I have lightened my load this morning of death vehicles such as TZA and other instruments of pain, in exchange for cash and select purchases of stock (I’ll probably buy AAPL at the open). I am looking for a small bounce today from where we are now (perhaps 1062). 1050 on ES is support to me, and I think we may bounce. I am still very bearish but like I’ve said in a few comments, I do not think the crash comes today. I am still very bearish and my shorts easily outnumber my longs. If we fail to bounce, I will sell out all of my longs below 1049.50 on ES unless they are acting exceptionally well. If this happens I will fall on the sword and apologize. When we hit 1062, I will start looking to add back shorts.
Your friend,
bought some BP.
ok 1050… lets see how we hold. it would be nice if i didn’t have to waste money buying shit.
touched and spiked back, that’s a short term buy signal boys. think of it as a chance to reshort at higher prices!
i did not buy aapl. BP was enough for me. market looks awful. but be ready for anything.
The market looks beautiful. And I don’t see a bounce here, maybe at 1040.
yes, that is a good point. the market is beautiful. it looks like you may be right.
stopped out longs! let the fucker burn.
and that is called having the right idea, but poor execution. it’s ok. i can reload tza more than a buck cheaper!