I doubled down on my short today. We must be nearing at the very least a good sized pullback sometime this month.
Hedge_Of_The_World
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@kretchfoop901 ya I picked to some vix again, looking to hold until next week. We’ll see how the afternoon session shapes up. Time for this ponzi to end.
Due to capital flow and looking at charts from the past. Charts from the past move upwards in a curved pattern, not a straight line. Take a historical look at the DOW 1920s, 1980s and 2000s. Not gonna tell you that you wrong at all, as there is definitely a bear case. I am waiting for confirmation personally if this will be a further runner, which is highly probable or if she is going to fall, which is also highly probable, how far will she fall would be the question.
All I will say is that this is most likely a temp high. If more highs are to come, I would also gladly accept it.
Hedge_Of_The_World
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@maplehunger123 Well said. I don’t disagree. At this point it’s insane price action across the risk spectrum. We could break out to new highs, but unless corrections no longer exist, we’re overdue for one based on the technicals. Having said that, the flows are relentless, and the overnight gaps are alive and well. I can’t really see us going higher based on what I’m seeing.