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THE BOUNCE: Trappy & Treacherous, then retest 2022 LOW


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#451 dTraderB

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Posted 20 May 2022 - 01:55 PM

Nothing may ever be worse than the tech destruction of the DOT COM BUBBLE but this tech massacre in April & May is about the second worse

 

In this market today it seems more profitable to just leave a 2-lot NQ short position there... 

looks like more decline since I am seeing people on TV who like no older than 30 years speaking about 20% could be all the decline etc etc

they never experienced a real bear market and do no seem to know what they are seeing today in the markets

Especially one after the biggest funny money bubble in history.....

 

What we have seen so far is likely just the warm up act longer term

 



#452 K Wave

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Posted 20 May 2022 - 02:14 PM

 

Nothing may ever be worse than the tech destruction of the DOT COM BUBBLE but this tech massacre in April & May is about the second worse

 

In this market today it seems more profitable to just leave a 2-lot NQ short position there... 

looks like more decline since I am seeing people on TV who like no older than 30 years speaking about 20% could be all the decline etc etc

they never experienced a real bear market and do no seem to know what they are seeing today in the markets

Especially one after the biggest funny money bubble in history.....

 

What we have seen so far is likely just the warm up act longer term

 

 

The REIT index is JUST cracking...

 

It is going to get SO MUCH worse....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#453 K Wave

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Posted 20 May 2022 - 02:17 PM

This is NOT a bullish long term configuration now...very beginning of brutal decline...

 

REIT.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#454 K Wave

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Posted 20 May 2022 - 02:22 PM

Again...please show me weekly charts of just which stocks are going to lead the big rally to new all time highs...cuz I see way too many looking like the Reits or worse..

 

Certiainly not going to be Apple as weekly momo has completely broken down...classic bubble pop action...

 

AAPL.png

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#455 dTraderB

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Posted 20 May 2022 - 02:30 PM

3850

11660

 

3 each 

 

Feeling much better these are in .... 

 

I hope each of them lose more than 100 points minimum!
 

 

Doing all I can to finish net GREEN this week,  ​breakeven around ES 3829

 

 

3843.5

11612
opened 2 nd hedge shorts

 

11610

3838 

 

opened  hedge shorts

 



#456 dTraderB

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Posted 20 May 2022 - 02:38 PM

3878

11762

 

4th ES & NQ hedges

 

May they all lose at least 200 points each! 

 

 

3850

11660

 

3 each 

 

Feeling much better these are in .... 

 

I hope each of them lose more than 100 points minimum!
 

 

Doing all I can to finish net GREEN this week,  ​breakeven around ES 3829

 

 

3843.5

11612
opened 2 nd hedge shorts

 

11610

3838 

 

opened  hedge shorts

 

 



#457 dTraderB

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Posted 20 May 2022 - 02:41 PM

60 ES points up and ALL UVXY PUTS opened today are green.... 



#458 dTraderB

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Posted 20 May 2022 - 02:42 PM

net green today and the week....  will it remain so for the rest of the day & week? 



#459 redfoliage2

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Posted 20 May 2022 - 02:45 PM

So some bears started covering, they must have had their ALGO switches reset  ......................


Edited by redfoliage2, 20 May 2022 - 02:51 PM.


#460 dTraderB

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Posted 20 May 2022 - 02:48 PM

many billions upon billions and more billions were spent by BIG MONEY to rally 80 points from the low