Not. We go up before we go down. We are gonna go up another couple percent. Don't want the millstones to go dry. You gotta have grist for the mills. The bond yields definitely show the dflationary trend however.....
Bounce then another gut wrenching drop in a week. We're going to high 900's in the spoos. My guess. Long is the word for the wicked short covering spike. I already covered alot but held long over the weekend for the gap and trap up before the next takedown.....
Bounced nicely today and gutless as I am I took a lot of money off the table because in my mind it is a coin toss over the weekend as to the action next week and I was waaaay to long too long.
Now to start drinking. Gnarly week.....
I fixed it for you. Gut check. Anybody can think this shit through how many have the cajones to ante up? Money is being made NOW cowboy and will for awhile. Volatility is up.....
Yeah I bought a lot and am underwater but that's the issue here isn't it----waterfall selloff. Because if people continue to sell as the pops hit to get out even or participate in the shortside then boom. I am a classic always right always early trader so beware. Short early long early...........
We're gonna tag the low of May 6th. 50% fib exactly as I type. Downward momentum hence the hubbub re: short selling. We closed the gap from May 9th and we're making lower highs and lows. Could 1100 ish be the low for tomorrow---could be. Is that the low for a week? Could be but we're headed...
This thing just went thud in the dirt but no explosion. At critical support. All you buy the dippers take one for the gipper and don't be a flipper. Be hip and slip 'er the tip.
Take the last 2 weeks for instance and just multiply the daily range by a factor of 1-10 and it looks like any other day. But what f's up the fractal argument is RTH.