As price is approaching the lows from 9/24, I have a mixed perspective on it.

I believe that the “Grounded Fighter Jet Pee” dream captured the essence of price not going up from the $25 area on 11/16. That led to getting the green gun, Jack, concurrent with realizing I had taken a strong affection for my lovely auburn-haired female roommate. “Jack” in this context seems like another word for ‘heist’. My natural affection for the roommate and the looking-forward to returning to see her is indicative of my deeply held belief that price will resolve substantially lower (sub $20), albeit probably not before a preliminary upswing in price. That would align with the “Bears Up There” dream.

This may perhaps be in alignment with the “Green & Gold Baller Hotel” dream from 10/1, which might indicate price is finally checking-in to the hotel area after nearly two months of the out-and-back trip to the bus-stop to retrieve the luggage.

The dream I believe is in strong alignment is “Flash Crash”, with the scene following the crash being primarily a discussion with my sister, held on a downward sloping ramp toward the bathrooms in a lower section of a theater, about her friend’s body-type and likely propensity to grow over time. My sister is almost always synonymous with higher prices, or a belief in higher prices. When price made that sharp downturn from the new highs on 11/9 I considered the possibility that it may have effectively recharged energy for a continued up-move. I believe the fact that the friend was in line for the bathroom, i.e. waiting for a release, is indicative of a natural release to the downside in price that will be delayed.

Very interesting is the relevance of the events of this recent weekend’s F-1 Bahrain GP, where Roman Grosjean had a massive crash that could have proven fatal. Thankfully he walked away from this incident, which was more extreme than any other in F-1 since many years. It’s not clear whether he caused it, i.e. was at fault, as seemed to be implied in “Grosjean’s Apology Sandwiches”, which would make an apology more appropriate, but the subsequent action in the dream could also be telling. I went to pickup the order for delivery and was surprised that it was quite light in weight. This could be indicative of an expectation of more volume of trade at this juncture of an anticipated reversal, especially if the 9/24 lows are to be traded through, that will absolutely cause some longs to capitulate, i.e. create a temporary sell-imbalance which will have to be absorbed by concerted buying by professional-money, if price is to hold in this vicinity. So that makes me keen on observing some notable reduction in trading volume over the next few days or weeks, in the wake of a violation of those prior lows. Also, there is the element of having a ‘false’ or ‘inaccessible’ opportunity to deliver an order to my former asset management colleague. I associate him with the idea of being an industry professional, in this case, primarily on the buy-side, with a less-active approach to wealth management, albeit with well-considered and disciplined decisions. That could be indicative of general professional interest in buying around the low $20s, as price has not been this low in several months. The fact that I was offered the job but couldn’t accept makes me wonder if perhaps the prime location for a potential buy order will only be available in the extra-hours trading. With the inclination to use options on the SLV ETF as a vehicle for participating in the next swing, I’ll be restricted to prices available during regular day-session hours.

So this seems to point to a situation where price is not likely to trade significantly below $22 in the near term.

However, this recent dream of the “Steakhouse Sellout” is giving me pause on pulling the trigger for initiating a trade position. In this dream what I thought had potential to become something delightful relationship-wise turned out to be a ‘toro-oley!’ moment where my enthusiasm was used to bring me to her place of business, where her efforts and loyalty were actually more aligned with her employer’s than with her interest in me personally. I was reluctant to make a purchase in her pricey restaurant after reading the situation as a mild form of betrayal.

Without conviction, more patience is needed.

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