This first post will be brief…
The bulls need to nod here, and let this one go. I knew with an hour to go prior to the close and the twitter heckling at the lows, that the pain trade would be up today. This isn’t it yet, but shit, I would be nervous being short down here.
On the day, RUT non confirmation, Yen non-confirmation, breadth non-confirmation. I’d like to see a repeat of yesterday to be honest and this shit is a wrap tomorrow.
In short, hoping this is the start of the last “uh-oh” move.
More later,
OA
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Looking for the final flush.
market nervous – waiting for the rug pull, seems tight, another un-exuberent 1.5% rally (2% in the NQ).
Do we need to see some gnarly reversal candles or some crazy tails?
Perma Bull…..
qrtr end bullshit..even shorts have to book a profit for the qrtr
Everyone is expecting reversal so market will do opposite today.
Meaning, everyone is expecting this gap to fail, and you think it won’t?
I think the day will end lower than up 228 as it is now but still high enough.. let’s say over 100 or so… so both longs and shorts remain confused.
OA- I know it’s been said over and over again last few days, but amazing calls this past month. Went big long at end of yesterday and just went thru selling most. Thanks for your outlook and plan. Saving our asses
I agree with that. Back in 100% cash as of this morning and waiting for the next drop to deploy cash.
I got out of $LABU even, and I’m grateful. My position size was way too large.
the super pain trade going on and on and on is gold..umbelievable that they can push it down still again!
The mother of all squeezes happens next year…in Gold. After the squeeze in stocks.
been averaging down in my roth for a year in my gold mining stocks. lets hope so OA!
whats your timeframe on holding LABU?
Hopefully thanksgiving, then I might modify my target to Christmas
holy moly didnt think that long of a timeframe. you rock OA.
isn’t LABU a normal 3x etf ..if it so it is subject to rollever and heavy “natural” price decay ( cumulative of volatility day to day price erosion and expenses )..which you sure know better then me , bro
give me 950 on gold first…please obiwan
I will starting buying under $1000.
I agree with this but I think it happens before next year. Will be an epic move.
silver will be first
How do you see it happening? 1999 was the mother of all gold squeezes. If we resemble 98, I was thinking a year from now.
The bulk of the move will be next year but I think these lows are going to hold especially in silver and we see a move up into year end. I don’t have a position yet but I’m watching it. If the lows break you could be right but either way gold and silver is higher than here a year from now.
Look for divergences in Gold / Gold Miners.
Burritos getting jiggy…any plays here?
I bought YOKU on Monday.
OA- what stocks you got at the top of your shopping list for the next pull back