There was something perverted about the way we sold off into the bell today. It was slow, methodical, distribution. It almost felt German. Not too much pressure because one mustn’t startle the herd. But someone was cashing up.
Perhaps their signals read like mine. The Exodus Overbought reading 9 days back performed sublime, adhering to it’s historical standards. But it’s opportunity is complete, and now a more sinister model, one forged on a pile of painful lessons, fuck ups, and enlightenment is coming alive. Like Victor Frankenstein, I watch my monster start to twitch and quiver.
IT’S ALIVEE!
I wish my conviction was rock hard, but I have three contingencies working against me.
- We printed a weak high today on the NASDAQ at 4532
- Swing high happened during Globex which usually doesn’t stick
- the tape is slow, like really freaking s l o w
We are at an inflection point in either direction. Good money will be made over the next few days. The key is being on the right side of the tape. My models say down, so I must be methodical and bet the down move.
Godspeed.
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With all due respect, I remember your model missed the move up in February if I remember right. Has any adjustment been made ?
No adjustments have been made, it was bootstomped in Late February, correct sir.
I did make 1 adjustment actually, where extremely high readings are bullish. If you’re in Exodus, look at last week’s report.
We also flagged overbought on 36 month yesterday. Looked like we were up this morning; what do we look for as continuation to upside or break to downside?
Dow sustains trade below 17950, some speed to the tape, some catalyst, Naadaq below 4500 all things to look for to break lower. Also, pls discuss active scores inside Exodus. TIA
I think this brings up great topics in position size and insurance. Lots of catalysts coming up – manage your risk
so far still steady as she goes, volatility not present