BEARS FACE LOSE-LOSE SITUATION

This isn’t good. I held my DXD and BIS—my marquee trades of the week—but I have a reasonable expectation of how tomorrow will transpire.

They want to keep bears engaged. That means no sudden movements or loud noises. If short sellers get spooked, then they won’t stick around overnight. And that is when the campaign will begin. At night and slowly.

There’s no rush you see. This is all about slow motion. Time is valuable. If the market can keep bears in until about 11am, then they’re practically obligated to wait and see the FOMC minutes at 2pm. After all, in our fickle marketplace a few key fed minutes can provide direction.

This is where it becomes a lose-lose situation and where I expect they will really heat the coals cooking below the bear’s arse.

At this point I will want to wait for the minutes. Meanwhile, the market starts to slowly ascend and I have to sit through it. I can cover but risk missing out on a sharp reaction lower.

The likelihood we see any sort of downward price action during this wretched 11am-2pm widow is real low.  So I added some risk.

Finally, remember this—Twitter is my ticket out the ghetto. My position is meaningful and I intend to hold it, sans technical analysis, for years to come. Therefore I insist you tell one person everyday how ‘Moments’ makes Twitter infinitely more accessible. Show the layman what we’ve been going on about for nearly a decade, but reintroduce it via Moments.