I've already mentioned this to you, but I think sometimes people forget things like this in the heat of so much emotional back and forth that comes with increasing volatility.
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The email was simply about the choppiness of the market today, yet the range is narrow, it seems like an op-ex move thus far, as the day wears on and more contracts are closed, the market becomes less restricted by max pain and starts to move on its own, usually by 3 p.m.
My response was this, a reminder to all...
"This is the volatility I've mentioned, it will continue to increase, it's a sign of bad things for the market, but it will go both ways, the one thing Wall Street DOES NOT WANT, is for ANYONE to be in one their trade when it moves, they want everyone shaken out and chasing the trade, that's how they make their money, not by having retail move with them as we try to do (using 3C signals to follow their actions)."
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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