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BlueWolf replied to Announcing the bigger and better than ever, 2025 Pick of the Year (PotY) contest!in DiscussionTalk about whiplash. Ouch. I hope everybody had their seat belt on. Maybe we should start letting people go long on the VIX. In any event the gyrations did have an effect on our picks and the standings changed a bit this week. Unfortunately, our collective circumstances remain dire. Antioch’s...
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What awesome day to day trade. That’s one of the few good things that happens when the market sells off as rapidly as it did. Eventually it gets so deep into oversold territory there’s a nice spring back for some good short term trading. It’s easy to get fooled, though, and I’ve...
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I just tried to calculate new Fibonacci Retracement levels and my charting software just replied “Are you kidding me!”
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BlueWolf replied to Announcing the bigger and better than ever, 2025 Pick of the Year (PotY) contest!in DiscussionI’ll keep this short as I’m still cleaning the blood off my screen. I’ll start with the only piece of good news I think we’ll be able to point for a while. We actually have one pick still in the green and doing fairly well. Congratulations Antioch on your pick BJ, which now firmly...
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BlueWolf replied to Announcing the bigger and better than ever, 2025 Pick of the Year (PotY) contest!in DiscussionOh boy, I walked right into that one, didn’t I. You’ll have to forgive me, I was still a little loopy from surgery last week. Gotta remember to proof read.
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BlueWolf replied to Announcing the bigger and better than ever, 2025 Pick of the Year (PotY) contest!in DiscussionUgh. That’s all I have to say: Just one, big, long, messy ugh. The whole market seems to just be dripping, one annoying ploop after another, like a melting candle over the side of a table. If you look at it on a monthly chart, you say, “Oh, that don’t look too bad,” but on a...
Last edited by BlueWolf; 03-31-2025, 01:51 PM.
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BlueWolf replied to Announcing the bigger and better than ever, 2025 Pick of the Year (PotY) contest!in DiscussionHello Pickers! It was pretty much a meh week for the markets as all three major indices treaded water at their recent lows. Basing at a low is usually an indicator that there will be more downside to come, but the longer the indices base at the low, the better the chance they’ll reverse direction...
Last edited by BlueWolf; 03-22-2025, 06:26 PM.
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BlueWolf replied to Announcing the bigger and better than ever, 2025 Pick of the Year (PotY) contest!in DiscussionOK, here we go with the new format. I hope everyone can read it. That was sure a nice bounce we got on Friday, but only time will tell if the upward recovery can be sustained. All the gyrations affected the standings a little, but not significantly. Basically Antioch’s BJ and Minni17’s ATAT...
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I took a second look at the retrace levels, and I think I was incorrect in my earlier assessment. When I backed out into a weekly chart and covered a broader period all the way back to the beginning of 2023, I saw that’s when the current macro trend actually started. This means we’re still...
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