Search Results for: twitter
Proof Of Life
I was looking at this rising wedge on SPX posted on twitter earlier this week by someone with the comment that the break above this week is a bearish overthrow that would likely precede a break down from the wedge and then a likely 38.2% to 61.8% retracement of the wedge. Obviously I’ve been posting that wedge and looking at it every day in my premarket videos for weeks, and it is a very decent quality pattern, but I’m doubtful.
If we were going to see that retracement happen, then the obvious time to do that would have been over the last four weeks or so, in the obvious bearish window into late October. That didn’t happen, so unless we see some evidence that the bears are still in the game, I’m going to remain doubtful.
(more…)Sigh, Robot
Earlier this year, Tesla announced a major product event would be held on 8/8 instead, and the highlight would be the long-anticipated Robtaxi. As that date approached, management grew concerned they weren’t ready, so they pushed it forward to 10/10.
Saylor’s Puzzling Valuation
Microstrategy was one of the biggest bombs of the Internet bubble, losing almost its entire market cap. It has reinvented itself, however, quite successfully, as a de facto Bitcoin hedge fund. The stock has done exceptionally well over the past couple of years.
