The Bears Are Pussies

I can’t believe what I’m watching right now…

Here we – are the neckline of a beautiful island top and the fucking bears are unable to breach and fill the gap at least. My hopes at a retracement anytime soon are starting to dissipate. This turd is simply not going down – it’s ever-buoyant.

Dark times to be a bear…

4:15pm EDT: Alright, I just had a long chat with T.K. and feel a lot better. He recommended that I mark my calendar today as I seem to have reached an emotional low – which I did. Then he told me to STFU and go bang my wife, so I penciled in some freaky time with the Misses.

Seriously, the past two weeks have been probably one of the darkest trading periods of my life – this even beats September 18th of last year when we had this monster reversal and my account took a major hit (from which I recovered nicely a month later). I started loading up on puts on July 15th and kept selling this rip on the way up. It’s been expensive and I have never worked so hard (hedging with Geronimo and discretionary futures trades) to keep the barbarians behind the gate. Psychologically I looked at my puts today and felt a very strong sensation to dump them and to finally stop the pain. The only way I found the strength to resist this urge thus far is because I know the moment I do the tape is going to drop 50 SPX points – LOL 🙂

We’ve come a long way in the past two weeks and it’s taken its toll. So forgive me if I haven’t been my usual self lately – it’s tough to be chipper and inspire others with technical analysis when the tape relentlessly rolls over your dick every single day without pause.

There are two ways I’m going to dump my puts at this point. At expiration once they are worthless or around SPX 960 – after which I will probably stay away from equities until I see reliable signs that the end of Primary wave {2} is night. I keep making great trades in FX and am wondering why the heck I keep putting up with shit – it’s a huge emotional toll and obvously a loss factor. Going long this crazy tape? No thanks – I’ll save my ammunition for the long trip down.

Catch you l8er, rats.

Mole