Loading ...“Every stock market bull out there whether in New York or London or Mumbai or Beijing is in a drunken myopia of elevated expectations and deviated denial scrambling and scratching and pleading for assurances that “it is truly different this time”.”
This chart says it all – you have RSI and MACD in deeply oversold territory; the blogs are all in full regalia talking about a “bloodbath; and gold old Turd Ferguson at the TF Metals Report is tweeting 100 times a day how “CRIMINAL this takedown is!” Well, duh, of course it is because=. Incidentally, every time I take a “It-will- be-different-this-time” position, (like last week) and try to outsmart the Commercials, I usually wind up in the queue at Shoppers Drug Mart with a little red basket full of Tylenol, Prep H, and Depends so needless to say, I wound up there yesterday.
I am also buying the USLV to replace the position stopped out last week at $16.00 (sorry for not positing that). I placed an order at $12.71 and assume I am filled and will use a 10% stop at around $11.50.