This is so eire, its like 2000 all over again, what a total head fake. When was the lat time you saw a head fake like that? that was a 200 point round trip in 40 minutes.
How long can this crazy volatility last? Was the past few years just a dry spell and the volatility is here to stay or is this only temporary? All I know is this volatility has KILLED me the past month or so. Was doing great a few months ago and now i'm getting slaughtered, mostly due to the volatility is taking my stops out way too easily. Need to reevaluate my stops, they are getting hit nearly every trade, and when they arent getting hit i'm still taking profit after 10-15 point moves. Those moves were what I targeted to capture a few months ago. Now i'm watching my same entries make 50-60 point moves and i'm missing the ride nearly every time.
11670 was the high 10% pull back of 1167 puts us at 10503 looks like a spot on the tredline, maybe we bounce up off one of those areas where it broke out of but 10500 is possible can't get the chart to post
Today was crazy. I couldn't believe the reversals. The trend line has held so well up above, that once it breaks, things are going to get even crazier, to the upside. <a href='http://putfile.com/pic.php?pic=6/16316143440.gif&s=f5' target='_blank'><img src='http://f5.putfile.com/6/16316143440-thumb.gif' alt='Click to enlarge'></a>