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NQ Weak On Facebook Heat

Published 03/19/2018, 09:15 AM
Updated 07/09/2023, 06:31 AM

I can only assume you follow me on Twitter (if you don’t, here’s the link), and last week I offered up this gem to my good followers:

NQ Chart

Well, Mamie Eisenhower is apparently a loyal SlopeCharts user (all the more remarkable that she died almost forty years ago), but we’ve got our break:

NQ Chart

Indeed, there’s red all over the place. Ostensibly, the reason for the NQ weakness is that Facebook (NASDAQ:FB) is catching a lot of heat. I seriously puzzle over Facebook. Apparently everyone in the country is logged on to it constantly, but I cannot help but ask…………why? What’s the point? Why bother? I check it out, grand total, maybe two minutes per week, and most of that is to maybe put a post into the Slope page there.

Anyway, as my PLUS users know, I’ve been speculating about something apocalyptic (however unlikely), so the balance of this month should be, well, worth sticking around for.

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FYI- Tim is 0 for 173 on his attempts to short the market.
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