I'm still here! The trading is absolutely wonderful. Too many things to cover, but I was able to profit. Rode the short, down to 194 for a better trade and made up all losses. What a ride. I guess this is no typical capitulation. Whatever happens this week should either provide the bottom.... or signal that the entire financial system is insolvent. The question now is: WHO WANTS TO FIGHT THE FED?
This should be a traders market, and everyone should be ready to hedge or reverse at a moments notice. The wires are full of crazy ideas and inventions of interventions this morning. Should be a phenomenal week! The 189 targets are still on the table, but we should expect that this will be the beginning of the end of the current trend, and a correction will ensue. So many divergences that will eventually pan out. I am noticing the 60 min RSI forming a declining wedge pattern that still has not made new lows.
Rahul ur genius man
|