Inflation numbers came back hot. Markets cratered early morning. Down bad. But then not only did they rally back to where they were before, they are now far up for the day. That would indicate to me where they dropped to before coming back up hard is a huge support point. Call it ~3,500 on the SPX. So if it gets back down to a bit above that level, might be a good buy time, unless the market goes below that level, then that's a sell sign because it blew through its support. Does that sound right to everyone? Thoughts?
%% SURE does 10;57 CST. Make sure you have a sell plan for couterTrend longs[your buys] See how SPY closes for day\ week + month. I almost bought some more longs\ but like Fed noted, ''transitory'' LOL Its a downtrending bear market you know, maybe you dont know, but good question anyway. Good thing i did not sell all my longs; but lightened up long size much of year\trades.
Just got out of my reverse indexes as I saw selling coming in. My stop losses took me out. I want a strong rally to the upside by the stockmarket. There are a couple of stocks I am waiting to short. Also, the perfect time to re-enter my reverse indexes for another swing trade.
After today's magnifico rally is complete, SELL, SELL, SELL and go SHORT SHORT SHORT. Why? Market will retrace today's entire rally in under 1 hour when BEAR resumes. The lows will be taken out and EARTH will be plunged into darkness the likes you have not seen or dreamed of. S H O R T SHORTISSIMO SHORTISSSSIMO
I told you fellas not to underestimate VIX. Most of you were saying Vix is broken and I kept telling you Vix will not honor a bogus move With 900 point rally in Dow, Vix delivered a mere small c**k of a bar tothe downside. What is Vix bellowing thru' a megaphone as HE sits at trendline break? I AM GOING TO F***K 'em ALL in psybaritic splendor now that all residual bullishness is consumed!!!! Vix daily
Unbeknownst to you guys until you fast forward into the future ............ BEAR's cub ran the 2008 crash. His Pappy is going to run the 2022 crash. But this first part of the crash was run by a mere loy-tenant. BEAR arrives tomorrow in a DC-10 from the old Galactic Confederation. He might take Friday off, I'm not sure. Then he will get to work on Monday. If we are lucky HE might let us have one last Christmas in Peace and quiet before he unleashed the Tsunami of Tsunamis. Don't make no difference to me. I'm off to safety totally protected. I'm just going to watch the rain pouring down like a blizzard on a sunny day .......... There's always a calm before the storm .......... ditto for the darkest hour is just before dawn Now is the time to pack it in and go on back Home to the cotton fields and sit out the rest of the devastation coming in to EarthLand. Just hide and watch in horror as things you never could hardly imagine happen!!! 6 degrees of TREND is on the verge of showing us muscle like you ain't not only not seen but never could have ever dreamed of even remotely!!!!!!!!!!!
The 50-day ema on Vix is 45 degree-ing blasting away from the bosom of the 200-day ema. This is a kin to a1 km high Tsunami of Lambda that rquires partial differential equations to estimate .......... 1 KM gives only an inkling .......... we got to Richter scale that but we don't got no richter in the realm of such outer universe Tsunamis ....
%% THAT's the main trend\ down. Dave Ramsey did mention he was buying this month, but he buys every month[buys funds, + some time$ RE] Actually, i risked a bit of SPY inverse profits today on bear rally + good thing it was only a bit\LOL. Easy to lose on bear rallies, even with hind sight. I have done[buy + sell] inverse ETFs, good ; but the main thing i bought today is ordered paper WSJ[Wall Street Journal] LOL I dont look @ free ''e'' WSJ edition much. Post market SPY + related ....... not moving much
Vix yellow is the 20-day ema blue is the 50 green is the 200 now dig this ................ see the difference in separation between the green and blue and then the yellow and blue? In Galactic terems its known as THE MIRACULOUS INTERVENTION ..... as the front line soldier (yellow) hisssself delivers a 5-wav drtama move as can be seen clearly by the tiny notch wher ethe green candle rested on him, that is only wave 1 of the iraculous intervention by BEAR
An eeeeeeerie silence is going to come over ET the moment Vix blasts thru' the top trenline shown in my chart for 2 weeks now. It will get so heavy here at ET that even Overnight will put on her best bra and beg me to kiss her Hide and watch, its going to get mean, real mean