day presentation exceeded my wildest prediction.
When the Canada stuff happened figured were marching to 33 to 35. Now wouldn’t be shocked to see low to mid 20’s

 

[An Iowa fan]

Should go through 5500 on this trip, if I have the count correct. We’ll see. Let’s hope so.

I just sold out the minis I bought at 5100. I am a little confused on the count. So I just took the money home. Long term stuff still in place.

Edit: the Russell 2000 does look like it needs another leg down at some point.

 

[mnole03]