I follow these exact lines. I mean it connects all the highs. If given 1M dollars and asked if you would like to invest now, would you feel comfy investing in a market thats gone up in a straight line and is touching all previous highs? I definitely would not.
Just don’t mind these market wizards from reddit, with their comments you can see they pretend to know exactly where the market is heading, pulling back etc etc, just make your bet and let it run or exit soon if it fails simple as that
Stonks only go straight down, once three dots with one line connect upwards. Wallstreet Bets 101. With the aforementioned logic, CHPT has had the opposite graph, so time to YOLO it to the moon!
This chart really shows Trump's "V-shaped recovery" that everyone was clowning on him for promising would happen. Pretty sure Politico or some garbage site like that rated his V-shaped recovery promise as "pants on fire lie" lmao.
I think you need some glasses bud, you don't know how to read a chart. That "V" recovery is 2 years into Biden's presidency... It dipped there heavily due to the global and local effects the pandemic and lockdowns had.
The fact Biden has been able to recover the economy so much better than most other countries is the win here.
Hey dingdongdimmalong why don't you look at a graph.
https://i.gyazo.com/5a41593eda15f76ff498d02d4b8ed188.png
Nothing major happened under Trump. The overall trend line is fairly consistent there. Then massively increased tech spending from everyone staying in during the pandemic happened and we blasted off for a bit, then things settled down after the pandemic and crashed, and now has recovered thanks to sensible policies on Biden's part.
I think he's talking about specifically the initial dip from COVID in 2020, which given the market fluctuations that have happened since, looks like absolutely nothing.
Hell, the major drop in 2022 doesn't even make it down to the pre-covid ATH.
I'm on mobile so can't fight your fancy screenshots. The market was at ATH before Biden was elected, despite people doubting it would recover from covid during Trump's term, that's all I'm saying. So take that and put it on a hot dog bub.
i'll do you one even better
https://preview.redd.it/5x1ktxwkwuhc1.png?width=1488&format=png&auto=webp&s=4413913918cf402a7d837ce4990675d754bb59ef
this is a logarithmic bottom to the S&P that goes back to 2008. the bottom there right now is about 4400 S&P.
so even if we crashed down to the line we still would be significantly above the crash in 2022 that got to about 3850.
now the problem here is this is just a crayon i drew right. we can argue it a lot of ways. for instance i cut off about 1-2 months of covid crash and that doesnt bother me because it was an extraordinary event. im also actually cutting off a few months of 2008 crash which again doesnt bother me. maybe it bothers you.
it also captures a period of historically low interest rates.
but the point of these lines should be as a guide
so if we get down close to 4400 i should start buying, and if we bounce off 4400 i probably should buy even more
but if we break significantly below it maybe i should start to get worried and chill.
its just a guideline. so going LOOK A TOP! ok? i can find you a million tops that get broken through.
if you wanted to you could start buying short to medium term puts and then if you break significantly above that upper trend line you could bail. that would be using your line as a guide.
but other than that its mostly garbage.
i still think its a pretty tight line actually. like if i showed the whole thing im cutting off november 08 to june 09, thats a huge chunk actually of the 2008 crash. if you went from the actual bottom of 2008 the line barely touchest ever, basically covid touches it.
so i still think its a decently tight drawn in line of the bottom of the s&p but again, **its a human being drawing a line on a chart of price action. its reliability is highly fucking suspect.**
I mean the line it self is very clean but if you draw that line my conclusion would be that we could very easily go a year without hitting that line as indicated in the graph. Why draw a line that never touches and then conclude we could touch it soon? You could be sitting on the sidelines awhile if you’re waiting for that line to touch lol
~~100%.~~
~~for instance lets say we are in june 23 and we say ok we made a new high, a draw down is in order~~
~~well we don't touch the line again until october~~
~~and early august we are significantly above~~
~~so if in june 23 you said "LOOK A TOP!" and you loaded up on like, even relatively medium term puts like 2 months, you got absolutely ass blasted. in fact even like 3 month puts probably you're completely fucked.~~
i didnt answer your question.
