3. Dance on the graves of short sellers, bearshitters, and socially unacceptable people alike.
Perma-bulls win again.
Today’s rally was strong, with remarkable breadth. Not the type that fizzles and fails. This was an extreme positive reading, and so long as value continues to migrate higher, buy dips.
Quick check of the sentiment chart vs. SPY..
.
See any resemblance now, in hindsight?
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That picture has been open in Paint on my desktop since you introduced it. It helped keep me long, too.
So…thanks,
Raul
I have a lot of respect for your work.
Congrats on your recent run.
Until today, I figured we were just moving from “discouragement” to “anxiety”.I
what’s next? buy the dip?
On the higher time frame, yes, this was just a “buy the dip” set up.
Overall this is the process of restoring confidence in the markets…which has all but vanished. In secular cycles, this takes years.
Plenty more dips to buy up ahead.
Rock on bro. It was nice to ride with you into a victorious sunset. I liquidated most of my remaining longs as I had mentioned, into the strong close today.
Bought a pair – $XLF puts and $GS longs. Thanks for the GS idea. Keeping $GLD and $FNSR calls open. Dipping into index shorts. I am net short markets now after the close.
Do agree about dip buying though. Will be ready for that turn.
Thank you for your feedbacks and just being there.
Well done.
The Fly made the announcement that you will be selling membership here in ibankcoin. This student feels great joining early.
You are well ahead of the game. Good work.
and i re joined today..as if i had a crystal ball..that sentiment chart has been spot on for years..pretty amazing indeed,,,happy for ya Jeff
Great chart and great result. Which if any point would be your preferred trade point?
We used the McClellan, and Tim Knight to buy both bottoms.
Front and Center. Congrats.
OA has a unique and self-taught/self-educated style. That’s the lesson right there.
Welcome to the site and best of luck. Big shoes to fill. Please don’t increase fees for the premium services.
Are you tapped?
Dear OA: In your opinion. What % of the pot should go to SDS hedge? I understand what hedge is, but I don’t know what amount to use as hedge so that I don’t end up like JPM Chase