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INTERVIEW: WILL HUNTING
Will shares his experiences of 16 years in the markets, how he lost two years' profits in two days, the golden era of FX forums and the importance of mastering just one thing.
JIM TALBOT: IT’S NOT LOOKING GOOD BRUV
There are some alarm bells ringing on equities that lead me to believe that might have been the high of this move and that the next move down could be a significant one.
The main protagonist in question is AAPL, with an index weight of around 6 to 7%.
The weekly structure looks horrific, to put it bluntly. RSI like this, with price already breaking down, is cause for concern.
It looks like it's on the edge of the cliff and expansion could be violent.
Based on this weekly structure, I think sub-110 is a respectable target. The strength needed to reverse the momentum back to the upside is high.
Looking across the board, we see similar structures with AMZN, TSLA, COIN etc, all look like momentum is about to accelerate to the downside.
Not sure we get such moves before the new year but I’m expecting downside across the board over the coming weeks.
Targets for S&P and NQ are as follows:
Retesting pre-covid breakdown is a fairly conservative target but a logical one. I could actually see lower, but we’ll take it level to level, and I would expect that level to give a reaction.
-Jim
CBS: ON ART AND AI
Let’s start with the core question, is AI art actually art?
There is an ongoing debate about whether AI-generated art can truly be considered "art" in the same way that human-created art is. Some argue that AI-generated art lacks the creativity and uniqueness of its human-created counterpart and that it is simply the product of algorithms and programming. Others insist that AI-generated art can be just as creative and unique as human-created art and that it represents a new form of artistic expression.
Important to note that AI art isn’t a “new” trend, it was actually created decades ago.
In the new era of sharing AI conversations, responses and creations we’ve seen a shift back to this form of art and an increase in discussion around its label of “art.”
Sotheby’s and Christie’s have both sold AI artwork in the past 5 years. In 2018 Christie’s sold the French collective Obvious for $432,500, more than 10x the high-value of $10,000.
Demand is clearly there, but discussions rumble on over the authenticity of the pieces. There will always be a divide on the classification of “real” art, which extends past the discussion of AI, this just happens to be the latest topic bringing the discussion back to the front.
In summary, AI processes have seen a huge trend increase in recent months, but the process has been around for decades.
Whether or not you believe AI art to be “real” art is a subjective point, one which applies to art as a whole, not just this specific niche.
As long as the trend for AI remains strong, AI art will continue to draw attention.
If you want more information on AI art, I think that Claire Silver is a wonderful voice in the space. As someone who is incredibly well-versed in the art world and an artist who uses AI, she has a very fair and honest take on the space as a whole.
You can also check out this great post from NFTNow with a Top 5 list of some great artists and their application of AI.
-CBS