good evening, i have somewhat of a theory for the months ahead. it isn't a very pretty one, but it rhymes well with the current worldly conditions.
what i'm bringing to the table here, is the total annihilation of anyone who loves to buy the dip; the moon boys, the yoloers, the memers - and retail as a whole.
a total call squeeze, to push unwanted participants out of this market once and for all.
lot of people got used to yolo-ing into weekly calls and having the market reward them for minimal work;
well now the market is taking,
taking everything from those who were not prepared for this.
---
we've been ready for this for months now, have been talking about this correction and the reasoning behind it for quite awhile.
in my initial idea, i had spy going to around 410~420; today i'm entertaining the idea that it goes a bit lower. 400 would be a solid base, perhaps a few points just beneath it to really scare the pants off of everyone.
good potential this goes on until around january, potentially longer; but it certainly doesn't have to if something changes in the real world which gives the larger players a reason to come back into the market. for now smart money exited the game, and this bleed down is just the guys who sell stonks for a loss, rather than for a gain.
personally, i love corrections - to me they bring forth a serious amount of opportunity, both in the short, mid, and long term.
✌
what i'm bringing to the table here, is the total annihilation of anyone who loves to buy the dip; the moon boys, the yoloers, the memers - and retail as a whole.
a total call squeeze, to push unwanted participants out of this market once and for all.
lot of people got used to yolo-ing into weekly calls and having the market reward them for minimal work;
well now the market is taking,
taking everything from those who were not prepared for this.
---
we've been ready for this for months now, have been talking about this correction and the reasoning behind it for quite awhile.
in my initial idea, i had spy going to around 410~420; today i'm entertaining the idea that it goes a bit lower. 400 would be a solid base, perhaps a few points just beneath it to really scare the pants off of everyone.
good potential this goes on until around january, potentially longer; but it certainly doesn't have to if something changes in the real world which gives the larger players a reason to come back into the market. for now smart money exited the game, and this bleed down is just the guys who sell stonks for a loss, rather than for a gain.
personally, i love corrections - to me they bring forth a serious amount of opportunity, both in the short, mid, and long term.
✌
Comment:
get ready for it
my big bear idea will be invalidated if es can break out and above the bear channel with conviction ~
if that does take place, then this was a simple WXY correction, and it has been completed. until we confirm a breakout, i'm going to be anticipating the last two XZ waves ~