HSI --- the perfect market

It is again way too volatile. 10-30 point gaps all the time. I am looking at t&s and see 22500, the next one 22530, and the spread jumps all over the place as well.

 

Now up over 1000 points since last nights close ... and I was expecting a quiet day.

 

It is because China announced last night that it now allow individual mainlander to invest in HK security market. Previously mainland Chinese can only buy A-shares listed at Shanghai or Shenzhen stock exchange, now they have one more alternative: HK stocks

I placed buy orders at the open today

 

Is the Hang seng trying to take over natural gas as the world's most volatile futures contract?

 

Pied piper pipes the futures, small brown furry chappies trading the index warrants (25% of cash volume) follow, then the cat brings down its paw on those who did not get back to their burrow quick enough..

 

N225M has been getting jiggy of late as well.

 

thousand point volatility for the third day . this is NOT rollercoaster anymore, this is a skycraper-bungie-jump-machine. hahaa

 

Its definitely not possible to scalp it anymore, but swing trading is still possible, albeit with enormous risk.

 

Wow the index is up nearly 16% in the total of about 8 trading hours. That my friends, is one loony market.

 

today it is very volatile