Bear Will Growl Again
Updated
It ain't over folks. I see so much hopium and happy nonsense every day here. It ain't getting any higher. Stop smoking weed and sit up straight!
Fact: No bear has ever ended with VIX <40. Ain't been north of 36 yet.
Fact: Y2K bubble ended on a 900+ day bear. This one looks a lot like it, and is not half done yet, only 420+ days into it.
Fact: Inflation remains unchecked after hiking rates nine times.
Fact: PEs are lower and outlook has been cloudy at best. SPX at 4K PE is 21+ >> historic mean 16; median 15; stonks is overvalued and ERs point to contracting not growing. Real simple math: 21-16 = 5/15 => 30% discount coming. 4K*(-0.30) = (-1.2k) SPX is going to 3K, target 2800-3200.
Fact: We are in QT NOT QE. Cost of making things, doing things, living is HIGHER and not going lower. Everything else is foolish hopium.
Hopium: Tesla is going back to the Moon!! The silly euphoria returning to tech darlings is another warning sign.
LOL Look at the retracements. Market stands at 50% retrace, and Tesla has got back to 50% of $400. Ripe for a short IMO.
All is ready for the final massive dump into the crapper. If you don't 'feel comfy' selling short then GTFO and get in cash. GLTA, ur gonna need it.
Fact: No bear has ever ended with VIX <40. Ain't been north of 36 yet.
Fact: Y2K bubble ended on a 900+ day bear. This one looks a lot like it, and is not half done yet, only 420+ days into it.
Fact: Inflation remains unchecked after hiking rates nine times.
Fact: PEs are lower and outlook has been cloudy at best. SPX at 4K PE is 21+ >> historic mean 16; median 15; stonks is overvalued and ERs point to contracting not growing. Real simple math: 21-16 = 5/15 => 30% discount coming. 4K*(-0.30) = (-1.2k) SPX is going to 3K, target 2800-3200.
Fact: We are in QT NOT QE. Cost of making things, doing things, living is HIGHER and not going lower. Everything else is foolish hopium.
Hopium: Tesla is going back to the Moon!! The silly euphoria returning to tech darlings is another warning sign.
LOL Look at the retracements. Market stands at 50% retrace, and Tesla has got back to 50% of $400. Ripe for a short IMO.
All is ready for the final massive dump into the crapper. If you don't 'feel comfy' selling short then GTFO and get in cash. GLTA, ur gonna need it.
Note
People say, "Sawbucks you said mean things to me you made me cry!" LOL. You gonna cry harder when the bad man at the stonk market takes your money. I the only friend you got in this shitty trading world, I tell it like I see it and don't hold back. Stonks gonna crash and the babies that get in now will get thrown out with the bathwater.Trade active
Sour hour took back evry penny gained in the day. Could be in for a deeper dig real soon.Note
Six consecutive days down due for a bounce ought to see 408 +/-2 on spy within a week; then more grind.Note
Ain't got no bounce in it yet. Might go into free fall.Note
Here we go. Cawls paid again! How high we goin?! Could double top at 4130. Could go to the .62 fib at 4300. Eiter way that will be the end run. More downhill after.
Note
See Three Drives idea. It always gets higher, or lower, than we expect. Third drive = Fifth Wave. Do not be short!Note
Yeah ow bout that. Told ya not to short on Thursday. Now probly a short entry. More chop ahead.
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