These Late Day Recoveries Aren’t Helpful

Enough with the bounces, always bringing us back just enough to get beaten to death tomorrow. This process is faulty and needs to be jettisoned, either through rapacious upside action, or else total breakdown. Death by a thousand paper cuts is always far worse to the system over time. It breeds mistrust; nothing like a good and quick beating to clean a mans mind and the slate.

The market is being controlled by the weak and fretful. Cowards are not permitted to lead for long; buying the day and selling the close – as a strategy – must be swiftly punished through conviction moves either up or down, less the whole crowd be given over to that sort of silliness.

I would gladly accept a little more panic weakness, if the tradeoff is the bankruptcy of the intraday traders. Just to get them off the board.