This is quite an exhilarating week. If there is ever an epic tug-of-war b/w the bull and bear, this is it. There is no clear winner here yet. Monday, the bear pulled back an inch to their side that they lost last Friday and the short sellers piled up for the final tug. But it wasn’t to be; Tuesday came and the bull won back their inch and the short-haters piled up for the final tug. Nope, it wasn’t to be either! Wednesday came, the bear snorted some cocaine and yanked back the inch; but something changed, the bear idols began to think twice about piling up. Somehow in some way, trader Joe is getting a bit smarter now. The smart play seemed to be to bet for the yo-yo action. Thursday, which is today, the bull snorted twice the cocaine the bear took yesterday and gained back an inch plus some.
Viola! The yo-yo action is confirmed! The wager is that tomorrow, the bear will win back the inch. Before the bull starts “yelping” on how the buying frenzy in the last moment of today close will surely carry the ball to the bull court tomorrow, don’t discount the same force of selling frenzy before the weekend vote.
For crying out loud, this back and forth is getting tiresome already. Did you see the gruesome faces of the bull pullers as well as the bear’s. All these pulling is taking a toll.
Now, can someone PLEASE throw a banana peel into the midst to see which side is gonna step on it?
It will be much more fun to watch the eventual “Whoosh” and see one side slams into the others and create smoke of sand so big that no one can see what is really happening.
Quick! Quick! Check your broker account to see which way it goes; shrink or a full “woody”?
Sorry, since I didn’t trade today but close out my shorts in the morning; I’ve nothing to post but some meaningless babbles…
Still sitting on 73% cash.
Good Hunting!
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Could it be that there are very few bulls and bears left? Could it be that most of us are a little bit of each? Bulls that don’t want to buy too much? Bears that don’t want to sell too much?
It all smells like a market that won’t be happy until there’s a traditional capitulation. But, with few retail investors left to shriek and panic, is such a capitulation likely?
My bet: a slow, panic-free move down Interrupted by short rallies that fizzle out quicker a fart in a hurricane. Good luck.
“a slow, panic-free move down”
I believe you must be referring to the movie special effect.where everything “appears” to be in slow motion but in reality the drop will be so fast it gives you vertigo.
My take is that the mixed batch of bull and bear is not as relevant as the collective cash and margin that are available on the sideline.
It is this availability that will determine the power of the move that may come.
Thanks for your comment and how come your post doesn’t allow comment?