The “bottom Fishing” screen inside The PPT has been notorious for catching inflection points in the market. The following is something you never want to see as a bull:
On that note, I’m back to cash as I don’t have a clue what the market will do next. Given all the caution signs, one would think just go short. But, for some reason I can’t, my gut says this dip will be bought.
12631 member, Berto, said it best today, “I don’t have a single thing that doesn’t look like a short. Yet, I don’t want to short either.”
Your guess is as good as mine here, I’ve got nothing.
3 Responses to Bottom Fishing Screen
Yeah, TZA on the bottom fishing screen, not a good sign…
I would suggest that the sense of unwillingness to follow the Short Signals we experience is a product of What we humans can process that the programs cannot, consider it akin to being able to perform division by zero. Fed can effectively initiate Black Swan program or continue to reinflate and our human concern is that this liquidity faucet may not (yet) be fully reflected in the screen or incorporated into our charts.
Seeing as how I’m long TZA (and TVIX and UVXY), I like it! Just wish I could get myself to buy more TZA (and TVIX and UVXY).
Imma (sic) just gonna hold what I got and let events take their natural course.