TRENDING
I hate it when I’m right – actually, scratch that – I love it when I’m right. Especially when everyone else thinks I’m an idiot and that I’m paranoid, that I am going to miss the big one because I capitulated, I lost my mojo, my dick is too small, [fill in allegation/insult of your choice].
It’s not that I didn’t tell you so – of course admittedly it could have come a day or two later, but today was good enough for me. Let’s get to Mr. Zero:
I saw a lot of divergences today and was not shy about pointing them out to my subs. But I also cautioned them that a resolution might not come before tomorrow and [...]
So, we got a nice bounce to the 38.2% fib line – it’s possible that we push to the 50% but I’m seeing some divergences on the Lite. However, it is a POMO day and maybe they manage to bang the tape higher before the bell. BTW, the auction today yielded only a lousy $1.93 Billion – that’s chump change compared with the average amount they used to accept (i.e. $6 Billion – $7 Billion):
So, I’m getting very tempted here to plunk some cash into long term puts – this is why:
My count right now has us in a lower degree fourth wave. If this is X instead (i.e. Soylent Blue), then we know fairly quickly and while Mr. [...]
I know what you are thinking now: ‘Boy oh boy – am I glad Mole told me to not chase the tape yesterday.’ Just kidding – I’m sure anyone who’s left here was smart enough to not put his member into that wood chipper. So, we got our little bounce – and I collected my toll fee via the longs I grabbed last night. Which were AMSC, ATPG, CSTR, GMCR, LAMR, MYL, and NFLX. Berk shot me those in the morning (you rock mate!) and I picked those right where I wanted them – outside their beautiful 2.0 BB. Strangely enough Berk and I follow completely different systems but often arrive at the same POV – if we both agree on a symbol it’s [...]
I have to admit that I have not been very inspired in the past two or three months – often I really had to force out a count as the direction was pretty much up and then up and then even higher up. It gets old you know. After about three major zigzags toward the stratosphere many of us bears were ready to gulp down a bottle of Clorox and check ourselves into the insane asylum (hey, the food is actually pretty good).
In the past few days I have however regained some of the old mojo, so to say – a few people have left the bulding and moved on to do their own thing, and that’s okay. As they say – it’s lonely at the top – and I’ve always [...]
Misses Mean Reversion 2015 Runner Ups
