green line and red moving average below could be the target and the key, breakdown would be Double Top, hold, the still it could be Rectangle as I mentioned in today's open statement.
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this type of market makes me not want to be a trader. this madness is too much for me. i think i may take the rest of sept off and hopefully things will settle down a bit. need to remind myself trading is a marathon and not a race
The simultaneous “sell the market” signals suggested by IWM and SPXU this morning (see published charts) worked... for the time being.
I am following all directional (un-hedged) trades with tight trailing stops.
cougar wrote:Volpinacci (my espresso machine) just said: “…you should thank me for buying at the preset horizontal support…”
$ VIX and VIX Oct calls (update):
Someday I am going to have an espresso machine like yours and I'll attach it to sking, surfing and car engine equipment like 99er. While I'll be surfing, I'll drink but until that day.......
operation twist is supposed to target the long end of the curve ( tlt is 30 yr bonds ) so i guess some people are front running the fed buying?
but isn't it a rumor instilled by the market aka Bill Gross? And wouldn't one think that its already baked in and once the news is out, you sell bonds?