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2 oct 2021

SPY Journal Entry 10/02

Fintwit has been overtaken by the invaders from the planet Dupelon.

During my time among them, I convinced everyone the world is in a debt/speculation bubble and it's about to pop.

Everyone is fighting. Nobody wants to take responsibility.

Even ES mini was easy to convince.

Thankfully, there are people like Cem Karsan you can use as a lighthouse during a storm.

If you listen to Cem long enough you will ultimately come to the same conclusion has he has.

If you're long life (career,toys,vacation,buisness,art,gamestop) then you are SPY.

Sure the market is full of sharks and piranhas, but at the end of the day everyone wants me to go up.

However, it would be naive to think I will only always go up.

You can observe the clues for weeks as the sentiment was changing from its only up BFTD trend to the MOAB (Mother of all Bubbles).

Next 3 months I think this trend will continue downward in December.

Cem thinks the derivatives market liquidity (Garys Bananas) is strong and will be pushing the trend higher into December.

I think things are going to be a little more chaotic the next 3 months. Call it a hunch.

One of us will be wrong.

I looked like I do now back in 2018 Oct-Dec 3 month downturn.


You can read about this time period here and you notice similar sentiment in politics (shut downs, trade disputes, rising interest rates).

it's not a surprise I'm stepping lower each week.

I'm getting involved in the GME retail movement. I don't know who is more volatile right now, me (SPY) or Gamestop (GME).