Fake
Deeper we goI started looking at my TOS and setting up my alerts for tomorrow. When I noticed the spy chart at 5 min. intervals... wow.
In TOS it shows all the pre-post market data... the two W's of last Wednesday then today look remarkably similar.
It seems like such an obvious flag to me.
There is a bottom.... It's just not here.Every month there this point... Almost like a lunar cycle, where the army of optimists run out from under their cover to catch the enemy's blade. But not unlike the charge of the Light Brigade...the clearing smoke will uncover the carnage.
As I said yesterday. We are in for some crazy days. But let's not think we can see things others can't. And don't be fooled by the first break above the main trend (when it happens). When it breaks, the ripple will roar... You will hear the whistle and calls to clear the trench. The enemy is smart and has proven his ability to play the long game. I expect we will see a few false starts, all will look like visions when they happen. Just beware... some of those visions are from the mustard gas.
I know there are a few who made some bucks today.. Nice job! I know a few were ready at morning light. As for my account, it is worth less today, but it's worth more than last month.. and more than the month before that. So I'll be over there watching the circus. If you think the drop to the 40s was a show. Wait till you see the show for the 20s.. Camels on the horizon... Is that Sir Lawrence?? Or is it anouther under that sheet??
I'm short to sub 20
Bulls not holdingAfter a first attempt to breakout on the triangle, bulls have not been holding their position and this two last days have shown that correction is not over yet. Is it maybe the beginning of a new long term trade ? I thought that we were heading north (see my related idea) but this two last days have been deceiving.
First target on the 420's and down to 400.
Stop on the 465's zone.
