- Just gotta love Goldman Sucks. Now I'm not too down on them selectively...it's just that they are the poster child of "Da Boyz". Anyway...moving on...
- Was that it? Was that the top...with a shooting star candle? Wish I knew with 100% certainty...would really make this easier. But, alas, the past is ours to remember and learn from, the present is ours to live and enjoy, while the future is the story yet to unfold before us with all its potential twists and turns.
- Hmmm...interesting day. Got my "one more jab to the upside" talked of yesterday...Bolted to the upside in the early morning and then chopped around at high levels for 4 hours and in the final hour a ton of selling hit out of the blue bringing it to a negative close. Interesting. It even appears that an SH buy was taken at the levels mentioned yesterday which kind of surprised me based upon the day's early strength. OK...so we'll see how that hypothetical position plays out....consider the stop...or better still, what's your plan?
- Sentiment of newsletter writers and retail is net bullish...which is not necessarily a good thing. Another brick falling into place? We'll have to see how it plays out. Would be great to see retail get really stomping and snorting bullish...for short sales that is but maybe they got burned too bad the past 2 years and this is as good as it gets.
- But, overall, price action is the thing to watch most importantly. Bar by bar analysis on the daily shows that we've broken below the most recent pivot. Can it hold and follow through to the downside? It's a start.
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