Alternative Path

[gdl]

The investor is justifying staying bullish and will reluctantly buy CALLS here. They seem to have forgotten WHY the rally started in the first place. Seems what started it can't be what finishes it? yes the human being has a propensity to find excuses to be bullish and doubts the long drawn out Bear looking for any glimmer of hope to change direction. Boy has the whole crowd changed direction. the VIX is proof of that!

Now i HOPE we can manage to build upside tomorrow. IF we are to have a crash it usually happens on the second bounce that fails to reach the top of the first bounce. A drawn out drop from here is not what i want or expect.

TOMORROW is absolutely critical. we need a calm start at open and a momentum building rally. Since the holiday season is already here the bias should always be in favor of a rally. Can we wait till the PPI report? Seems logical but markets don't always behave.

I can't believe i am actually rooting for a rally. Now that's bizarre. The PPT might have some work to do to calm the markets for now. Lets see just how one sided the market is now. I suspect greed takes over and we start slow and build to a decent rally these next 3 days.

That's my plan anyway. Bitcoin has held and that is also a good sign.