Greetings from a parking lot. I’m alone, unless you count Rolo the dog. My trading day had a nuclear bomb thrown in it due to family obligations, and as Claws mentioned, “Tim is missing all the fun.” Anyway, while in this car, I pulled up this chart of the /ES, and I just about crapped my khakis.
Kindly take note of the horizontal line. I didn’t draw that line AFTER today’s peak. I drew it LAST NIGHT. Honestly, after one of the shittiest days of my life yesterday, I haphazardly throw that line in there, AND IT PREDICTED THE TOP TO AN ACCURACY OF 0.25 POINTS.
If you have trouble believing me, go to the 8:00 mark of last night’s totally depressed, Tim-is-going-to-kill-himself video and listen. I specifically say the /ES is going to go to “3740 or so“. The market, in its completely idiotic rally this morning, went to 3733.75, and I had drawn the line at 3734 as a guideline.
See, the reason I’m so furious is because not only did I come into the day light, and not only did I dump two more positions, pushing my cash to a full 32%, but I went into almost NO new positions. So when I saw that my own prediction had achieved Jesus-levels of accuracy (assuming Christ was a chartist), I was just about ready to chop my own balls off out of anger.
In any case, I hope my video last night helped lead some of you to victory. I know myself well enough to know that when I’m ready to give up on charting and become an orderly at a mental hospital instead, that’s the time to get aggressive. But, as usual, since I was totally freaked out, I didn’t have the confidence to do ANYTHING, and then after the fact I discovered that my off-the-cuff prediction was probably the most accurate one on the entire planet.
God, I’m dumb.
