I Love This Price Action! – Everything Has Changed!

While everything remains “exactly the same”.

I love it.

The market is doing exactly what it’s designed to do.

Drawing in those last hopeful bulls ( after already trapping the majority of “old bulls” in devastating fashion ) as well dangling the carrot for “hopeful bears”  legging into position here – but quite possibly “equally under water”.

The push and pull of good and evil! happy and sad!

All that you love and all that you hate – playing out in one incredible combination of “ones and zeros”! “dollars and cents” !! I love it I LOVE IT! I LOOOOOOOOVE IT!

I LOOOOOOOOOOOVE IT!

Complete and total devastation awaits you on both sides of the fence should you lose your head here.

Always remember that “human emotion” is one of the largest and most powerful contributors to market direction so step back a second and ask yourself…….

Are you “more scared” than you where a week ago?

I think that’s right around the time I mentioned the Nikkei leading, oh ya ..and days before that getting short Japan etc….blah blah.

Oh no wait……let me guess…..you’re sitting in some crap “monthly rental” office somewhere in the bowels of New York City, watching your investments crap their pants wondering “WTF?”

Word of advice…….look out your window pal….( more likely a basement suite in Minnesota ) – It’s CALLED THE REST OF THE WORLD!

Wise up. Going down.

 

 

 

10 Responses

  1. JS April 16, 2014 / 1:26 pm

    Action in TLT confirms you are most likely correct. This bounce over the next couple of weeks should provide sufficient hope for the bulls and despair for the bears to give the illusion of status quo…and then…SLAP, down she goes! Will be fun to watch.

    • Pot Stock Watch April 16, 2014 / 1:50 pm

      Interesting J as….I don’t see it yet in bonds (short of the RAMP soon coming to an end).

      As with AUD – all the last ditch “rinse / repeat / hosejobs are out in full effect.

      This is gonna be something man…..as ( I imagine ) the entire planet still glued to their T.V screens …..are gonna wake up one morning soon with a couple of headlines they “so wish” they didn’t see.

      We “sell” when all is Green.

      We “buy” when all is Red.

      It’s no wonder “retail” is exactly that.

      • JS April 16, 2014 / 2:58 pm

        When those headlines hit, the only “safe” place to go will be good old US bonds and USD–until they DO SOMETHING!!!

        • Pot Stock Watch April 16, 2014 / 4:11 pm

          I’m hard pressed to imagine U.S Bonds as a safe place to go Jay but hey….as with my “repatriation post”….I imagine they too will get flow from those poor investors thinking “that means safety”.

          I’m about to outline how / why Russian ETF’s are soon headed for a “rocket move higher” if that suggests anything for the “lurkers” here, looking for a tip.

          “Up before down” – being “all things U.S.A” in my view.

  2. Mem April 16, 2014 / 1:59 pm

    I hope this applies to the US markets as well… seeing how corrections are getting shorter while ramps are getting more pronounced…Always the V share ramp…

  3. PT April 16, 2014 / 6:49 pm

    Senor Kong,

    I know you’re a sometimes visitor to “Likes Money.” Do you see the DXY climbing in the near term (I don’t want to post a link to his report tonight for fear my question gets kicked out. I’m short miners now.

    Gracias in advance for your feedback, PT

    • Pot Stock Watch April 16, 2014 / 7:20 pm

      What can be said…….you are either “a trader” or “an investor” as most people have no idea which is which.

      Do you think gold and silver are about the soundest ( is that even a word? ) investment on can make these days? Yes or No?

      Are you willing to just “set it and forget it” knowing that this is the most beaten down sector known to man…while demand for physical gold and silver is absolutely skyrocketing???

      Can you weather the storm as the U.S Fed ( the most powerful player in global financial markets ) continues to short / fuk the paper price in complete desparation as to mask the continued “downward spiral” of the U.S Dollar on the global stage??

      You are short miners???

      Be nimble then my friend as sure…..they’ll take the hit ( as suggested I dunno……weeks ago ) but really….to get short??

      I’d rather just sit it out and wait for the next “incredible buying opportunity / upswing” as…..it will be HUMUNGOUS!!!!!

      People just don’t get it. CASH is a position too! Just cuz something goes up or down in the near term doesn’t “define” where you need to be.

      Small orders over time allow you to just “dump” and pick it up again later….at an “even better” spot.

      Getting short miners might be a good trade “near term” but it’s INSANE if you don’t move like a gorilla.

  4. JSkogs April 16, 2014 / 9:01 pm

    Ya Kong cash certainly is a position. I spend tons of time in cash. I took an AUDJPY short this evening that is green now. hoping this is the final turn. Hoping that is haha.

    • Pot Stock Watch April 16, 2014 / 9:15 pm

      Great work J man – looking at my charts / Kongdicator etc….”now” is seriously “the entry of entries”.

      The Aussie grind across the top will go down in history ( my history ) as one of the most stubborn trades to date but hey…..

      Im as stubborn as they get.

      Looking forward to the turn, and as stated previously – I’m short AUD til I see the stacks of cash flooding outside the spare room.

  5. JSkogs April 16, 2014 / 9:28 pm

    haha good work man. Hard to stay stubborn with that trade because it has been an ol dirty bastard. Nikkei looks set to fall, Europe looks set to fall….US well ya topping but good god how long can topping go on?!

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