StockFetcher Forums · General Discussion · Let's Play "The Falling Knife" Game<< 1 ... 8 9 10 11 12 ... 17 >>Post Follow-up
Mactheriverrat
3,178 posts
msg #157669
Ignore Mactheriverrat
modified
9/24/2021 9:56:27 PM

Even Peters talks about Weinstein from time to time. That is where he got his idea for the Money flow system.

P.S. Peters is sometimes wild in his presentations. His trade I like to get in just a little later than he suggests but all in all he's got a great bunch of ideas.

Mactheriverrat
3,178 posts
msg #157681
Ignore Mactheriverrat
9/25/2021 10:24:24 PM

I read or heard somewhere that "Price has memory"

My thoughts on ZM are to keep falling until somewhere around 220 / 230 area.

Cheese
1,374 posts
msg #157682
Ignore Cheese
9/25/2021 11:43:54 PM

Mactheriverrat,

I like your ZM chart of 9/24/2021 9:03:49 PM
Your support levels of 280-ish, 220-ish and 180-ish seem quite popular
I've even come up with the same myself when looking at different ZM charts from different authors.

As you often said, so many of us essentially look at the same thing.

Our biases will likely become self-fulfilling prophecies.
Lower prices will likely get lower because of our herd mentality of many people
who actually don't know very much about ZM, present and future.

Good grief.

Cheese
1,374 posts
msg #157683
Ignore Cheese
9/26/2021 12:22:13 AM

https://www.stockfetcher.com/forums/General-Discussion/Let-s-Play-The-Falling-Knife-Game/156318/80
=================================================================================

Jeremy Grantham said: When everybody agrees, then something else will happen.

So, if ZM support levels of 280-ish, 220-ish and 180-ish seem obvious to many chart authors,
then they are unlikely to happen.

If unsure, stay out.
I will likely stay out of ZM for a while.

styliten
345 posts
msg #157684
Ignore styliten
modified
9/26/2021 9:31:44 AM

Support level seems to be $260 +/- $10:

A1-ED039-D-08-E4-4878-B683-1-E16-C14-BCB1-B

Cheese
1,374 posts
msg #157686
Ignore Cheese
modified
9/26/2021 1:30:38 PM

Thank you, styliten

Cheese
1,374 posts
msg #157687
Ignore Cheese
9/26/2021 6:12:23 PM

When karennma is proven right, there could be a lot of pains.
This Late Stage Asset Bubble chart by Ron Walker
suggests that $SPX has moved from Euphoria to Complacency.
The next steps would be Anxiety, Denial, Fear, Despair, Panic
https://c.stockcharts.com/c-sc/sc?s=%24SPX&p=W&yr=14&mn=10&dy=0&id=p48232827106&a=727350576&r=944

karennma
8,057 posts
msg #157697
Ignore karennma
9/28/2021 1:00:58 PM

Turn the knife slowly, so, the sheep don't know their b@ll$ are being cut off.


Mactheriverrat
3,178 posts
msg #157698
Ignore Mactheriverrat
9/28/2021 9:58:32 PM

Short term Guppy Exponential moving averages above or below the 20 day moving average.
ZM has the Guppy Exponential moving averages below the 20 day moving averages. Headed for $220 support line.


karennma
8,057 posts
msg #157722
Ignore karennma
10/1/2021 4:53:59 PM

If you're a TC2K subscriber, you better get your b^tt in the seminar.


StockFetcher Forums · General Discussion · Let's Play "The Falling Knife" Game<< 1 ... 8 9 10 11 12 ... 17 >>Post Follow-up

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