Forcing the issue may eventually lead to FUBAR

PPT is death but there is CPT now. After the crash of 2008, Crash Prevention Team was established. Unlike PPT, CPT consists of mostly ex-con low-intelligence highly-brave redneck-like people.
But when their stupidity gets arrogantly loud and when you see positive VIX in the face of 2% rally on well orchestrated pump and when it is still a bear market, you must think what the heck?

Another upward push to break SPX 850 / DJI 8000 layer. Unfortunately this has been going on for months and SPX is still near the October 2008 crash low, moving up and down around 850 by 15 points... unable to overcome the crash prints.

In terms of short term, one had to cover shorts at ES 853-854 level early in the morning because of the following chart which I had posted yesterday as well. As you remember I said SPY needed to open below 84.7 for a full force sell-off from the get go. But instead SPY gaped above the middle green trend line seen on the following chart. This implied further upside for the day, I stress the words "for the day"



Why I talk about this short term situation? Because I want all xTrenders to understand one thing:

I use xTrends to trade intermediate term moves, that is my time frame and I explained several times before that I expect 850 area to be the intermediate term top. I am hopping it is all clear that this doesn't contain any day trading information.

Furthermore you should all know by now that I don't buy all the dips and sell all the peaks on intraday charts except for micromanaging purposes. So when I micromanage like today, you will likely not know whether I am covering or selling BUT WHEN I SEE THE INTERMEDIATE TERM PICTURE CHANGING, I WILL LET YOU KNOW. I tried to post my micromanages a while ago but it turned out too time consuming in the middle of the trade executions, costly indeed.

Another point I want to make is about the trend I am trading. For me, bear market has the definition of trend. When it is a bear market, I happen to find it safe to short the tops instead of buying dips although I sometimes go long when I see low risk/reward. It has been over 1200 intermediate term S&P points I accumulated since SPX 1550+ and 800+ points since last August. This last 800 points was all published on the blog realtime publicly. The last time I closed all my shorts was at SPX=670 which happened to be an intermediate term bottom. All these can be confirmed from the archives date by date.

xTrends is not a bear cave or bull barn. It is a place to trade trends. And it is definitely not a place for some pinhead low lifes to get egoistic satisfaction at the expense of others' honesty.

This is just another intermediate term trade which I have extremely high confidence. Market will have the final word as usual and I will respect it as always. Until then I will continue executing my strategy to full extend.