The weekend report tomorrow will be complete with elaborate charts illustrating every possible scenario left of this rally. Understand that any rally will be nothing more than a shorting opportunity. This rally has possibly one more push higher, but will fizzle and give way quickly. I am expecting the next two months to be ugly, I repeat, Ugly for the stock market. I can't speak for other traders/investors nor give out investment advise, but in my opinion, if I were long this market I would be closing those positions out as of today or early next week at the latest.
Have a good night,
Darah
Do you know how bent the public is on a "santa rally"?
ReplyDeletetell me about it- haha or should I say ho ho
ReplyDeleteyou've said for days that this rally wouldn't last, but it has been very strong and broke the trendline. Seems bullish.
ReplyDeleteExactly that! This rally is extremely weak. I've said any advance will be short-lived and given back quickly. You will see as that hold true. Do you really want to lose sleep if your shorts are down? Not when the potential gain is awaiting around the corner, a big one at that.
ReplyDeleteI lose sleep no matter what. Somehow, someway, I will forge out of zombieland.
ReplyDeletehaha- good movie
ReplyDeleteyou guys have a good night
88: Just because a daily candlestick peaks above a trend line doesn't mean an entire trend has been shattered. The December 2011 rally has already failed once, and this is nothing more than a last gasp on exceptionally weak volume. Cyclical work and a major Bradley turn date on the 28th confirms this. The VIX is hovering below a wedge, but for how long?
ReplyDeleteDarah, keep up the great work. The money to be made is now on the downside - and it will be huge.
Tom, may I ask what you like to use- shares like sqqq?
ReplyDelete88
88: I mainly trade options on the SPY and leveraged ETF's like SDS, SSO, TZA, TNA etc.
ReplyDeleteYou're not alone in your insomnia. I lose sleep all the time! Good luck and happy Christmas!