I’ve been discussing this in Exodus and figured I’d tell you, the unwashed reader class, about it too. This tape looks like it’s having problems adjusting to the volatility. All of the programmed buying/selling machines, AI, and HFT algos are being fucked over in a very hard and serious way.
DO NOT BE SURPRISED to see a very big and outsized heart attack move to the downside. Prepare for this eventuality, by removing leverage and making sure you have dry powder to buy a severe dip.
The fun will begin, in earnest, after 3pm. I hope that I am wrong — but retail is about to get forked over, like naked radishes, soon — as margin clerks make their rounds, zeroing out accounts with zeal.
Presently, I am 40% cash, having sold out of BREW this afternoon.
UPDATE: I stopped out of TNA and YINN, for a 13% and 10% loss. Stops will be respected, no matter how OS we get.
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