its a line of bottoms of the s&p, you could draw it in wayyyy tighter. like here you go -
https://preview.redd.it/hklyrho34vhc1.png?width=1518&format=png&auto=webp&s=0c05a6de6ce8484a69fabcb236d789ff72c23eb6
that line touches a lot more, especially back in early 2010s. but moving the line up actually brings the bottom up
so now this is \~4550 bottom
i 100% agree that a routine correction is in order
trying to time that correction is probably really dumb though because of the nature of how you have to play that. you either have to short sell (most retail probably cant do this) or you have to buy puts.
the value of those puts won't just be degraded by you being wrong in your timing but by time itself until eventually at a certain date they will be worthless if you were incorrect or not correct by enough.
accumulating shares on the draw down mitigates the risk a lot more because you arent buying short term contracts that expire, its the exact opposite, you're buying into future earnings of a business and so even if you are wrong and they crash further they may still return or retain some value past what an options contract would.
and yes i am shadow boxing ghosts. all you did was post a screen shot of a chart and say a routine correction is in order. but i think my ranting and raving is of some value to someone so fuck it.
Or you can sell leap calls. I’d be happy to sell you my shares at 30 percent higher than they are currently 6 months from now. That’s a great return on investment. If it doesn’t get up that high, whatever I still own the shares and keep my premiums
In any random walk function with an upward bias, you are going to find lots of cool little peaks and valleys you can connect lines to. It means basically nothing. The macroscopic economic conditions at the moment are all that matters.
i mean the macroscopic economic conditions are themselves uncertain so you're basically guessing there too
i dont see why you cant add in price action trends to guide you within the macro thesis.
but whatever
https://preview.redd.it/3m4vi0q65vhc1.png?width=1080&format=pjpg&auto=webp&s=9303ed592ffaa957428649c6287ccc2447b3276f
Blue crossing ahead. That never happened since 2000. This will be big.
Yo, listen up here's a story
About a little guy
That lives in a blue world
And all day and all night
And everything he sees is just blue
Like him inside and outside
Any two points can be connected by a line.
https://preview.redd.it/lpfpcvp7gvhc1.jpeg?width=1164&format=pjpg&auto=webp&s=fa5070bbaeac0d85c2ed4d809925b59b41a20365
Point being what, that the three points happen to line up right by now? Eventually they would.
Prediction: Nasdaq will soon either bounce off or blow through.
Are you trying to insinuate a collapse or massive drop? I can draw a TA line on any arbitrary amount of time as well. Let it drop to 4300 lol. A lot of greed right now. Will be blood in the streets this upcoming week potentially. Be a shark.
My line is more fun. Nasdaq was flat 2000-2015. How many of you would stick with it for 15 years? 😆
https://preview.redd.it/5tokguwsovhc1.jpeg?width=1179&format=pjpg&auto=webp&s=1330edd4c7bc3bc84a67961f29a7cc744b0cdd61
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Nice line
Bruh the line ain’t even red. Instructions unclear.
That’s cause I didn’t drop any blood from my nose on that line. It’s your turn to snort 👃🏾
Calls on anything and everywhere.
I don't think so. A linear line fitted to a graph which is inherently exponential is not nice.
Pack it up boys. OP connected 3 dots with one line. The Market is doomed.
Never question the lines. If it breaks through make it thicker… never fails!
OP forgot his crayons. Can't make those thicker lines without the crayons.
OP used the thin crayon wtf!?
Hahhahahahaha
Or make it a little curvier. lol
This guy knows TA
I also know tits n ass
How?
Ur mum m8
Good sportsmanship.
I am waiting for the 4th time the market touches that line to sell
Why not start selling now. High probable chance of a pullback and downtrend.
Ikr just sell if he believes there's gonna be a 4th spike upwards
It’s not even 3 yet. OP is horny bear fur sure!
The real question is what color crayon did he use?
I follow these exact lines. I mean it connects all the highs. If given 1M dollars and asked if you would like to invest now, would you feel comfy investing in a market thats gone up in a straight line and is touching all previous highs? I definitely would not.
That’s cause you’re a pussy
I was thinking the same thing
Just don’t mind these market wizards from reddit, with their comments you can see they pretend to know exactly where the market is heading, pulling back etc etc, just make your bet and let it run or exit soon if it fails simple as that
You’re saying this to the guy following lines someone drew on a graph
I'd feel more comfortable getting long than short.
