iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,548 Blog Posts

BULLS TRICKED AT OPEN, SELLING ENSUES

We popped as soon as the market opened to a large degree, luring in a fresh batch of permanent bulls into the markets furnace. We are now roasting them and selling down pretty heavily. The NASDAQ FUTS were sharply lower overnight -150+, then we popped up to +30 and now we are -75.

My prediction is as follows:

More trickery and then afternoon swan dive into an empty pool of rocks. I only have a 5% position in SQQQ, but reserve the right, BY LAW, to increase it up to 40%.

At this point in my life, I just want to see fireworks.

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