One continues to clean me out! Why did it go wrong? Because what you envision is diametrically opposed to what you experience. The final scene from Revoltionary Road says it all. Turn that hearing aid down!
These are rare, I know, but I think today's drop begins a swing back down to the 50 day. There's a persistent pattern of little swing tops in the spy since June. This is the first since the sharp drop earlier this month and can reasonably be expected to retrace half of the current bounce.
The primary sentiment behind this complacent drift higher is an unwavering belief in the Fed. So you're not asking the right million dollar question.
hmm... don't bogart the noose. I got short. The thing was so apoplectic earlier that quotes crossed for almost an hour.
Yeah that blow off peak in '11 was the end of days for sina. Which is why these trades are so tempting...and dangerous! Bita looks similar. It's as extended by every measure as any chart I've seen.
As someone who learned a lifetime lesson shorting tasr back in the day, I hear you. Trouble is, you never know you're in a madhouse until the orderlies barge in with a straight jacket!
I'm guessing you like to short madness too. Tsla dumped to the 20 day ma. That would be a reasonable outcome here. If the heart holds out!
Fair observation. I see that it doubled in a blink, although there were more shakeouts on the daily. Was the intraday as of the rails as this?