It will take much more than this simple two day rally to convince me all is well in Western finance. There is little I can say about the violent pin action in small bombs to back my case for lower equity prices. It is something I dream of, like a dog dreams of green pastures, while I nap in the warm embrace of sunlight.
This year we do not only sit idle in our longs, waiting for them to make the Great Move. No my friend, instead we primp and prune at each and every market junction, slowly, enjoying the process as if it was a warm piece of German Chocolate cake.
In the event of any weakness this week, even a modest gap lower, I will reduce my QID long. This position has a leverage element and what did we discuss last night about leverage and time? These two they are not friends, they are like villains of each other. We know that if our timing is right our gains are doubled. This is modest leverage, nothing like a futures contract. This position is like old man who sits and feeds the pigeon, slowly luring the dinner in close before snatching it into his purse.
I can buy more QID if we go higher, but I have a clear stop in mind, something that will take a strong effort from the long term buyer to trigger.
It could happen, I am only market speculator, not magician sent here to trick you.
Keep away from my precious RVLT. This one is mine, with cost basis dating back to February 2013. The fact that my position is larger than any prior record is irrelevant, like dog on cross country ski slope.
Sleep well, eat a hot dinner and vodka, for tomorrow will be a red victory.
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Sub 3.50 from rvlt sir, and I shall rejoin you. Like wyat and doc from tombstone.
trade’em well comrade