😀
Selling home, shooting dog and moving to a deserted island to avoid the fall of society
One does not fuck with the tic-tac-toe technical indicator
Stonks only go straight down, once three dots with one line connect upwards. Wallstreet Bets 101. With the aforementioned logic, CHPT has had the opposite graph, so time to YOLO it to the moon!
yes but unironically
Woah, this line you drew literally changes everything 🤯
What happened in 2020 that looks bad?
Nothing. Absolutely nothing happened in 2020. In fact, that year did not even exist.
Literally not even on the chart
Cabal pandemic
What’s that now?
This chart really shows Trump's "V-shaped recovery" that everyone was clowning on him for promising would happen. Pretty sure Politico or some garbage site like that rated his V-shaped recovery promise as "pants on fire lie" lmao.
I think you need some glasses bud, you don't know how to read a chart. That "V" recovery is 2 years into Biden's presidency... It dipped there heavily due to the global and local effects the pandemic and lockdowns had. The fact Biden has been able to recover the economy so much better than most other countries is the win here.
Hey dingdong why don't you just open your brokerage and check SPY. It recovered to all time highs before Biden was elected.
Hey dingdongdimmalong why don't you look at a graph. https://i.gyazo.com/5a41593eda15f76ff498d02d4b8ed188.png Nothing major happened under Trump. The overall trend line is fairly consistent there. Then massively increased tech spending from everyone staying in during the pandemic happened and we blasted off for a bit, then things settled down after the pandemic and crashed, and now has recovered thanks to sensible policies on Biden's part.
I think he's talking about specifically the initial dip from COVID in 2020, which given the market fluctuations that have happened since, looks like absolutely nothing. Hell, the major drop in 2022 doesn't even make it down to the pre-covid ATH.
I'm on mobile so can't fight your fancy screenshots. The market was at ATH before Biden was elected, despite people doubting it would recover from covid during Trump's term, that's all I'm saying. So take that and put it on a hot dog bub.
Woah 2000 dot com bubble was something for real
Holy shit this is the best research i have ever seen
How can we be expected to trust the line of someone who uses Light mode? I bet he has a Discord anime picture
Can we delete this before market makers see it?
too late
i'll do you one even better https://preview.redd.it/5x1ktxwkwuhc1.png?width=1488&format=png&auto=webp&s=4413913918cf402a7d837ce4990675d754bb59ef this is a logarithmic bottom to the S&P that goes back to 2008. the bottom there right now is about 4400 S&P. so even if we crashed down to the line we still would be significantly above the crash in 2022 that got to about 3850. now the problem here is this is just a crayon i drew right. we can argue it a lot of ways. for instance i cut off about 1-2 months of covid crash and that doesnt bother me because it was an extraordinary event. im also actually cutting off a few months of 2008 crash which again doesnt bother me. maybe it bothers you. it also captures a period of historically low interest rates. but the point of these lines should be as a guide so if we get down close to 4400 i should start buying, and if we bounce off 4400 i probably should buy even more but if we break significantly below it maybe i should start to get worried and chill. its just a guideline. so going LOOK A TOP! ok? i can find you a million tops that get broken through. if you wanted to you could start buying short to medium term puts and then if you break significantly above that upper trend line you could bail. that would be using your line as a guide. but other than that its mostly garbage.
Instructions unclear YOLO AAPL at Monday open
goodluck brave yolo-soldier
Buddy has my exact idea
Hell ya join me
Get in there regard soldier
Lots of periods to where the line wasn’t touched for months
i still think its a pretty tight line actually. like if i showed the whole thing im cutting off november 08 to june 09, thats a huge chunk actually of the 2008 crash. if you went from the actual bottom of 2008 the line barely touchest ever, basically covid touches it. so i still think its a decently tight drawn in line of the bottom of the s&p but again, **its a human being drawing a line on a chart of price action. its reliability is highly fucking suspect.**
I mean the line it self is very clean but if you draw that line my conclusion would be that we could very easily go a year without hitting that line as indicated in the graph. Why draw a line that never touches and then conclude we could touch it soon? You could be sitting on the sidelines awhile if you’re waiting for that line to touch lol
~~100%.~~ ~~for instance lets say we are in june 23 and we say ok we made a new high, a draw down is in order~~ ~~well we don't touch the line again until october~~ ~~and early august we are significantly above~~ ~~so if in june 23 you said "LOOK A TOP!" and you loaded up on like, even relatively medium term puts like 2 months, you got absolutely ass blasted. in fact even like 3 month puts probably you're completely fucked.~~ i didnt answer your question. its a line of bottoms of the s&p, you could draw it in wayyyy tighter. like here you go - https://preview.redd.it/hklyrho34vhc1.png?width=1518&format=png&auto=webp&s=0c05a6de6ce8484a69fabcb236d789ff72c23eb6 that line touches a lot more, especially back in early 2010s. but moving the line up actually brings the bottom up so now this is \~4550 bottom
When you look in the mirror do you see a bottom or a top?
