Our minimum downside target (38,856 on the Aggregate Index) was reached in the last half-hour.
At last check we were in the 38,802 range. Although some further declines are likely, we exited our personal short position this morning.
Let’s just say we made “lunch money.” (Hell of a lunch, Yowza!)
More on what COULD be ahead – and NOT TRADING advice in tomorrow’s Peoplenomics report…
gu
Dude –
Where the heck U be eating lunch at, Mackdonalds ?The Greasy Spoon?
Proper lunch is served at the Fountain Rm – 4 Seasons.
Should double down with the coot and enjoy a light bite of caviar on toast pts & bubbly in the afternoon..
Da flapper on the crapper is UP – Scheisse Going Around and Down. Said another way – The music tempo has picked up/increased alarmingly – and there is one less chair (everGrande/debt burritos) with which to seek comfort from the storm.
Shout out LDdownunder – went short the GLD at 160 Strike yesterday, buying Puts out of the money – this AM – those Puts are golden! Still not ringing the register, not done Selling, as I feel like I cant get get Short enough..arrrrghhhh Sell Sell Sell , F – Mortimer! SELL till the Bell!
Check for your lunch money here
http://www.321gold.com/editorials/captainewave/captainewave092721.html
Very interesting juncture. George is the only guy I privately tell my thoughts . The pain of losing money far exceeds the joy of making it . I will always short till targets and guiding indicator numbers are reached . But you must take some profit along ride . Primary trend down
Please watch this video
Those w bi o took the vaxx and those who don’t.
https://henrymakow.com/2021/09/mitkowitz-customers-for-life.html
and my old mates in yellow dog . salty moriarty , kern , frankie fingers holmes , dagolio .you are jerking yourselves . i have never ever seen such bad numbers in yellowdog in 25 years . heaven help us
Whats killing everyones trees is the airplanes spraying those chem trails that turn into white fluffy clouds, they are spraying the whole USA, look up what’s in the chem trails, it is why the trees are dieing and make no fruit look up what’s in the chem trails , Talked to sister n law told her to look. up the Georgia guild stones, she was on her cell phone, I was on my home phone, then turned the tv on that night, all the first subjects on YouTube that night were about the Georgia guide stones, They are listening to every thing said on the phone, Be careful what you say and talk about, cell phones, and portable home phones are on open air waves, no warrant needed to record conversations, old style phones that just plugged into wall, they need a warrant to listen or record, but does not mean they will not, The covid shots are not meant to save you, they are to get rid of us health problems from the shot may take a couple years, thin the herd, just my thoughts most people call me a kook, maybe, maybe not, Tim Love to All, Im in Fla, local dollar general, and Walmart shelves are empty, stock on food while you can, save your family, signing off, kook Tim
You exited too early (I think)!
ES:
From the top to 4294 — Zig-Zag #1
62% bounce to Thursday’s high started Zig-Zag #2 (We’re in the middle of it).
We should bounce 38.2% to 4387, then come down again to ~4250 and complete zig-zag #2. I’d exit some here, then see how it bounces.
The rule book says we can get 3 of these in a row, and I’m guessing that’s we do. After this one is done, should bounce 38.2% – 62% & start the third and final, likely taking it to 4K or lower by 10/20.
Also, Nasdaq has broken the 9/20 low, sending a signal this market is likely topped (for now).
If it bounces to from 4387-4420 tomorrow, I’d re-enter on a turn down.
I’m still in. A small piece of it from 4527 and another piece from today’s entry 4440. My 1/4 short from 4527 will either stop out at entry or get closed ~10/20.
When everyone tells you the market is gunna crash ? It wont
I danced around on my TI Scientific calc and it showed me that several of the large indexes were going to drop below their 85 DMA. At the close last Thursday I jumped in with three trades, with tight stops. I do not like holding a trade over the weekend any more., but, nervously, I did – and it paid off nicely. Very nicely. I did not ‘play’ the Dead Cat bounce this morning., as I am not sure just how far above the 85 DMA this market will bounce. I am all set to play the next leg down, though., as I do not believe this will climb too much before it turns around. Also – FANG Futures broke their 85 DMA as well and could well signal a Bear market in tech stocks in the not too distant future. The NASDAQ is sitting just below it’s 85 DMA and seems to be loosing it’s morning-momentum. “It’s Vegas, baby ! ” .., and not investing. It’s all a bet anymore, so bet only what you can afford to loose. One off-comment from the Fed and all bets are off.