“Question is, can it get any worse!?”
First half of the week waiting for the faculty lounge Twits from the FED … second
half of the week, dealing with the fallout of the faculty lounge Twits from the FED
… markets were never meant to deal with shit like this on a day-to-day basis, but
in the POLS 🙴 Apparatchiks trading paradigm we find ourselves in, it’s all that
matters anymore.
The moves in gold are particularly troublesome … major reversal after major
reversal, day after day with very large ranges is more indicative of a major
topping in a market, not a continuation of a bull trend … problem for everyone is
simply that we don’t know where the ❝line in the sand❞ is for the FED and the
scumbag bullion dealer banks, and the ❝Rally Protection Team❞ [RPT] … this
extreme whipsaw trading action during the day has seen the ranges for the M1’s
go bat shit crazy, with it not unusual lately to see ＄2 PLUS ranges minute after
minute … throw in widened spreads and slippage on market fills on MAX, and
you have a very toxic environment for trading … just like the scumbag LP’s want
it.
Sure, everybody likes volatility, but volatility is a double edged sword, and if you
get whipsawed around on the spikes from hell, either up or down, it’s gonna kill
your account … gold needs to quiet down some, and the fucking idiots at the FED
need to STFU and sit down.
Directly below the 20 Day Range MA’s … this week adding the DOW30 AND
GBPUSD.
click on any chart to enlarge
More than likely another volatile week dead ahead … we’ll see what happens
… until tomorrow mi amigos … Onward 🙴 Upward!!
Have a great weekend everybody!
-vegas
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