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BobbyBanksX
May 3, 2020 4:55 PM

My Money Is On A Big SELL For 5/4/2020 Short

Dow Jones Industrial Average IndexDJ

Description

It's been rough for me during this bear market rally, but I think we've come to the point of exhaustion for it. Who knows though, we might see another pump. But I'll bet that with the market open tomorrow, with all the selling that'll commence, we're going to see a bearish cross with the EMAs.

All I want for Christmas is a 20% down day. Perhaps we will get it on this upcoming wave.
Comments
jobudunks
I have puts also. What are you in right now?
BobbyBanksX
@jobudunks, absolutely everything.
jobudunks
@TuParkShakur, Time frames?
jobudunks
The market just doesn't want to go down.
BobbyBanksX
@jobudunks, yes, very disheartening, but i believe this is a defining period for bears. i am 90% in long term puts; i will either explode in profits or go wait in line at a soup kitchen. the drawdown on the portfolio is incredibly excruciating. but i was in the same position back in february. i was down 80% in portfolio value but it blew to 30x. best of luck.
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