iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,121 Blog Posts

Time To Visit The Crime Scene

News driven moves are great context.  Typically, and eventually, the market likes to ‘check back’ to the price level where the move initiated.  We call it returning to the scene of the crime.  It was the basis behind my primary and 3rd hypo this morning—this proclivity to return to the crime scene.

The Nasdaq is doing just that and almost exactly how we envisioned in hypo 3 this morning.  I am done trading futures for the day.  We hit my hypo 3 mark at 4160 and I am cashed up for a weekend of cider, pumpkins, and fast women.  But I will stick around and see if I can hunt down a nice little stock to take into the weekend.

There’s order to these markets.  There has been for weeks, despite the downward directional force.  I like it.

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2 comments

  1. pb

    Just stay away from the pumpkin beer. Egads but that stuff is awful!

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