BEAR's 1st lieutenant or left-tenant ran the Covid assault Brought the United States to her knees. clobbered California so hard there were thoughts she may never recover Three cheers to the retards who say there is no recession. HELL is what we got and its only the foyer of Hell thus far. Years 2020 -2022 changed everything. 50% of businesses that closed shop never returned. shuttered places all over the place.
The easiest thing in the world to change the resolve of most ET traders is a rally of 400 points. Boom! Their stance gets shaky, their resolve gets wobbly. And these are supposed to be the proficient ones if not professionals in financial markets. If these fellas are this weak well then how about the Manin the street? What chance does HE have of withstasnding crowd stupidity? Zip.
This guy says we're about to crash. https://www.elitetrader.com/et/threads/planet-earths-ultimate-short-side-game-began-nov-2021.368377/
Welcome chief Yeah, he sure does. Fasten seatbelts, hide and watch. And encouraging you to take note of this one key fact: How many are still calling this bear rally esp. after today's dow rocked blast north, a bear rally? At ET only 20. Elsewhere? very very very few. THEY are so much with the euphoria they have alreadylong since forgotten the damage already crated to the SPX with the drop from Jan 3. Caution has been thrown to the wind. yours truly stands alone because of just one feature, one characteristic - 100% call for bear rally. How many 100%-ers are left remaining? Zip.
%% LOL\bear rally. Actually i'm suprised we have not had more bear rallies,2022. Good exit on SH earlier in the week, but its still up YTD + SPY is still below 200 day moving average.......................................................... SPXL up good, TQQQ up about 7.77% today, but both too far below 200dma for me\today
Good morning Chief, consider this. Have the SPX do a full physical at the hospital Results: Haemoglobin = 8.6 ............ very low Anal fissures of the terrestrial kind Transverse colon bent out of shape Pancreas damaged to 30% Leaky gut initiated. Carotid arteries shocked to the core and piling on plaque and so on its only a matter of time
Its still the bend in the trend IMHO and can kick my ass at any given moment. One goes up against a goliath of such stature at one's own peril and puerile-ness. Getting hammered is a given in the bend in the trend. By definition. It is the hardest region in which to win. But it is crucial to gain strength by going against it because this is what will make a Man in Trend surfing I wait pay-shuntly to reenter my Short. NOT YET!. Time to relax and enjoy
Another key finding, not an insult, its just the way it is, just as-is ............ the level of market knowledge and knowledge of History of Markets at ET is so appallingly low its downright staggering. Now, of course one could counter this with, "but we trade only very short-term on the 1-min chart and don't care about anything else" OK. But bear in mind, "those who don't know History suffer big time" George Patton knew this well so did every other great one in the past Rommel, Rommel you magnificent bastard, I read your book! At 1:49
%% Collecting interest/ SH[short SPY] exits help. I have done UPRO + spxs,spxu, sds buys 2022\ and those did better than fewer SPXL. I dont regret putting 2022 year $ in account , in JULY. I could have bought SPXL @ JAN $150 top area, but it pays such a small dividend yield/LOL Down SPY Jan = 88% chance of down year; even though 2009 + 1987 were exceptions