Month end is 1 week from today. Lemming effect trading will be in full
swing. Meaning the markets will get pushed directionally over certain
trading time frames and then can have a very abrupt about face.
1179.70 spu,
2122 nasd
98.37 Aud/Usd
The above #’s are the Oct. closes
Short term traders who press directional weakness into these areas looking for
follow through will likely have a very bad experience.
$80 Jan. oil is another level to match up your trades. This was the low of the last break in the
Dec. contract.
I came ever so close to throwing up my long SDS hedges yesterday. I’m very happy
that my trading mask was on so I couldn’t watch the screen.
Trading will be thin and exaggerated over the coming weeks as everyone gets into party
mode for the holidays.
