To me, this is the best environment to learn risk management, one must be picky about what price they short. The fact that I haven't blown my account out shows I've grown ... haha
The dollar is running the show, and the fact that the Euro made its high on 11/30, has really contained the equity rallies. I still don't see the dollar topping for the rest of the week, however the dollar's upside might be a bit limited from here. Either way, I think its best to either be flat or short any relief rally until next week. Tough market until the cycles stop fighting each other. It looks like down-surprising up-bigger down for the next 4-6 weeks.
Pata sees the action really well and never got caught up in the 1400 spx that I saw everyone predicting. If that is to happen(outside chance), it would be the grand finale and wouldn't be until mid-spring, IMO. Definitely not worth getting your hopes up for, bulls.
All that said, i need a lot more clues to be sure of anything in this market.
To me, this is the best environment to learn risk management, one must be picky about what price they short. The fact that I haven't blown my account out shows I've grown ... haha
ReplyDeleteThe dollar is running the show, and the fact that the Euro made its high on 11/30, has really contained the equity rallies. I still don't see the dollar topping for the rest of the week, however the dollar's upside might be a bit limited from here. Either way, I think its best to either be flat or short any relief rally until next week. Tough market until the cycles stop fighting each other. It looks like down-surprising up-bigger down for the next 4-6 weeks.
Pata sees the action really well and never got caught up in the 1400 spx that I saw everyone predicting. If that is to happen(outside chance), it would be the grand finale and wouldn't be until mid-spring, IMO. Definitely not worth getting your hopes up for, bulls.
All that said, i need a lot more clues to be sure of anything in this market.
I meant to say 12/2 on that euro top. And that makes a big difference in this case.
ReplyDeleteNice observation, thanks !
ReplyDelete