Commemorative
Enduring value guardianEvery sharp drop follows a similar script:
On Monday and Tuesday, everyone is panicked and thinks it's going to fall, but it surges instead.
On Wednesday, it really does fall, and with Broadcom as the trigger, it continues to plummet after hours.
On Thursday, it surges back fiercely. Just when everyone thinks the one-day correction is over, it sets a trap—a bull trap.
On Friday, the real sharp decline begins, with a violent deleveraging that buries everyone who tried to buy the dip.
Some price movements aren't part of a script; they are a result of resonance between the market and its participants$Invesco QQQ Trust(QQQ.US)$Direxion Semicon Bear 3X(SOXS.US)
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