Day 27 … result
Welcome to Volatility-Land …
20 points in the S&P or 40 in the NQ … no problem … 100 points in the Dax … whenever you want … down … up … down … and next attempt to the upside. I have to admit, that it is DIFFICULT …
No profit is save, no stop is far enough away … cruel game. Thanks again for the LONG opening hours … this makes so many things possible …
And even the S&P makes you SEASICK. And why? Because the FED and its Buddies from the PPT play their game. In the S&P you have a clear SELL signal below 1391. Market closes below that. Gets hit hard … trades 20 points below that. Then opens, runs up to the level … turns around, tests the low … and what kind of magic … runs up again.
So you can see it often … Market sells off … PPT buys … market bounces back … PPT sells to market players … market players turn around and sell again … PPT buys it back and squeezes until everybody covers … nice play … and even sometimes you think you see it … it is extremely difficult to follow as moves are sharp and last longer than you think, retrace farther than you can imagine … to bounce even more powerful than it is good for your health 
And for the PPT it is close to risk free … THEY KNOW, WHEN the FED acts and WHAT the FED does!
As the market nowadays is rigged by the FED, one has to live with that … sometimes, I don’t know, how … but as always … we will adapt … Darwin’s rules 
BTW … JPMorgan figures were a bit better than feared … Oracle finally buys BEA Systems. Bear Stearns hikes financial sector to neutral and the ECB comes to the rescue of the Dollar as members hint that ECB is getting slowly a bit more dovish … In today’s critical situation EVEN this is possible … OMG
Did not get it right … again … did I mention that I hate drawdowns?
So …
Trading days - 27 … Points made -27.0 … Total 351.0 … Average 13.00
Roundturns - Size x 4 … Total 68 … Average 2.52
Tags: 4me, ECB, FED, financials, JP Morgan, Oracle, PPT, result, statistic, volatility
