THOSE WILD & CRAZY CATALANS!

 

“We voted, now let’s party; the “Spirit” of Catalan Independence!”

 

“Well, that escalated quickly, didn’t it”? And, in the Asian session to boot, which means two things; 1) sell stops are gonna get “brutalized”, and 2) there most likely [cuz it’s the last trading day before a 3, or in some places, 4 day Christmas weekend] isn’t going to be any “fuel” for any kind of move later in the day when Europe opens … order books are now empty, customer orders raped & pillaged by the scumbag LP’s, and traders look at the M1 and say, “WTF was that”?

Four minutes after the carnage, and EURUSD is right back to the 1.18400’s area, which hasn’t been breached all day … not even close. So, coming to my screen and seeing this “clusterfark”, I got only one question; “Is there anything left here besides toil & trouble”? And, it’s simply time to throw the gauntlet down and let the market know what the deal is, which is; “Can you move 15 PIPS? It’s not a rhetorical question … it’s 08:00 and the EURUSD market is at 1.1852 and change; can you move to either above 1.18770 or below 1.18380? It’s not like I’m asking for the world here … for cryin’ out loud, it’s only 15 PIPS, and I’m not asking you to do BOTH, just one side. So, can you do it? Cuz if you can’t, you’re tellin’ me this is gonna be a slop-fest nobody wants to see … forget algo moves, they don’t mean anything in “chop-a-rama”, cuz all that happens is you buy/sell spikes and liquidate in the hole; multiple times. However, prove to me you can at least go 15 PIPS, and I’ll play … so, what’s it gonna be”? And, directly below, via the M5, the answer with the 2 aqua lines placed 15 PIPS from the 08:00 open.

 

I mean, seriously, “this deserves a double face palm Oy Vey”!

 

Not that this should completely surprise anybody; it is after all the last trading day, with shortened hours, before Christmas. And as I said yesterday, once about 12:00 comes around on the server, people in Europe will be heading for the exit gates; especially now, after they cleaned out the sell stops on the Catalan election news in the wee hours, and there is ZERO fuel for any market move … “where are the orders gonna come from, & who’s gonna hang around for more here”?

That only leaves New York, where I guarantee about 30 minutes after the open, the county morgue will be more active than any trading floor or group of trading desks. And so, here we will sit with, “a little song, a little dance, a little seltzer down your pants”, the rest of the day. If you know of anybody who trades during this time, please do an “intervention”.

Well, since I called the markets bluff today, we obviously didn’t do any trades. From the open, the extremes have been approximately 10 lower to about 5 higher … pathetic, but not totally surprising; throw in the election debacle cleaning out sell stops, though, and it makes perfect sense. Too bad we couldn’t have seen this during the European open, but it is what it is. Next week sees me back posting on Tuesday, with Christmas Day off … we’ll see what happens. Onward & Upward!!

I’d like to wish all of my readers a very Merry Christmas, and also let all of you that sent well wishes and prayers our way during the 2 hurricanes in September, and that decimated our “easy livin’’ lifestyle for over 2 solid months of complete hell here in the Caribbean … well, I want you to know from in my heart and soul, how very much I deeply appreciate your thoughtfulness and kindness … it meant more than you can ever know to all of us down here … May God bless all of you! I’ll be back on Tuesday mi amigos!

[All I want for Christmas is a spreadsheet program that works … seriously, how hard can “updating” be? When I get it figured out, I’ll post it.]

Have a great Christmas Holiday weekend everybody!!

-vegas

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