Friday, January 8, 2016

Bull Suit

A Molotov cocktail crashing into my bull suit.  I have taken off the bull suit because it caught fire due to crash.  Expecting ES 1880 by Monday or Tuesday.  Keeping powder dry when the fund managers panic en masse.  A vicious market for longs and counter trend traders.  Capitulation coming soon.  We are not there yet, the levels are still too high for value buyers to come in.  Need to test those August lows to bring out the value guys.

Scary part is the market is still very overvalued.  Scary market.

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