stelakis

Hopefully you sold "some" today....

Long
SPCFD:SPX   S&P 500 Index
225 views
4
Have a look at any chart of any "security" and see how many times the price is outside of the Bollinger Bands (BB) .... thats right... not much at all... as a matter of fact prices are inside the BB 99% of the time if not more... translation: we have gone too far too fast.. at this rate we are hitting 3400 by same time next year... not only we are "outside" of the BB but we are also outside our solid channel.... we begin to resemble bitcoin right??? :) :) we are due for a reversal but the euphoria in the market has proven us wrong once again... so as they say... I keep my friends close, and my stops even closer.... let see how much appetite there is on Monday.... I expect a reversal ... but definitely I am not smarter than the market... so we will see... I stayed mostly out the first day of the year, then gradually moved some of my funds in, I have my stops very tight and still have enough dry powder to buy some when we (eventually) deflate.....

Comments

I agree. And to support this idea, there has been outflow from the SPY lately, so I think we are close to a serious correction.
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