Short FAZ and ERY again :ohnoes:
Took a ton of profit on my stuff that bet on the market to go down but losing a ton on the stuff that bets on it to go up…
It HAS to bounce back up again. If it doesn’t then we can throw all logic out the window.
According to “the market ticker”'s last blog entry; "Take a look at that folks. That’s a snapshot of today’s volume for June GE $2.50 PUTs.
That’s over 52,000 contracts traded today, controlling 5.2 million shares.
They were purchased for about 30 cents, which means that the price has to be under $2.20 for them to go “in the money”.
This is a bankruptcy bet on General Electric by the third week of June."
Is that true?
The market…especially in bear mode is 99% emotion. How else could you explain the rapid declines in all bear moves. Fear is clearly the dominant emotion over greed.
And this is the most fucking emotional, ass-backwards market I’ve ever seen. People are totally cool with perpetually shorting, yet the slightest hint of rally means impending sell-off. I have to just barely stay afloat on each ridiculous bear run in order to kill it on the upswing.
You guys wanna see what negative 8 grand in a day looks like?
This.
cash looks like it was holding strong 
Just mentioning the up tick rule sends market soaring.(?)
Combination of that and people think they’re going to change mark to market accounting for banks on thursday.
I knew I should have gotten C back at $1 lol.
Nobody thinks its technical???
News is a catalyst but it oddly always seems to coincide with technical levels. Suspect? Hrmmm?
Added Weekly chart—
Which indicators are you talking about Traders?
I run macd and on occasion I’ll refer to stoch for divergence but the trendlines/channels aka price action is king. I realize to an untrained eye my charts look like a clusterfcuk but to me I see channels and trends that are predictive of the waves persuing “fair” value.
^They are trippy. I have no clue what they mean though. lol
It’s like a tom tom. You can see where things SHOULD go. It’s all about odds though not prediction. Sometimes there’s a detour or 2. 
My FCSX is pwning today… might have to sell it around noon. I picked it up less than a week ago at $1.45/sh 
Meh, it was too risky… it’s going up and down now… it just sold at $1.80/sh
that looks like quite the volatile one. nice flip.
Here’s my view. Divergence into the prior gaps level. If it moves up there’s still that channel to act as resistance. A pullback seems very likely here IMO. That said I don’t think the rally is finished yet. Just have to wait and see how this holds up in the channel.
yeah i shorted FAS at these levels. we couldnt break the dow resistance all day today and I dont think we will on monday. Also bear market rallies on nothing but hopes and dreams are destined for failure