On A Colossal Scale

‘The are just making it all up’, link here (time stamp: 10:12).
‘Doing it on purpose’ (time stamp 11:50).
The statements were referring to the financial ‘media’.
The ability of the media to manipulate the herd with such ease is shocking and disappointing at the same time.
One has to wonder, was it like this in 1929?
Moving on to the A.I. mania, we have yet another potential high in the SOXX … today or tomorrow (not advice, not a recommendation).
Semiconductors SOXX, Daily
Tomorrow, is Fibonacci Day 89, from the April 7th, lows.

Another set-up, with Fibonacci target.
Stay Tuned
Charts by StockCharts
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The Danger Point®, trade mark: No. 6,505,279
Thanks for the update on tech. I feel things are getting crazy in the market again. Weak breadth, sky-high price to sales ratio. I believe there is a lot of put-hate in the market too yet the indexes continue to grind higher.
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Thank you for the comment.
The SOXX update said to expect a new daily high. This morning is proving that to be accurate.
If it reverses from here, it’s possible (with NVDA flattening-out) that a longer-term reversal is at hand.
Thanks again,
Paul
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Oh and one more thing, if you believe in seasonality, Vix is overdue to start moving up. So a “shorting-stuff” strategy should start to work again soon. Keep up the good work.
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