We are about to go negative, reversing a 400 point move.
Here are some scenarios that might play out.
We close at the lows and everyone blows their brains out tonight. Then, after you’re dead, China rallies 10% tonight and we re-rip higher by 400 tomorrow.
Or, China tanks again and we dive into the blackest and hottest areas of hell tomorrow, reversing any semblance of decency and decorum, retesting the lows from yesterday, down 500.
Or, Asian trade is unremarkable and we sort of trend sideways for the next week or two before moving higher.
Like I pointed out in a blog in Exodus today, a V shaped recovery isn’t in the cards, based upon previous algorithmic readings.
I am still 55% cash and only bought back some GG today, thinking gold might reassert itself as a safe haven. Truth be told, the more I look at the facts, the more I believe we are entering a long, painful, period of market action, aka a bear market.
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ROCK … PAPER … SCISSORS !!!
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“Eeny, meeny, miny, moe”,
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… probably shouldn’t finish that lil rhyme !
Just sayin’ !
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“Catch a tiger by the toe.”
Which seems apropos now.
Primary Wave4 downside = 1830-1870 SPX
This is a disaster.
That guy in the video is a complete cock sucking faggot.
Jesus.
He ain’t Jesus is is sucking on a fag. And he is a cock sucker as well.
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ROFL !!!
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He’s a talking cigarette.
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… maybe the bear in the iBankCoin logo was removed a bit prematurely !
😉
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He’s got blunt throat
it seems 14000 DJ is inevitable
took less then a week to wipe 2000points on DJ , it’s just another 1500
Some financial entity, somewhere in the world is melting down.
Until it is identified and euthanized, no bottom possible.
it’s just big bad bank selling + shorting
Oh and: (sarcastic) that’s not what bears said would happen, bullshit ever-increasing global equities wouldn’t result in systematic failure somewhere
get your heads out of your asses, bulls, your game is being proved for everything it ever was
Even though I assumed the market would sucker punch those jumping in this morning I’m still shaking my head. I have three stocks in the green and under normal circumstances I would add. But not today. Fuck the market gods.
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This quite a little Stocked Market we got here !
Just about the craziest shit I’ve seen in a while ! Oh wait … yesterday was pretty damn crazy too !
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oops
well NFLX held up?
Please tell me that screaming dude died of a heart attack at the end of that video.
This is one of the all time classic videos during the Flash Crash.
He’ll live forever.
typical bear market action
“Truth be told, the more I look at the facts, the more I believe we are entering a long, painful, period of market action, aka a bear market.” CAN I GET a …..”Hey Sloop! you called it right”
Welcome good Sir to the bear camp! good to have you aboard. Just so you know yesterday was like 10/24/1929. Huge gap down then reversal up on volume. Today was actually worse than 10/25/1929. The chance that we crash 20-25% by Friday are greater than zero and that should cause a brown stain in your pants right now.
Why not? Longs are crash test dummies this week
BlueStar whats your guess on the bottom? or do we trade down all the way through October?
I don’t know but the timing band for the next intermediate low is October Novemeber.
“Your comment is awaiting moderation” Why is this? I never say anything that is an insult or demeaning to others.
“bottom” is a concept you have to touch with regards
I believe the video is Ben Lichtenstien.
Agree…Ben Lichtenstein. A classic, sounds like a cross between calling a horse race and the Hindenburg tragedy.
I meant his Flash Crash audio…comical stuff for a stocked market.
I wish you fuckers would quit trying to shake me out.
Alf, the best thing you can do now for all mankind is VOTE FOR TRUMP BABY!!
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Trump is an embarrassment to himself … his family … his dog … his cat … and this country !!!
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No, that would be Obama
Tune into a special ibankcoin “Count Dracula” edition tonight, presiding over China’s demise, at midnight, est
It should be your highest show ever.
Communist Partied Fucks!
CNBC said the last hour was retail! Ba! They have truly become a puppet show
CNBC today was the worst I’ve ever seen it. It was borderline financial media malpratice. I never saw one person on there all day even mention the possibility of another 15-20% leg down other than Grasso. They brought on “expert” after “expert” to tell the masses that all is well and to buy the dip. I had this shit on in the background all day other than when I went to grab a sandwich.
CNBC needs to provide better quality analysis than that to all 4 of their viewers.
HUGGIE BEAR IS DEAD….DOWN GOES HUGGIEBEAR.
That’s the best live trading video ever. That man lives life to the fullest, trading by day and collecting carnival tickets by night.
Hi Fly! Buy everything!!
I’ve missed you dearly… I’ll be tuning in more often to read your commentary.
Your long lost pal,
Bullish