Straight into the dumpster. Lid closed. Nothing to bail out. Clean and efficient.
"It was a bad time for a Third wave down at multiple degrees of trend"
Third waves come about because Etraders realize they are ALL IN and there is no one left to con. The market is making lower highs with ever-fewer stocks holding it aloft i.e. Netflix. Shorts are the last buyers prior to collapse. When prices overlap on the downside, panic ensues, causing "disoncontinuous price discovery". The market has traded through this current level a ridiculous 18 times in the past 7 months. Most stocks are much much lower. The last gap above was just filled there are two massive gaps immediately lower. Panic is inevitable...
Swan diving into pavement visualized
In the context of a Third Wave down, Global RISK OFF, and zero economy, the velocity of impact can't be overstated:
Stocks versus short-term interest rates
Etraders reaching for more Netflix...
Someone didn't get the memo risk is off
Growth / value ratio: One more lunge
Job killing corporations, Wall Street, and "reality skeptics" all obliterated at the same time. We should have thought of this sooner.
Mind you, it took Jim Jones & Co. six years to round everyone up again.
People who think I'm not an optimist just aren't thinking long-term.
