http://www.stockrake.com

I know it sounds fucking ridiculous, but I knew when I got trapped in the long trade, that it was going to be one I’d have to wait out quite awhile. I’m ok with that.

I’ve been making the mistake of diddling around with these little stocks all on the long side. However, there has been plenty of amazing opportunities in the inverse and ultra etfs. Really incredible moves that I haven’t participated in because of my trapped trade. It has effected my bias for sure.

The last time the indexes reached this level they formed long tails which in turn brought on upside action after that days close.

I forgot this chart in the original posting. The downtrend channel will hopefully be broken tomorrow. We will know on the open and know more at the close.

I don’t know which way the market is going tomorrow, but it needs to pretty much close up or have a very small range type day. Most likely there will be a huge intraday reversal off the lows. I may want to short some of the ultra etfs, then go long them at the appropriate time.