Now You Know Why They Invented Tequila!

Need not elongate this nonsense so tonight, a short report!

After 2200 Dow points to the downside in 4 days and 3000 points from the highs, the Dow and the market finally found A low. We do not have to say too much about the outlier open nor the wild intraday swings as we have no clue what happened. But we do know major indices were about as extended to the downside as we have ever seen (except for 1987) and due to bounce from somewhere. Somewhere started today. With the Dow still 1800 points below the declining 50 day moving average, it would be quite normal to get further upside…and in this environment, some vicious upside.

We are hardly paying any attention to opinion or the whys. Price action is good enough for us. Don’t blink!

Mets up by 5 and now hitting the ball well!