I believe they have done such a good job of it that they took out the short seller as well. This will bite them badly when the market starts its slide again. There will be no stops on the way down. What they did was create their own crash scenario.

I guess you can say they did too good of a job and the end result is a free falling market. When it all happens is anyone’s guess but it will be this year.

&&&&&&

I try to discourage talk pertaining to some “crash” that is “likely” to occur “in the future.” Of course this is so. But over the long haul, 99.999999% of these forecasts have proven wrong and/or useless. As an alternative, I will continue to emphasize forecasts based on Hidden Pivots alone, and I will not forecast any farther out than these indicators allow.

Meanwhile, anyone who claims to have made any money on put options over the last 30 years is being untruthful. It is the same as boasting of having won a $25,000 Keno jackpot. While that is possible, it generally implies that the Keno player had earlier invested $75,000 in the game. RA
RA

“As it happens, the rally was less devious than we might have expected. The chart above shows that it aborted just thee times overnight by taking out lower lows.”

I believe with every “investor/trader’s fiber in my being that these “taking out lower lows” shenanigans are a result far from the mass psychology and volume of the overall market charts; these critical points are the purposeful doings and trigger pulling of the big boys with the cash, position and leverage in a game in which they can yank and pull and fire, the best we can do it figure out the patterns and react…call me overly idealistic in trying to explain the markets…they’ve all gotten filthy rich so I must be right, eh?

Cheers, Mario