The data in Exodus is mixed.
If current trends prevail, you will promptly regret being born tomorrow. Markets will plunge. Life will suck. And whatever clients you have left will fire you. On the other hand, if we push the timeframe back a bit, the market loves momentum and tends to rip to new highs when overheated.
Make no mistake, buying here is risky. You risk having egg placed all over your face, your pockets stripped from your pants, and your dignity soiled. But, if my hunches are correct, we are about to commence on an epic run to the upside, one that will abrasively leave skid marks on the hunched backs of short sellers, and slap the faces of those who cower in cash with paddles.
Here is the Hybrid oscillator for the steel and iron industry in Exodus.
That shit is super-extended. You’d have to be a mad-man to buy that shit, which is why I like it. Costanza trading 101: do the opposite.
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This post makes me feel good about dumping my QQQ and SPY calls around 11 this morning.
One could not blame you for taking profits. It takes one with balls to have babies, however.
A breadth thrust this quick is more of a confirmation of the long, but it all depends on how you view this market. Still a bull market or first extreme to sell in a new bear market.
https://www.youtube.com/watch?v=cKUvKE3bQlY
“My name is George. I’m unemployed and I live with my parents.”