The rally from Dec lows looks to be about finished now. The large purple CYPHER pattern and the blue DEEP CRAB pattern have been completed this morning. at the 271 zone. If the market has one more bump up in it (Monday?) I will expect the fighter jets (red) to shoot down this market. The easy flying "Blue bird" jet (upward rally) is not paying attention to what is about to hit! Although I use silly "Old Fart" logic and stories to illustrate this, I am serious about the market is in a dangerous position now. I have lots of March puts. I DO put my money where my mouth is! Keeping it real here- I am bearish the market and I am biased :) Silly Old Fart... Back to my nursing home I must go now...
bro you the man. I am 28 Californian dude that wants to be a wise old fart like you one day. I don't think this Ponzi can continue and I have been looking for a short entry for the last few weeks and got stopped out once already. Part of me thinks there could be a different factor going on this time in the markets. Bernanke did massive QE and that currency went right into the US stock markets. Now perhaps we could get the biggest Ponzi scheme bull run of all time... just a thought I have in my head, but hoping this Ponzi can end. I am 28, make 150k a year and supposedly have a "good" job yet I cannot afford to buy a home in my town that I was born and raised in. I really hope things reset sir. Speculators are saying bull market continues, real estate bubble continues to grow... Sir my only hope now is in a long term bear market, several years of bubble deflation and price adjustment. Things are just way to expensive nowadays. Men in my profession made the same that I do now back in the 1980's, it is an absolute joke. There is no hope for my generation, and I refuse to have kids because there is absolutely no hope for them.
nj_guy72
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...'bout time, I've been wondering what happened with the fighter jets! That's probably why the January rally was so relentless LOL