Suncor - A Tale of Two Traps
Updated
For 20 years, the market has never had anything but dips to buy. Even the 2008 "Financial Crisis" was just a dip to buy. Even the March illusion of a pandemic was just a dip to buy. However, a pendulum always swings from one side to another. What throws people off and makes trading so difficult is that you can know:
But what you don't know is when the market is going to do it. Only the makers know that, and that's why they're rich and retail is not.
But, one thing you should be clear on is that this is the end of the line and the party is over. The world is not in good shape. Trouble is only just beginning, and it won't be a brief flash in the pan this time.
The presence of a huge number of people practicing socialism (Communism) all over North America, and the world, has already shown itself to be a huge problem to the future of this world, and is about to show its economic consequences. After all, the biggest players can trade short and make even more money than they do during bull runs, while everyone's portfolio, 401K, and life savings gets wiped out.
The ultimate purpose is to cause people to capitulate their holdings at the bottom, actualizing huge losses that cannot be regained.
Once you're poor, you're easy to buy off. Once you're poor, people will do anything, including betray their friends, family, and country. In all the other areas of the world where poverty is common, prostitution, arms, and drugs all become booming industries. What else are people going to do when they need to eat?
That is, unfortunately, the endgame for the human race.
But before all good guillotines drop, you must raise the blade high into the air so it can fall in dramatic fashion. That is what our good friend Suncor is about to do, and likely WTI Crude Oil along the way.
So, this is a long trade, but it is a scalp. This isn't for you to pack a bag for your portfolio thinking that you're going to see a new all time high in 12 or 24 months. People are no longer allowed to live like human beings, which means travel has been destroyed, which means the energy industry is in big trouble.
After it is complete, take your profit and stay cash heavy. Consider getting out of the market and buy yourself something nice. Spend some time with your family. Maybe take up meditation or spiritual practice.
When the rivers of blood begin to show themselves in the streets, wait a few months before you start buying.
Every rally will be for suckers and the pullback will be in the 80% range on all asset classes. Perhaps gold and silver will be the only exceptions, in the end.
- Where the market is going
- What direction the market is going
But what you don't know is when the market is going to do it. Only the makers know that, and that's why they're rich and retail is not.
But, one thing you should be clear on is that this is the end of the line and the party is over. The world is not in good shape. Trouble is only just beginning, and it won't be a brief flash in the pan this time.
The presence of a huge number of people practicing socialism (Communism) all over North America, and the world, has already shown itself to be a huge problem to the future of this world, and is about to show its economic consequences. After all, the biggest players can trade short and make even more money than they do during bull runs, while everyone's portfolio, 401K, and life savings gets wiped out.
The ultimate purpose is to cause people to capitulate their holdings at the bottom, actualizing huge losses that cannot be regained.
Once you're poor, you're easy to buy off. Once you're poor, people will do anything, including betray their friends, family, and country. In all the other areas of the world where poverty is common, prostitution, arms, and drugs all become booming industries. What else are people going to do when they need to eat?
That is, unfortunately, the endgame for the human race.
But before all good guillotines drop, you must raise the blade high into the air so it can fall in dramatic fashion. That is what our good friend Suncor is about to do, and likely WTI Crude Oil along the way.
So, this is a long trade, but it is a scalp. This isn't for you to pack a bag for your portfolio thinking that you're going to see a new all time high in 12 or 24 months. People are no longer allowed to live like human beings, which means travel has been destroyed, which means the energy industry is in big trouble.
After it is complete, take your profit and stay cash heavy. Consider getting out of the market and buy yourself something nice. Spend some time with your family. Maybe take up meditation or spiritual practice.
When the rivers of blood begin to show themselves in the streets, wait a few months before you start buying.
Every rally will be for suckers and the pullback will be in the 80% range on all asset classes. Perhaps gold and silver will be the only exceptions, in the end.
Trade active
An opening gap into the top of the box and then a significant bounce into a close over $17. Not sure that there will be any retracement to give additional chances to get long in.Note
Suncor trading away from the box and back to the box is actually a sign of accumulation. Trading to the bottom of the box at ~$16.18 and even to $15.80 is also accumulation. You can buy there, as harry as it looks and feels. Smart money buys when it's red and shorts when its green. Retail shorts when it's red and buys when it's green.Note
Donald Trump contracting Wuhan Pneumonia is a very, very dangerous situation not only in the market, but in the world. At any time, a gap can come and the gap may be 20, 30, 40 percent or even more. A lot of groups and entities make tremendous money during crisis.
Unfortunately, you are not one of them. You only make money getting long and hitting the jackpot like you're at the casino.
Be careful.
Note
If you buy the bull trap, you'll die. If you sold the bear trap, that's not so bad by comparison. Now is not the time to be "investing". Now is the time to be moving out of the market and getting away from the sharks (whales) circling.
There are more important things in life than gambling. Fame and material gain are short lived. It's not like you even live in a world where you can spend your money on anything now.
Borders will be closed until the socialists are eliminated, which will take years, if it ever happens, which means travel is permanently off the board.
Time to ask yourselves one simple question: "What did I come to Planet Earth for?"
Note
Comment: Now that a socialist who both he and his son are controlled by the Chinese Community Party controls the White House, the next stage of "the plan" begins.If you are thinking that socialist policies will bring you happiness now that Donald Trump is gone, then I'd say your conscience and your sense of justice are rotten. Not to mention you're a total moron.
Sell Suncor over $20. It's going there.
Trade closed: target reached
$24.40 is close enough. If you have faith in "The Plan" as the Socialist Network calls it, if you have faith in the Davos World Economic Forum's Great Reset and the Chinese Communist Party behind it, you and your family are going to endure a future that is, frankly, unbearably miserable.
Be careful, humans. Global Communism is nothing resembling a utopia. It also won't last very long before man made disasters cause nothing but anguish and lament.
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