This tape is so boring, so directionless, so flat, it makes one feel… tired? Or maybe it’s just me, since I have a fever and I’m drugged up with all kinds of decongestants. Doctor says I can’t be around people for 4 more days.
So here I am, home and bored, looking through a bunch of charts that are going nowhere, and it’s kind of reminding me of me. Just a word of caution though, you don’t want to add to shorts or longs here (you will lose “energy”), neither do you want to fall asleep on your current positions (don’t be afraid of cutting down on them, especially the ones that haven’t moved according to your time frame expectations). Remember now, it’s when the market is most quiet and when people are not expecting anything to happen when we get some kind of ugly storm of market chaos…
Yeah, it could go either way- it could be a titlewave of destruction for the bears that will send them (and the market) running for the hills. Or it could be a giant avalanche of death to the market in which the bulls got baited into skiing on what appeared to be powdered white snow.
… or it could just be an extended siesta time. Okay, off to some crowded area to infect people.
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Amen brotha meng.
Regards
Gio,
What do you think about short ZNH on a retrace from this nice run up it has had to 15+? 15 seems like pretty heavy resistance, do you see it retracing back into the 12’s?
Hope you feel better, take care.
shorting ZNH is for the brave. but somehow i think it’s the right move. i’d agree, 12 before 16 on ZNH. tough call, but I’ll make it.
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