show me a double top, and i’ll make money shorting it…
turns out , this is a very high probability trade, in the current market conditions, and foreseeable future
6 month’s ago, i would have been stopped out,(with this set-up) with force…
i’m like shorting stocks right now, than going long. bottom fishing, which is what i specialize in, well the longs aren’t getting the V recoveries they used to get—this has been happening since july—
if i had to guess, i’d say we are 3 month’s into the bear market, if this is indeed turns out to be a bear market. 20% down, is confirmation. conformation is historical, not actionable.
VIX —with such huge intraday index swings, new yearly highs are out of the near term picture…—it’s gonna be a bad earnings season, and the eps numbers reflect that—Q3$33’s revised down to the $29’s , past 6 month’s, for the s and p 500’s.
Watch A Beautiful Mind (free)