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Forum - Wall Street Pit (S&P 500 Index - "Spiders - SPY)    Stock Due Diligence for All

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From: alfie (Rep: 1309) reply to mflutie1Date: 04/06/2020 17:54
Forum: Wall Street Pit - Msg #2832348 - List SPY msgs Thread #674140982 (Rec: 0)
Re: The crystal ball is in the repair shop, so just to keep things in perspectiv...

Dow up 23% in 2 weeks
Nasdaq up 20% in 2 weeks

Fear seems to be eroding VIX dropping like a rock
Confidence in the market is starting to come back
Where are people gonna put their money?

Once you add all these up this market is safer now than in February. My head says logically it shouldn’t be going up but people are thinking 2 years from now this will be all gone. The bottom will be in well before there’s a vaccine. The Dow dropped 38%, I suppose time will tell

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Reply to mflutie1 - Msg #2832341 - 04/06/2020 16:46

The crystal ball is in the repair shop, so just to keep things in perspective on these SPY monster up moves.

Last Friday SPY closed @ 247.70. Today jumped to 264.74,,,,and tomorrow & the rest of the week?

On the last SPY big up moves...
Friday March 27 SPY closed @ 253.47... Monday March 30 jumped to 261.56...
Tuesday DROPPED to 257.39, Wednesday more down to 246.69

March 12 SPY closed @ 248.11... Friday March 13 up up & awayyyyy to 270.20 (mucho bigger than today)...
Monday March 16 DROPPED to 239.85...2 more days to 235.41

March 9 SPY closed @ 274.23...bang-zoom March10 288.42....
March 11 whoopsy 274.30...MORE whoopsy March 12 @ 248.11

March 3 SPY closed @ 300.24... March 4 jumped to 312.86...
March 5 DROPPED to 302.46...followed by March 6 @ 297.43, March 9 @ 274.23

Currently have shorts up the kazzoo at major +27 to +75% profits, so if I take a hit on this cause it continues, so be it.. But the continued up is what I have been consistantly looking for to re-enter longterm monies that have been 100% cash since Feb 21, so would be fine with it.. But until it breaks the pattern, I stick with what's been the constant winner.
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