http://www.redlasso.com/ClipPlayer.aspx?id=ae47b67d-2523-4946-a2ad-aadc68176f67
I have not laughed that hard in a while.
Just charted everything, we need that blow off bottom panic sell off, just like we had that blow off top in commodities I had been talking about, I'd say i was pretty much dead on with Oil.
Russel 2000 and the Q's 1-1.5% from a major violation and a giant fall off the cliff. I would like to point out something I have noticed that the Russel 2000 leads the market, yearly, monthly weekly and even minute by minute. The Russel 2000 is well below the 200 week moving average and 25% from its all time high. I still believe another 10% quick downdraft is in the cards, but I must say this is subject to change at my whim, because the amount of weak shorts is starting to drive me insane.
I have never seen so much propping up of the markets, just let the markets have that week of panic, let the system cleanse itself. Until that happens this crap is just going to continue.
TEAM DUL$KI "There is no I in team, but there is an Alpha."
I have not laughed that hard in a while.
Just charted everything, we need that blow off bottom panic sell off, just like we had that blow off top in commodities I had been talking about, I'd say i was pretty much dead on with Oil.
Russel 2000 and the Q's 1-1.5% from a major violation and a giant fall off the cliff. I would like to point out something I have noticed that the Russel 2000 leads the market, yearly, monthly weekly and even minute by minute. The Russel 2000 is well below the 200 week moving average and 25% from its all time high. I still believe another 10% quick downdraft is in the cards, but I must say this is subject to change at my whim, because the amount of weak shorts is starting to drive me insane.
I have never seen so much propping up of the markets, just let the markets have that week of panic, let the system cleanse itself. Until that happens this crap is just going to continue.
2 comments:
Adam,
Don't you think today's action saw a bunch of short covering ahead of the Fed meeting? If it was, there'll probably be a weaker squeeze to the upside assuming they cut rates as expected or by a greater amount. If they don't cut or cut by less than expected, I have to believe you'll get your wish. Panic!! Thanks. SK
Adam,
Are you still holding your shorts? What are your target prices for DXD,TWM and QID? What do you think of DUG at this point? You said you would buy DUG when oil hits 115-120.
Best,
EY
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