3309 Drysdale Ct
Edwardsville, IL 62025
A possible parabolic blowoff:
Has everyone has spotted the "SIGNAL". This article is
calling for within a week. Steve said it should be soon.
Everyone is saying it's not sustainable. I am short via
VXX and SPXU stock ... so why do I get the feeling I'm about to be
slaughtered ? I am also long Gold, Crypto and MARA. The
last time I got this feeling about a month ago I posted that the
PAIN trade was just to move higher and screw all the bears and
that's what we got. Now we have more longer term indicators
saying time to get real. Everyone wants this pull back so we
can buy it but will we get it with earnings season in full gear ???
I REALLYHOPE SO. Good luck to all !
I don't think it says a week. Depends on which scenario plays
out - the 207-2018 melt up lasted a few months
Yes but we've overrun resistance which happened twice since last
May and each resulted in a reset within a week.
Just my observation (based upon anecdotal not technical
evidence): majority of people with $$$ in the market ("everyone" as
is so commonly referred to) are NOT expecting or calling for a
serious correction or market crash; rather, they remain extremely
complacent. Overwhelming majority remain at or near fully
invested (in retirement accounts +). Yes, traders are
nervous, and rightfully so based upon technicals, but they (we)
make up a small % of total market participation.
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