Thursday, January 2, 2014

New Year's 5 Minute Fest

Limited post today.  Taking care of an aging mother all day long (all day) can be tiring.

Last hour of the year fed spike taken back today in splendid fashion.  Just in case you missed it, this is over 10 points of utter nonsense the last hour.


And I'll be darned if my SSD hard drive didn't just crash again.  System re-booted and ka-poof.  Now I'm on my 2002 10k rpm raptor back-up hard drive (again) that has never failed. Time to dump the SSD's and just clone this drive to a mechanical, I guess.

Geez!

Structure was predictable today.  I actually liked the day despite not being able to trade it much.

The expected response tomorrow would be a buy response on today's low confidence push lower.  But I'm not fighting a drip lower if that's the game.  We've seen that game in 2013 pulled off quite well many instances.


I just love the 5 minute today.  For the trading dweebs here at the site, this structure is just textbook.  It's not easy to surf it during the day without absolute implicit knowledge, but we are always amazed at how so many patterns repeat. 







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