Sep

28

 I am sitting here thinking about how when there is an attractive massage therapist at a poignant family occasion, she will invariably say to the chief poignancy, "I have a very special session for you so let us make an appointment". Or when you get the other something very especially nice and the other says, "You deserve a great reward for this. I'll be looking forward to seeing you tonight," I can just hear the market mistress saying to one of her guests yesterday: "Well, thanks much for coming today. I am going to dig into my bag of tricks and come up with something very special today. First, I am going to go up, up, and up, for the third day in a row. And then—ha. Just when all the weak shorts who were so steadfast that things were going to the dogs last week have given up—- then I'm going to take it down a fast 2 % and kill everyone sort of like I did last Thursday when I took it down 3% in the last half hour. And the beautiful fun part of it is that I'm going to wait until the last possible minute or two like 3:20 to do it. Abandon all hope, ye who dare to doubt me".

Vince Fulco writes: 

I like to call these "something for everyone days". The strength and conviction of the n-day move trend players disappears like flash paper.

Ken Drees adds:

And it did the trick just well enough below 121 SPY downtrend line to beat the profit takers and upturn the new shorters who were waiting to deploy at that level–so the technicians were thrown to the ground as well.

Well done–finishing the day in no man's land, mid range, everyone edgy. 


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