User: Closing Basis - go with the flow: Charts of Interest: 020715 - XLU condition.jpg

020715 - XLU condition.jpg

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Closing Basis - go with the flowClosing Basis - go with the flow
It's been a consistent signal, but the instances are low. I am long and trying to follow my trading signals despite the larger context I see in the market right now, but the risk I've been seeing remains in place and I am a very cautious bull at this place. I will play long into 2500 if that's what price does and profit from it, but for now, significant signs of the market being set up for a rug pull are present and I'm not going to choose to be blind to it.  
 
I am not a bulltard or a beartard, I am an opportunist. Yes, prices may continue to ramp this year, BUT if the floor does fall out, I'm not going to patiently sit by and watch the market sell off for months without participating in such a great opportunity for profit making, nor will I "get my dink slammed in a car door" as Jester likes to so eloquently put it, no matter what price does. QE is over. That is not a guarantee for a market sell off, but conditions have returned to a more "normal" suppy/demand relationship and quite frankly, these prices are just TOO DAMN HIGH (this is a joke, I do NO fundamental analysis whatsoever). Big funds appear to be getting ready to employ the "Bang it to buy it" method. Kick stocks in the nuts that you want to buy much cheaper than they currently are. 2/7/15
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