My time machine lied. We’re supposed to be going up today. The infamous “Andy Swan bottom” is supposed to be alive, flowered with life and blossoming profits for asshat dip buyers. Instead, the bulls get the clerk.
The clerk loves to sell into panic, for the chances of an account going negative equity are far greater.
The selling began around 2:30 and will last until 3:15. If the bulls want to stay alive, they must support the market here and prevent a retest of 8k. Trust me, if we go anywhere near 8k again, we will knife through it like a hot blade through shit.
Personally, I’m getting nicked today, through idiotic intra-day short covers and inverse etf sales. And, let’s not forget, I bought some stuff earlier today.
The good news, for me, I have 30% cash and 20% short. Most of my short exposure is in [[FXP]] .
My feelings are, and I cannot shake them, we should rally.
I’ll say it again: we should rally. We should rally. We should rally, damn it.
The way I figure, the more I say “we should rally,” the better the chance it will come true.
Give it a try, fuck face.
TIME MACHINE UPDATE: Did I call this rally or what? I need a witness. Jake come forward!
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