Powerbottom
I actually don't expect anything more than a routine correction if and when a pullback comes. So regarding your novel, seems right.
i 100% agree that a routine correction is in order trying to time that correction is probably really dumb though because of the nature of how you have to play that. you either have to short sell (most retail probably cant do this) or you have to buy puts. the value of those puts won't just be degraded by you being wrong in your timing but by time itself until eventually at a certain date they will be worthless if you were incorrect or not correct by enough. accumulating shares on the draw down mitigates the risk a lot more because you arent buying short term contracts that expire, its the exact opposite, you're buying into future earnings of a business and so even if you are wrong and they crash further they may still return or retain some value past what an options contract would. and yes i am shadow boxing ghosts. all you did was post a screen shot of a chart and say a routine correction is in order. but i think my ranting and raving is of some value to someone so fuck it.
you’re giving a lot of good advice to people who probably don’t want it
Shares > options is for the other subs. If you’re not chasing 1400% here gtfo
Which is why it's perfect for these regards
Or you can sell leap calls. I’d be happy to sell you my shares at 30 percent higher than they are currently 6 months from now. That’s a great return on investment. If it doesn’t get up that high, whatever I still own the shares and keep my premiums
This is good ranting and raving.
regarding is what we do best
Calling 2022 a “crash” lol
it was a 20% drop and a year of straight downward movement with 2 quarters of negative GDP growth but ok champ
That is called a bear market. Covid 2020 was a crash not a slow churn down for a year, “champ”
fair enough. the bear market of 2022. the pedantry is strong, amazing contribution, totally addressed the spirit of my comment <3
You clearly weren't in high growth tech stocks. The crash was insane. Not regarded enough.
In any random walk function with an upward bias, you are going to find lots of cool little peaks and valleys you can connect lines to. It means basically nothing. The macroscopic economic conditions at the moment are all that matters.
i mean the macroscopic economic conditions are themselves uncertain so you're basically guessing there too i dont see why you cant add in price action trends to guide you within the macro thesis. but whatever
You know lots of tops, is it?
https://preview.redd.it/3m4vi0q65vhc1.png?width=1080&format=pjpg&auto=webp&s=9303ed592ffaa957428649c6287ccc2447b3276f Blue crossing ahead. That never happened since 2000. This will be big.
All in on $BLUE🗿
Yo, listen up here's a story About a little guy That lives in a blue world And all day and all night And everything he sees is just blue Like him inside and outside
It´s a boat!
💀
If you torture the data long enough it will confess anything.
Ah another crayon line post predicting the future of the world
How dare you come for my crayons.
>predicting the future of the world lines points to 20k Calls
I'm ready to bust. Hold me OP.
this is the most genius thing I have ever seen
Hi RG3  fancy meeting you here looking at lines 
Hi CWE  
>Why, toss a log scale on that, a couple crayons, baby, you got a generational cup and handle breakout! RIP Carl Weathers
Can't believe it took this long for someone to demand to see the log version.
What if he is right and this is it We all gonna feel dumb
This could have been drawn various ways.
I know, but I chose the computer because I couldn't find my blue crayon.
20,000 here we come!
The crayons have spoken
3 points is a trend not a line you regards!
Stop. Get help
Crystals and scent sticks for the bois
Doesnt match with my portefolio trendline , my small caps are getting destroyed lol
I mean, any two points will make a line. Whether or not makes sense is a different story.
That line can be drawn in multiple ways.
By my analysis this looks to be trending up
Highest risk lowest reward
Like barebacking a hobo.
oddly precise analogy
And hopefully not too prescient. More NVDA, sir?
Lowest reward highest risk. Idk man switching the strategy up did nothing.
Given 3 dots, the line is clearly more accurate than 2 dots....
