Thanks for your insights cha- you know your goldies
I am young and stupid but all these lines and patterns I look at are really the psychology of people.
For the SPX to behave like it has shows extreme mood swings helped by new investors- a broadening formation. We only need something small to turn the euphoria back to fear. No one to cover their puts because there aren't any.
I think I have said before my main adviser is a savant sheep- an orphan I raised always talking about the train times he watches to three decimal places. He is also keen on stocks/ futures/ bonds etc. Says we are very close to a major correction. Before the full moon this month- could have already started.
Tesla, APT firing a few warnings. US Banks and oil a bit confusing.
Have to have a sense of humour - Jesse Livermore shot himself.
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