Pending bear market's have a way of hooking those who do not believe.
Yet big money believed, and sold on 10/22/18, their presence felt
as they unloaded bank and financial stocks.
If they were selling, what did they know ?
And why were they suddenly heading for the exits
while the buy the dip bulls, believed in the mirage,
thinking the Chinese market would bale them out on their purchase.
When a market breaks, the evidence is already baked,
No amount of bullish hyperbole can change that
The bulls are wrong and each day they comes to pass ,they are further wrong. They believed for too long.
The bullish crowd becomes scattered in the chaos, but assuredly they will be coming home to roost very soon.
I have been warning of a pending return to the 45 degree angle at S+P 2710.
The chance of re-testing that very important low could soon be upon us.
Just don't let it surprise you. You were warned.
THE_UNWIND
10/23/18 207 am
New York
Yet big money believed, and sold on 10/22/18, their presence felt
as they unloaded bank and financial stocks.
If they were selling, what did they know ?
And why were they suddenly heading for the exits
while the buy the dip bulls, believed in the mirage,
thinking the Chinese market would bale them out on their purchase.
When a market breaks, the evidence is already baked,
No amount of bullish hyperbole can change that
The bulls are wrong and each day they comes to pass ,they are further wrong. They believed for too long.
The bullish crowd becomes scattered in the chaos, but assuredly they will be coming home to roost very soon.
I have been warning of a pending return to the 45 degree angle at S+P 2710.
The chance of re-testing that very important low could soon be upon us.
Just don't let it surprise you. You were warned.
THE_UNWIND
10/23/18 207 am
New York