Before the sun came up, it was all over but the wailing & gnashing of teeth
… straight down out of Asia, and then the news hits right after the European open
that Spain is closing down [specifically Madrid] cuz of wave 2 of the CHICOM
WUHAN KUNG FU FLU … and when it’s over, and the long position holders from
earlier in the week get taken out and shot, it’s straight up off the bottom faster than
you can say “WTF is this”?
Why should today be any different? … straight up / straight down and ZERO in
between … I guess we’ve rallied off the lows cuz having entire economies shut
down is bullish for stocks … that means more ECB QE, and the zombie companies
cheer the loudest cuz their dinosaur biz models get saved by government once
again … “only in this FUBAR world of central bank manipulation does this make
any sense … BUY ALL THE BUBBLES"!
I have no words for the utter stupidity of government manipulated markets.
No trades today in the TURNKEY PAMM / MAM.
By my count I had 3 buy signals after the downside “Thelma & Louise” debacle
… that’s the good news, cuz it’s about time algorithm signals production picked
up … what’s the bad news? … all 3 got run with impunity at the speed of light, and I
had no chance to get long unless I wanted to buy the up spikes from hell … thanks,
no thanks … and of course, since it’s a Friday, everything dies at Noon EST,
including the DAX30 cuz Europe is now closed … and it’s not like anything else
moved either, cuz it didn’t … once the “shitshow circus” of the Spain shutdown
worked its way through markets, that was it for volatility and any kind of movement
that wasn’t “Flying Wedge of Death” [FWD] chop / chop, right along with BS fills
and mystery ticks galore all over the board … in other words, a crap Friday … so,
what else is new?
Blog update on Sunday … outta here … until then … Onward & Upward!!
-vegas
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