Will The Selling Ever Stop ?

ES - SP500 Futures Contract

When will it stop? So much for the buy and hold mentality. Put a fork in it. It’s over and done. No second chances in this lifetime to make back everything that was given away due to pure stupidity of not getting out at the beginning. I’d like to look at all those silly charts that Wall St. used to proclaim, “If you were out of the market and missed the biggest up day.” Well, what those charts failed to disclose is that by being in 24/7 you subjected yourself to huge risks. By losing more than 50%, you’ll need to earn 100% to get back to even!!

It looks as though there could be some temporary support at the bottom of the channel at 686. We’ll have to see how people react to the continued selling, and whether or no we will get capitulation during this move. There also looks like some support at 679.96. Strap your hats on folks. It ain’t over til the Fat Lady Sings!!

Subscribe by RSS Subscribe by Email