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Incredible comeback

What an incredible comeback by the US stock market last week!
It recovered all the losses from 5th August rough sell off. With this amazing comeback, the S&P500 is currently only 2% away from its all time high that was set in July.
So what's next from here?
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  • LightWhat : Thank you for your analysis sharing.

    Bro, from today onwards base TA, data, earning reports & sentiment etc, will the rally continue this week?

    Please give answer in Yes/No which is very good enough for me. It’s okay if can’t answer this way.

  • 105377271 : [undefined]

  • Cow Moo-ney OP LightWhat : Sorry. i don’t have an answer to that question. I don’t predict whether the market will go up or down this week. If it goes up, I trade the upside. If it goes down, I trade the downside. Let the market makers decide the direction, and we follow behind

  • kettlebell LightWhat : if they can answer you they won't, because they will keep it secret and profit off it... only god knows where the market is headed

  • 104175567 kettlebell : TA is useless for us market index such as S&P500, all your strategies are useless in the long run, just buy and hold it and you will protect yourself from your eroding purchasing power, just ask this question to yourself all of you who posted wonderful analysis, show us your yearly return vs S&P, don't cheat, if you say your return is 30% a year, is it all your capital? if you are holding your cash sideways trying to time the market then that's not your real return, that's why people are staying poor listening all the so called experts

  • 104175567 : and I would say, you need to have a continuous cash flow to keep flowing into S&P otherwise it's also damaging to your psychology because it's designed that way that people will give up when they see their holdings went down 40-50% in S&P when they supposed to keep topping it up, there's no choice, we are all enslaved by the system

  • 104175567 : so it's up to you whether you want to keep listening to analysis and see all your savings eroded by the printing of money or you hold the real money i.e. S&P and GLD, in the long run the dollar you have now can only buy a cup of coffee when right now you can have a meal with it, that's why you stay poor listening and stay sidelines, all news just want you to stay out of real money and people follow it, they think the end of world is tomorrow, if it does then what? the money printer will starts again and it will make you poor because all you believe is cash and cash

Successful investing is about managing risk, not avoiding it. DYODD Support my YouTube channel: Jay el
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