Just a quick note
sluggish behavior of bulls in here is trying my patience
They seem to be having cold feet here around June high
I mean: if this is really a bulls' market with a primary 3 unfolding why all the pussy footing, just bid the crap out of the tape and cream the bears for all the sap they got
It is possible that we are seeing 1-2-i-ii-1-2, but it is also possible that bulls ain't got no money to bid (it was the end of QE that got the bulls into sticky mud, remember?) -- yes, Benny and the gang are talking some talks, but talks don't run markets forever, printed dollars have a better chance of doing that
Nothing's really changed and technicals look OK, but I want to see umph.
On the other hand, the advance out of July 1 low was large wave with big swings. Here, after July 19 low, we are getting shorter swings, yes, it may be extending 1-2-i-ii-1-2 but that does not mean that I have to blindly leave all my profits exposed to be devoured.
I am thinking about splitting my levels (like I did leading to April high) and have a stop in mind below 1110, and the rest below 1100. I may even start a trailing stop for a portion
I am on vacation and monitor sporadically. If I can, I'll do a detailed post tonight to help me take a better look at how things stand.
sluggish behavior of bulls in here is trying my patience
They seem to be having cold feet here around June high
I mean: if this is really a bulls' market with a primary 3 unfolding why all the pussy footing, just bid the crap out of the tape and cream the bears for all the sap they got
It is possible that we are seeing 1-2-i-ii-1-2, but it is also possible that bulls ain't got no money to bid (it was the end of QE that got the bulls into sticky mud, remember?) -- yes, Benny and the gang are talking some talks, but talks don't run markets forever, printed dollars have a better chance of doing that
Nothing's really changed and technicals look OK, but I want to see umph.
On the other hand, the advance out of July 1 low was large wave with big swings. Here, after July 19 low, we are getting shorter swings, yes, it may be extending 1-2-i-ii-1-2 but that does not mean that I have to blindly leave all my profits exposed to be devoured.
I am thinking about splitting my levels (like I did leading to April high) and have a stop in mind below 1110, and the rest below 1100. I may even start a trailing stop for a portion
I am on vacation and monitor sporadically. If I can, I'll do a detailed post tonight to help me take a better look at how things stand.
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