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Woke up...
To be honest, putting emotions aside, Thursday's performance was indeed beyond my expectations.
I originally thought it would at least rise for a whole day, and that the pullback would start next week.
In reality, just as I deduced using simple "natural logic" before the earnings report, NVDA's earnings report was merely a known resistance in the downward process.
It is not the end of the decline, but rather it hindered the market's continued drop.
Because everyone knows its earnings report is good; you know, I know, and Jensen Huang knows.
So the bears didn't dare to act recklessly before Thursday, they just let it drop a bit and then held steady.
Once the earnings report was out, the real bears might have just entered the market. Institutions shorting became even more unrestrained—this is also the reason for "sell the news."
After NVDA's earnings report, it surged 5%, then gave back all the gains, indicating that these bears had been positioned for a long time, waiting for this day.
The only difference is that if the earnings beat, they let you in first, and then sell;
If the earnings miss, then it would directly open down before Thursday's market.
Please note, this is not because I am a bear's afterthought; this is the natural reasoning of "simple logic." Please learn this.
According to differential geometry and fractal theory, the second phase of a pullback should at least drop by an integer multiple of the first phase.
So SPY should at least see another 5% drop.
Additionally, when the market drops, Goldman Sachs provided "nine reasons" for the market's decline.
They mentioned things like "good news is all out," private credit, CTA acceleration, liquidity exhaustion, etc., things that even interns could write.
I really want to laugh to death.
I can clearly tell you that out of these nine reasons, probably only one is true, and most likely none are.
They publish reasons after the drop; such articles are meant for retail investors.
Someone previously said that I should be the CEO of an investment bank for being bearish on the market before the earnings report and shorting NVDA.
Now you realize that these big investment bank CEOs,
At least what they write,
And the interns they hire,
Might actually not be as good as us...
Thank you all.
@BitTokenCat2100 If it really breaks down, meta will have to go to 300 this time.
Meta is just a gambling company, going all in whenever it sees an opportunity.
Perfectly matches the risk appetite of the small gambling institutions on Wall Street.
@BitTokenCat2100 Most of the talents cultivated by the company are all just gamblers.
Let's wait and see what happens to them.
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