I just cant't see it another way even if there is a little bounce from yesterday. We already had a big bounce the whole last week.
Down is the direction for the next 2 years. Trying to trade this is stupid. It is better to add to shorts on every major bounce and enjoy the show and panic. But you need strong hands to withstand ups and downs. Keeping smaller position gives you strong hands. Don't be greedy, Don't be a PIG.
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions as you may lose all your money...and.. although my name says so, I am not from the future and don't know the future.
Down is the direction for the next 2 years. Trying to trade this is stupid. It is better to add to shorts on every major bounce and enjoy the show and panic. But you need strong hands to withstand ups and downs. Keeping smaller position gives you strong hands. Don't be greedy, Don't be a PIG.
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions as you may lose all your money...and.. although my name says so, I am not from the future and don't know the future.
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Market opened. Over an hour into session and we are not bouncing from yesterday's huge drop. That is not a good sign for longs. This looks weak.
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Also, we have not seen a capitulation yesterday. We need a huge volume day and a violent reversal on huge volume to call it temporarily over and ready for the next bear bounce.
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And its going down.. WOOO HOOOO!!:)