Given the morning's PA, I feel like it's time for a throw-back to one of my old posts. Some of you might remember this one:
Dear Mr. Market,
1. I hate the way you always seem to rise, even when you're supposed to fall. 2. I hate the way you make me scratch my head, when price action makes no sense at all. 3. I hate the way you brand me a contrarian, even though we all know the real economy is dead. 4. I hate the fact that you only seem to move, off of sentiment from the FED. 5. I hate that you give me road rage, when pushing my shopping cart at the grocery store. 6. I hate that you no longer care about fundamentals, and now you've made technicals a bore. 7. I hate the way that price action now controls sentiment, and not the other way around. 8. I hate when you squeeze me out of my short, even when support clearly hasn't been found. 9. I hate your stubborn attitude, when all the facts that are stacked against you stand tall. 10. But, most of all, Mr. Market, I hate the way I don't hate you, not even a little, not even at all.
That market ride up, do you think QQQ will breach 334 tomorrow?
Hedge_Of_The_World
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@jeremy57021, Looks like 334 is holding up as resistance for now. We may see a retest of 337, but I don't see us going much higher. The Vix is at a 17 handle, and bearly hanging on. Risk protection is basically free at this point because the dollar is in flames. Lol. I'm long Vix, and refuse to touch any longs beyond a single day scalp, until I see some price discovery.
nicholasbdurham
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You sir, just made my morning, and sang the song of my heart of hearts. i could just cry :' )