If there's anything I've learned about this market over the past few years of watching it incessantly it is: on a day by day basis, the movers, shakers and button pushers are doing their damndest to FAKE YOU OUT, and TAKE YOUR MONEY AND HEAD FOR THE EXITS. This is not cynicism, it is simply their business.
And I'm come to the conclusion that I can't complete with them on their terms. So I need to find longer cycles in which I don't need to be the quickest player (cause I ain't).
Today's action is case in point: Mr. Market is plainly off of his meds. Flat futures, then futures up 1%+, then bad employment number, flat open, then averages shoot up 1% AGAIN, then back off and are now DOWN. Plainly this is a market that needs to be watched, and not traded yet. It is not a "quality" upmove, but not shortable yet, either.
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