“Saturday morning was something else!”
Anybody who needs a lesson in panic selling, got it in spades Saturday morning
in crypto, especially some of the alt-coins … Cardano, one that I trade for
“The Syndicate”, during the week traded as high as $1.6000 … Saturday morning,
it got down to $0.9150 before recovering up to about $1.1000 where it is as I write
… that’s quite a “haircut” in a matter of days, especially when there is no
“bad news” … other than the fact that the entire country is being led by a bunch
of Libtard, Communist Fools who are so tone deaf and out of touch with normal
‘Muricans and what they care about … with “Taliban Joe” in charge, you can
assume with 100% certainty he will FUBAR anything & everything he touches
… “did he just buy some crypto and/or stocks”?
Then there’s the “ugly girl” syndrome … I look at every single market Turnkey
offers for trading, and all I see are girls with warts and all are clinically obese
… wasn’t that somethin’ on Friday when for over 9+ hours Cable couldn’t fucking
move 20 PIPS as the world is burning down? … welcome to life inside the rigged
casino, and what surprises me is that the 4500 level in the “Spoos” gave way so
fast, it was like a chainsaw through a soft butter stick … so, with literally
everything melting down into “goo”, when does Spicoli “stick save” the
“bubbles”? … cuz here’s the dirty little secret … if we get another week like last
week in mainstream markets, especially “Stock Bellies”, there won’t be any
stopping the wholesale panic that ensues, no matter what the Lounge Lizards
say from on high … and they know it … once panic achieves a certain “critical
mass”, it feeds on its own and goes into “The Twilight Zone”, where there are
ZERO rules and literally anything can happen … look for the Lounge Lizards to
start “walking back” all this interest rate hike bullshit, cuz they’ll find a reason
or reasons to do so … excuses are easy to manufacture.
Priscilla The Trading Gorilla [PTTG] continues her battle with something akin to
the flu … COVID, Omicron, who the hell knows … going into the third week now
… I talked with her this weekend, and she simply has no energy or stamina, and
she tells me she feels like she is living in some kind of “fog state” … and yes,
she’s taking some medications and slowly getting better, but she isn’t anywhere
near 100% … so I’m gonna delay results until she gets back, and she hopes to
be trading again sometime this week … Godspeed, and markets will be here
when you’re ready.
I’ll have the updated 20 Day Range MA’s updated next Sunday.
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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