Here's how I see it. After 2 flat years or so, the market entered an ascending channel in late 2016. The recent sell off happened after the market got ahead of itself and the channel was violated on the upside. If the bottom of the channel isn't violated, the uptrend remains intact. I've added the red lines to show what I mean.
Outahere
JoinedPosts by Outahere
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14
Stock market turmoil....
by mikeflood indow jones losing 1175 points today, equivalent to 4.60 % ..... same more or less around the world's stock exchanges.
it's like president bush said "wall street got drunk and now it's got a hangover".
i think people went irrational over investing, a correction is needed..
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43
Falcon Heavy
by Coded Logic inthe falcon heavy is set to launch today.
if successful, it will become the most powerful rocket in use (twice as powerful as the delta heavy).. as it's the very first attempt, elon musk has said he thinks there's a 50/50 chance of it not blowing up.
so should be interesting.
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Outahere
It's an old argument, and one that if consistently followed would mean we'd still be huddling in caves and grass huts in Africa.
I agree with Musk: We need to become a space faring species that lives on multiple planets. Sooner or later, an extinction event will happen.
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151
Has Justin Trudeau Finally Eaten Too Many Tide Pods?
by freemindfade incurious what the canadian take is on all this .
i also understand he compared islamic state terrorists to greek, vietnamese & italian migrants?
that one i haven't confirmed yet but sounds wacky if true.
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Outahere
Manila should be called Peopleila.
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151
Has Justin Trudeau Finally Eaten Too Many Tide Pods?
by freemindfade incurious what the canadian take is on all this .
i also understand he compared islamic state terrorists to greek, vietnamese & italian migrants?
that one i haven't confirmed yet but sounds wacky if true.
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Outahere
From now on, Manchester should be called Peoplechester.
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43
Falcon Heavy
by Coded Logic inthe falcon heavy is set to launch today.
if successful, it will become the most powerful rocket in use (twice as powerful as the delta heavy).. as it's the very first attempt, elon musk has said he thinks there's a 50/50 chance of it not blowing up.
so should be interesting.
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Outahere
The US is funding dev of SpaceX? Do you mean as a contract? Or as a subsidy?
And can you cite a source please?
Yes COTS is contract-based, but that isn't what I'm talking about.
The Air Force has dumped some $40 million into methalox engine development at SpaceX. That's just one thing that comes to my mind. And, at the state level, the company has taken subsidies in the past.
Elon has no problem taking government subsidies. He built SolarCity and Tesla with that.
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151
Has Justin Trudeau Finally Eaten Too Many Tide Pods?
by freemindfade incurious what the canadian take is on all this .
i also understand he compared islamic state terrorists to greek, vietnamese & italian migrants?
that one i haven't confirmed yet but sounds wacky if true.
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43
Falcon Heavy
by Coded Logic inthe falcon heavy is set to launch today.
if successful, it will become the most powerful rocket in use (twice as powerful as the delta heavy).. as it's the very first attempt, elon musk has said he thinks there's a 50/50 chance of it not blowing up.
so should be interesting.
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Outahere
and hasn't received a single dime from federal government subsidies.
I wouldn't quite put it that way although maybe it was once true. US Gov IS funding dev of new SpaceX tech these days.
I watched the launch. It was impressive.
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151
Has Justin Trudeau Finally Eaten Too Many Tide Pods?
by freemindfade incurious what the canadian take is on all this .
i also understand he compared islamic state terrorists to greek, vietnamese & italian migrants?
that one i haven't confirmed yet but sounds wacky if true.
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Outahere
Xis approval rating is 37%, despite having the media shill for xim.
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151
Has Justin Trudeau Finally Eaten Too Many Tide Pods?
by freemindfade incurious what the canadian take is on all this .
i also understand he compared islamic state terrorists to greek, vietnamese & italian migrants?
that one i haven't confirmed yet but sounds wacky if true.
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Outahere
He's so handsome and polished though Simon!
But it's trudeau.
The longer he's in office, the sooner comes the Day Of The Rake.
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152
Is Trump Doing Better Than You Thought As President!
by minimus ini know that some here detested him while others may have simply accepted the reality of who is president.. do you think he is better than you might have thought as a president?.
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Outahere
https://www.thestreet.com/story/14309564/1/federal-reserve-system.html
The Federal Reserve May Secretly Want to Sink the Record-Breaking Stock Market