Moscow Does Not Believe in Tears
Traders Believe in the Perpetual Bull Market in U.S. Stocks
Intel’s 30% plunge in a single day finally taught retail investors that
There is no perpetual rise, only cycles
Back in May, on Feishu,
I told everyone that there would be two tops in U.S. stocks this year. One would be in June; at the time, I thought the most likely dates were June 5 or 15. It would also be the semiconductor top.
The second top would be around September 22 or 23.
In fact, it came on October 6.
The timing was a little off,
but the overall outlook I gave at the beginning of the year was basically right.
In mid-to-late November, U.S. stocks had a major rebound, giving a second sell signal on the daily chart.
To those friends who still believed in the bull market in U.S. stocks back then,
Good luck.
Source: @Cycle_King1913 on X
Traders Believe in the Perpetual Bull Market in U.S. Stocks
Intel’s 30% plunge in a single day finally taught retail investors that
There is no perpetual rise, only cycles
Back in May, on Feishu,
I told everyone that there would be two tops in U.S. stocks this year. One would be in June; at the time, I thought the most likely dates were June 5 or 15. It would also be the semiconductor top.
The second top would be around September 22 or 23.
In fact, it came on October 6.
The timing was a little off,
but the overall outlook I gave at the beginning of the year was basically right.
In mid-to-late November, U.S. stocks had a major rebound, giving a second sell signal on the daily chart.
To those friends who still believed in the bull market in U.S. stocks back then,
Good luck.
Source: @Cycle_King1913 on X
