RE:RE:RE:RE:Interesting Energy MarketThe "grownups" , thanks for imparting that nugget of wisdom experienced . Your observations are only eclipsed by your arrogance . My trade ended up working fine , banks can't react fast enough to stop low hanging fruit from being first come , first served . Have a wonderful evening .
Experienced wrote: topdown99 wrote: Today makes no sense at all , selling seems to be running out of gas . The usual lunch time pressure is expected but I figure to back the truck up at 12:15-12:20 . Results in a week and shorts will need to cover .
My sense is that the "Grownups" have been punping the market so they can sell and ae now taking the market down to reload. The question is how low do they plan to take it before they buy back and start pumpin gthe market again with words like "the market over reacted to the Ukraine situation"...or...:the Ukraine situation will not affect profits of US companies". Another key indicator will be around 2PM, that's when the Fed Open Market Committee places its orders with its brokers. This gives the big advance notice to the big banks of what do as they "front run" their buys or sells for the Fed. This is why one often sees a big change in the market for the last two hours of trading. I usually take this as a cue as to what to do (if anything). Better to follow the big boys than fight them and get killed..lol