Congratulations to all of those who had the eternal fortitude to hold tight during that two day bear raid. As you can see, the Dow is +400, NASDAQ +200, and it’s all over now. The misery and the pain of being in anguish has dissipated and replaced with an acute sense of greed.
I had been long inverse ETF products — and luckily got out with my account at breakeven for the day — thanks to various longs.
The results so far.
(SQQQ -2.7%) x2
I am now in the process of fishing in the sewer for runners. I’ve seen this sort of tape before and it’s trickery is permitting you to believe it cannot last. WRONG. It shall last the entire day. Anyone who bets against it gets shot.
Breadth is steadily unticking from 55% to 67% and you should expect a slow melt up throughout the day, pressing the faces of shorts onto a very hot griddle.If you enjoy the content at iBankCoin, please follow us on Twitter