Taste of reality. I even got mine. This is almost EXACTLY what happened in 2000. Timing and everything. Amazing.
Just stop it with that. Being biased in 1 direction or another at the moment is suicide. BTW you were wrong for NOV and right now DEC isn't looking like any new highs will be taking place either.
The ability to take money, consistently, out of the markets has absolutely nothing to do with predicting market direction. Another way of describing this way of thinking is akin to fools gold
Problem is anytime the market looks like it is going down the bent Fed comes in like clockwork to stop this happening. Big positions take time to unwind so the Fed string pullers need to buy time and keep the propaganda machine cranking so that they can liquidate onto the CNBC viewing sheep. Also lower rates means higher Toxic waste prices and it also buys time for technically insolvent banks negative equity situations to be resolved. The Fed should be abolished, otr at least cut out a swathe of middleman salaries and benefits and a lot of deception.
All I can say is I see shorts going in Friday. Great place to get short as it seems, 50ema/trendline/fib ambush zone/structure resistance/. Notice it did break those only to be rejected, another reason I think those were shorts going in on an upthrust. I'll be amazed if Monday is green, but I'll be ready to trade either way. If the above mentioned resistance cluster breaks with buyers we could get a HUGE rally.
Technical is still weak (however did get an initial buy from the MA's), but fundamental weak. Sell signal hasn't been triggered for the downside however Im not in willing to play the upside quite yet. I dont get a break down that's fine, however If I do i'll be more tahn ready for it. If we then get a break to new highs i'll cover and stay neutral.