The volumes on close and thereafter were quite large, but
did not exceed the Primary Distribution December 17 @ 1.312
Billion versus 934 Million.
I watched the tape after hours and saw the continuation of
Margin Liquidations continue from 3:12 PM EST well into Globex.
Selling begets more Selling when liquidations turn from orderly to
extreme disorder. Large lots lead the acceleration of the correction
with the inevitable Panic of the "Tailers" who - acquiesce, accede,
agree, assent, consent, and finally subscribe to BTD abject failure.
It took 2000+ Ticks for the genius investor class to be stricken in
fear.
Humility - certainly not, as there remain many who insist on this being
overdone and those greedy Salmon fishers for their losses - they are to
blame.
Target acquired downrange. You cannot fix the malignant, nor can you
zero in on what you cannot see.
_____________________________________________________________
As 1/5 begins to conclude it's 1C of 1/5 the reversal will be brought about
by the very behaviors now present. Retailers, more than a few have decided
it's time to sell.
That was in November, December and January. Hold your nose and wait for it.
Presently the "Big Idea" is now a good time to Sell into the decline for profit...
Amazing. I read forum after forum with a number of "Gurus" touting the SELL
right here.
Early Globex had a large number of Odd Lots in the Sell. That never ends well.
_______________________________________________________________
It's "F_ck You Friday" again, Where the vast majority of $126 Billion in Leaps
expire - the problem is, they've all been sold.
We are approaching another large Out of Balance on the other side of the Boat.
It will take a few days to sort out the carnage as harpoon-laden gunslingers rush
from port to starboard.
Ice fishing can be exciting for us lubbers of land.
Patience vs. Yolo, Pomo, and Fomo.
Speaking of POMO, the FED is goosing up the kitty again with near $13 Billion
while former Fed Dove and now Sec of the Chapter 11 Treasury speaks today @
11 M EST.
Spray Tan Debutante - Christine LaGarde offers more pabulum for the destitute
EuroZone early our time. More Idiocy for the EU Goat herders who are growing
increasingly restless over everything within their arrangements from the Price
of Petrol - now approaching $3/Litre - to Food, Heating Energy, Revolving Credit,
Taxes and a great deal more. It turns out, the failed experiment in this Monetary
Union's failure to consolidate Debt... has imploded. Don't expect the Nosferatu of
the EU to provide anything sanguine - unless you enjoy further warnings.
Thank you mistress of the obvious.
_____________________________________________________________________
Wave 2 - back to the Price business at hand.
Was the 14616 Dip In a Low - we don't know just yet. It's always about Time.
The 200 SMA resides @ 14986 for CASH NDX and is close enough for the Futures
Operators. typically we see an attempt at a Backtest. Typically... there's more
whipsaw action to come down here as 14156 certainly is wide open and ready to
eat more Specs.
The 2/5 is setting up, it has a higher probability of beginning next week as the
NQ Count begins 6/8 today. If the Count Holds we should make an interim low
right around the Time the Raven begins making excuses.
A violent Counter-trend may well be in trade soon.
______________________________________________________________________
Trade Safely today, keep the profits in hand, overtrading can wreck a Balance Sheet.
It's best to enjoy the rewards of this decline rather than attempt to Hold the Slot
Machines Lever at the Flamingo expecting even more coins to dropdown.
We're approaching that moment.
Be well everyone and have a great weekend.
did not exceed the Primary Distribution December 17 @ 1.312
Billion versus 934 Million.
I watched the tape after hours and saw the continuation of
Margin Liquidations continue from 3:12 PM EST well into Globex.
Selling begets more Selling when liquidations turn from orderly to
extreme disorder. Large lots lead the acceleration of the correction
with the inevitable Panic of the "Tailers" who - acquiesce, accede,
agree, assent, consent, and finally subscribe to BTD abject failure.
It took 2000+ Ticks for the genius investor class to be stricken in
fear.
Humility - certainly not, as there remain many who insist on this being
overdone and those greedy Salmon fishers for their losses - they are to
blame.
Target acquired downrange. You cannot fix the malignant, nor can you
zero in on what you cannot see.
_____________________________________________________________
As 1/5 begins to conclude it's 1C of 1/5 the reversal will be brought about
by the very behaviors now present. Retailers, more than a few have decided
it's time to sell.
That was in November, December and January. Hold your nose and wait for it.
Presently the "Big Idea" is now a good time to Sell into the decline for profit...
Amazing. I read forum after forum with a number of "Gurus" touting the SELL
right here.
Early Globex had a large number of Odd Lots in the Sell. That never ends well.
_______________________________________________________________
It's "F_ck You Friday" again, Where the vast majority of $126 Billion in Leaps
expire - the problem is, they've all been sold.
We are approaching another large Out of Balance on the other side of the Boat.
It will take a few days to sort out the carnage as harpoon-laden gunslingers rush
from port to starboard.
Ice fishing can be exciting for us lubbers of land.
Patience vs. Yolo, Pomo, and Fomo.
Speaking of POMO, the FED is goosing up the kitty again with near $13 Billion
while former Fed Dove and now Sec of the Chapter 11 Treasury speaks today @
11 M EST.
Spray Tan Debutante - Christine LaGarde offers more pabulum for the destitute
EuroZone early our time. More Idiocy for the EU Goat herders who are growing
increasingly restless over everything within their arrangements from the Price
of Petrol - now approaching $3/Litre - to Food, Heating Energy, Revolving Credit,
Taxes and a great deal more. It turns out, the failed experiment in this Monetary
Union's failure to consolidate Debt... has imploded. Don't expect the Nosferatu of
the EU to provide anything sanguine - unless you enjoy further warnings.
Thank you mistress of the obvious.
_____________________________________________________________________
Wave 2 - back to the Price business at hand.
Was the 14616 Dip In a Low - we don't know just yet. It's always about Time.
The 200 SMA resides @ 14986 for CASH NDX and is close enough for the Futures
Operators. typically we see an attempt at a Backtest. Typically... there's more
whipsaw action to come down here as 14156 certainly is wide open and ready to
eat more Specs.
The 2/5 is setting up, it has a higher probability of beginning next week as the
NQ Count begins 6/8 today. If the Count Holds we should make an interim low
right around the Time the Raven begins making excuses.
A violent Counter-trend may well be in trade soon.
______________________________________________________________________
Trade Safely today, keep the profits in hand, overtrading can wreck a Balance Sheet.
It's best to enjoy the rewards of this decline rather than attempt to Hold the Slot
Machines Lever at the Flamingo expecting even more coins to dropdown.
We're approaching that moment.
Be well everyone and have a great weekend.