The day was over before it even began … rubbing my eyes to make sure I’m seein’
what I’m seein’ at the start of European trading this early A.M., and it’s a bloodbath
everywhere you look … ranges blown wide open way past their 20 Day Range
MA’s, and IVIX INDEX levels that spell T.R.O.U.B.L.E. & extreme chaos dead ahead
… and on that front, the chaos only intensified, and we saw IVIX INDEX levels
today I haven’t seen before in the DAX30, which were well above 300+ at times
… now, if you know what’s good for you, you walk away and put your hands in
your pockets and away from any buy/sell buttons, cuz all that’s gonna happen is
you’re gonna get “blitzed” “bigly & yuge” … today not the day to see if the
scumbag HFT’s are making a fair market in the DAX30, or for that matter any other
market.
First thing I see is GBPJPY blown to hell, sitting on or near its low of the day as
Europe starts with an approximate 180 PIP range … “welp!, adios Cable/Yen, no
way I’m trading this crap today” … the NDX100 completely out of control and I’m
not wanting to trade that either … that leaves the DAX30, which today sees
[so far] a range of 650+ index points, almost 3X its 20 Day Range MA … 30 trading
days get taken out in less than a handful of hours … and the news? … round up
the usual suspects from the CHICOM WUHAN KUNG FU FLU to election jitters, and
take your pick … “don’t anybody ever give me any of this “honest markets” BS, it’s
100% bank manipulation … and if you think this is bad, take a gander over at
precious metals where both gold & silver got “monkey hammered” … why?
… isn’t gold supposed to “protect” portfolios in downturn phases?
… Bwahahahaha … another joke of a “market” … how many more lawsuits &
criminal prosecutions do you need to see”?
Turning back to the DAX30, not even a hint of a rally until the London Fix and
Europe closes … then of course, with Europe closed, the New York criminal Wall
Street banks can play however they like, and we got a couple of short relief rallies
that haven’t lasted long … quite frankly, and I’m giving you some advice here
… if/when any of the “Stock Bellies” get lower on the day by more than 2%, it’s time
to put your hands in your pockets and stop … this is a very real “danger line” for
indices, whether it’s the DAX30 or the “Puddle Dump 50” … it’s the approximate
demarcation line of normal give & take selling to pure panic … and once indices
markets go full retard “Thelma & Louise”, get out the “ugly stick” for some
potential beatdowns and stop loss selling that will make your eyes water … and
only the scumbag LP banks know where the stops lie and when/where to get them,
so beware”! … Yes Virginia, there’s “scumbaggery” everywhere in markets,
especially indices markets!
No trades today in the TURNKEY PAMM / MAM.
Like I said, the day was over before it began … what you saw today if you followed
it wasn’t trading, it was gambling … helped along by POLS & Apparatchiks that
can’t keep their PIE HOLES shut … onto tomorrow, and we’ll see what the DAX30
can do … “what’s next, locusts”?
Outta here … until tomorrow … Onward & Upward!!
-vegas
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