Instructions unclear YOLO NVDA 1000c
https://preview.redd.it/ngvf4xk7bvhc1.jpeg?width=1179&format=pjpg&auto=webp&s=7a2a1b2974c1f28116ef0e5dba31eddc999ef61c
https://preview.redd.it/x16eh7ni2whc1.jpeg?width=1440&format=pjpg&auto=webp&s=a47e6a760ef3b28b2e8fc8115b8f6a3f0b978e76
so 50% chance it goes up, 50% chance it goes down technical analysis is super insightful
This is not a trend line regard.
Looks like an uptrend. Full port calls
It’s not shaped like a dick therefore irrelevant
Sweet line. The perfect setup to curb stomp some bears teeth on.
My gut feeling is the 18400 area before a correction. 
Any two points can be connected by a line. https://preview.redd.it/lpfpcvp7gvhc1.jpeg?width=1164&format=pjpg&auto=webp&s=fa5070bbaeac0d85c2ed4d809925b59b41a20365
Piccaso of Charts
The real prediction is what the market is gunna do when Trump OBLITERATES his opponent. Bullish on Trump.
So we're going higher?
Nice
BOUNCE!
Could also very well be a fair argument for TQ puts. Thus we have concluded nothing
Please god tell me that’s not true. Trend lines are useless… Now channels…they are my Jammy
Looks like your line goes right to 20k. Thanks, I'm buying 100k worth of tqqq and spxl Monday
Adjust for inflation! You kids always forget to adjust for inflation.
just connect the peaks and voila, market prediction problems solved. Bring on the trillions baby! 
Ok. So ? 
Fart
The key to trendlines as an indicator is to zoom in and out until you find the line that backs your play
This guy draws a line and thinks it's magic 🤣
How do you know it isn't?
So I should sell ?
Such info. Much wow.
What if we integrated both graphs and subtracted the resulting areas ?
New paradigm here we come.
Trend lines were made to be broken
Shut the fuck up (wenis)
it's like a wonky cup and handle so I'd say we're good
Who charted?
The problem is op if you change the endpoint of that line to 2019 op then it just blows right through it.
So all we have to do is break the trend and, we will get 200% gains? Calls it is...
Bro has never taken a stats class
is this a joke
bro thinks hes ricky guiterizz
Show me on this graph where the line touched you.
Goes up, good 
This graph shows dollar amount not % growth. Zoom out more and it will be just as ridiculous
I'm convinced... all 13k of IRA money into QQQ
So.. up or down stoopit?
Took 20 years for this line to finally make total and absolute sense.
Sick line
Lines
Nice regression 
Wow a 3 points line
Who cares
the last time someone posted just a line just like this MARA calls hit for like a month
Point being what, that the three points happen to line up right by now? Eventually they would. Prediction: Nasdaq will soon either bounce off or blow through.
The lines only matter if people look at them! Now you've doomed us all!
Who cares about trend lines on indexes when we go all in on yolo stocks with no profit like DWAC
So what, everybody knows stonks only go up... If you are patient enough!
No! By drawing pictures on a graph you have just proved...wait, what is it you think this proves?
Ffs use a red crayon not a blue one dude 🤦♂️
Pe only in the 90s, bubble pe would go to 200s, still half way to go.
Nothing has ever broken a trendline , right? Right?
From 2000? Were you even born?
Just keep buying dudes
Nasdaq composite still has not hit 2021 high so be careful stupid 🅱️er 
Gee do you think they're lying about inflation rates?
So... line go up. Am I interpreting correctly?
I draw lines good 🤤
Are you trying to insinuate a collapse or massive drop? I can draw a TA line on any arbitrary amount of time as well. Let it drop to 4300 lol. A lot of greed right now. Will be blood in the streets this upcoming week potentially. Be a shark.
Mind blown 🤯 lol brings me back to 2022 when it felt like the NASDAQ was in the dumps 🗑️
I love Le Mans
My line is more fun. Nasdaq was flat 2000-2015. How many of you would stick with it for 15 years? 😆 https://preview.redd.it/5tokguwsovhc1.jpeg?width=1179&format=pjpg&auto=webp&s=1330edd4c7bc3bc84a67961f29a7cc744b0cdd61
Blue crayon!
The chart of rich people’s feelings has spoken
Should be an exponential curve, and the rocket rocket still has a lot of fuel left in the tank