More sentiment from the stream, again thanks to Sam...
"TIP of day OF goog breaks thru 890 runs to 900 in a flash"
"correection is over... load the boat lol"
"volatility coming out of the market, as usual before the holiday weekend"
"a good sign is that small caps not falling apart leading on the downside there is still hope for the bulls"
The key words here are "Hope", the thought that things are "as usual", "Correction is over".
I think the market will allow the dip buyers to hang themselves, that's why we entered some long-type positions and closed some short type positions, but not only will the market take out the dip-buyers (as I said, these people are run by emotion, not facts), in doing so it will run out any new shorts although it seems few of the "Momentum" traders jumped on that train so lets just call "Momentum Traders" what they really are, "Perma Bulls" that don't recognize that the element that drove the market higher for 4 years just said it's getting ready to back out.
Amazing ignorance, but great for us.
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