"He´s gonna pop..." I already did it...
Down the Rabbit Hole
I have "no doubts" about the end of this on a longer term view. After 12 years of (as expected) bad decisions from those in charge, trying to save markets from "unexpected and prolonged contractions as they have in Japan over the past decade" (1996, "Mr I know what i did" - now we can speak about almost three??), I have less and less hope (which is sad as I have two kids)
They won´t do it this way. And we all be here to pay for their mistakes...
Nevertheless, one should remind about equity and survival, as "markets can stay irrational longer then one can stay solvent" (why is this sentence famous? Probably cause its true, which also means markets can be irrational, not "always right")
The bears, like me, must be at least in pain. They are right while arguing about the "need" of a stronger pullback, as I am, but more important then the evidences, must be our means to stay in the game...
One should draw a line and define a limit. Mine is last year high, on weekly chart. I still do not belive in a weekly close above 1371, but after yesterday, I had to "pop" and prepare to go back to formula...
I´m still here, with all the needed weapons to counter-attack. Again I´m still here...
I endorse my sincere congratulations to those who bought this year rally, as I, trading with some simple methods for more than 10 years, would never do it.
The structure is changing on the weekly chart, at least my view of it. Will I buy this breakout? Maybe later in the year, after a correction on daily chart. Not now, definitely!
VIX is under 15, I prefere individual stocks to get in on this environment.
Was the market just waiting for my "white towel" to fail? Yup, that is usual, so it might be the case again, it really doesn´t bother me now...
Down the Rabbit Hole
I have "no doubts" about the end of this on a longer term view. After 12 years of (as expected) bad decisions from those in charge, trying to save markets from "unexpected and prolonged contractions as they have in Japan over the past decade" (1996, "Mr I know what i did" - now we can speak about almost three??), I have less and less hope (which is sad as I have two kids)
They won´t do it this way. And we all be here to pay for their mistakes...
Nevertheless, one should remind about equity and survival, as "markets can stay irrational longer then one can stay solvent" (why is this sentence famous? Probably cause its true, which also means markets can be irrational, not "always right")
The bears, like me, must be at least in pain. They are right while arguing about the "need" of a stronger pullback, as I am, but more important then the evidences, must be our means to stay in the game...
One should draw a line and define a limit. Mine is last year high, on weekly chart. I still do not belive in a weekly close above 1371, but after yesterday, I had to "pop" and prepare to go back to formula...
I´m still here, with all the needed weapons to counter-attack. Again I´m still here...
I endorse my sincere congratulations to those who bought this year rally, as I, trading with some simple methods for more than 10 years, would never do it.
The structure is changing on the weekly chart, at least my view of it. Will I buy this breakout? Maybe later in the year, after a correction on daily chart. Not now, definitely!
VIX is under 15, I prefere individual stocks to get in on this environment.
Was the market just waiting for my "white towel" to fail? Yup, that is usual, so it might be the case again, it really doesn´t bother me now...
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