Tag archive for ‘50% retracement’
Retreat
The overnight players started a retracement that turned nasty during the RTH. The market got going south right out of the gate, and never looked back.
There was a feeble lunch bounce, but the tone of the action suggested the train was being backed up, so the question was “how far?” I noticed a few traders [...]
Houston, we have a problem
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The pullback that started after the open Friday continued today. Fibo traders looking for the 50% target found smooth sailing today hitting every bounce.
The week after option expiration is a great time for the boys to revert to the mean as it does significantly less damage at the beginning of the new month cycle.
So they [...]
Confuse us says: The long and short of option expiration
Option expiration is a study in volatility.
If you accept the premise that wall street insiders have an edge, then you are ahead of the game. The trick is to synchronize our mind with theirs, and stay one step ahead of the pack rather than always being a step behind.
If you also accept the premise that [...]
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