The VIX took off like a rocket.and the S+P 500 ended the month of January,
with a sharply Descending Bearish Weekly Candle,within the confines of a bearish technical fan formation,
Re read that for emphasis, for in all probability tHat means that the March 2020 panic lows, could now be retested
Simply, put..there is a now "a hole in the big ship "known as the US stock market and It's taking on water.
What the market saw in broad daylight this week, not even hidden by fog at night,
was the all out mania buying of some of the most worthless stocks in the stock market.
When a company called Game Stop dominates the market's speculative frenzy for an entire week,
then you have to know the market has crossed into some new very dangerous current.
I'll let you figure out the rest of this story by yourself
Yet I think most of you know the ending by heart.
Simply put,It's 1912 all over again.
Out on those deep dark waters, all alone with all of your friends in tow, celebrating the greatness of it all.
Good night everyone.
THE_UNWIND
1/29/21
Woods Of Connecticut
with a sharply Descending Bearish Weekly Candle,within the confines of a bearish technical fan formation,
Re read that for emphasis, for in all probability tHat means that the March 2020 panic lows, could now be retested
Simply, put..there is a now "a hole in the big ship "known as the US stock market and It's taking on water.
What the market saw in broad daylight this week, not even hidden by fog at night,
was the all out mania buying of some of the most worthless stocks in the stock market.
When a company called Game Stop dominates the market's speculative frenzy for an entire week,
then you have to know the market has crossed into some new very dangerous current.
I'll let you figure out the rest of this story by yourself
Yet I think most of you know the ending by heart.
Simply put,It's 1912 all over again.
Out on those deep dark waters, all alone with all of your friends in tow, celebrating the greatness of it all.
Good night everyone.
THE_UNWIND
1/29/21
Woods Of Connecticut
