People have recency bias.
I believe this is hardwired.
It is hard to get around.
When the tape get whippy and rampy like this, people get stopped out of positions, 2 or 3 times, then they reduce their position size or tighten stops even tighter, or they sit out.
The market has "classic deception" moves and setups.
We are in one of them.
I predict the move is down big on US equities.
As per MarketSniper--The Market will act so as to cause you to act against your best interest.
Don't be deceived.
Agreed Steveo, market looks like it is shaping up for a nasty downturn.
ReplyDeleteCheckout this candlestick interpretation of one of the volatility indicies...
http://whatisthatwhistlingsound.blogspot.ca/2012/05/possible-bullish-candlestick-pattern.html
I don't know man...look at the put/call. The Fed money is still flowing and put/call is very, very high right now. If there is a down move, I think it'll be a quick hit, followed by a massive short squeeze.
ReplyDeleteThanks for the heads up. Been to busy to view my put call indicators. Actually all of them are implying bullish, I will post later..
ReplyDelete