Even though I thought the market was likely topping last week, my fear level was extremely high. As I've said many times, bull markets can literally kill shorts. I've smashed the bots for tens of thousands in the past few weeks. At the same time I realize that even with that cushion, if I get caught short in a parabolic move higher, I still may not survive it.jcsok wrote:Looking at today's close I think you can use the tombstone for the bulls. Wasn't around to watch the markets today, so I haven't done anything. If the market goes through 2967, I will no longer be able to sit this out. I will post if I short, but at this time, fear still controls greed.
Trump is the king of bubble blowers. He's the same guy who financed casinos with junk bonds at 14% knowing full well he would never be able to pay. There's no limit to what he is willing to do to blow this bubble bigger than any previous bubble in the history of the world and the market knows it.
Here's a possible scenario that fits with the Gann article you posted.
https://worldcyclesinstitute.com/a-prot ... g-process/