I traded in the spooz pit when you could SCALP one point moves (not many times, but they existed). A ten point move, especially now that the points themselves are way less than they used to be in terms both of percentage (not much you can do about that!) and in terms of dollar value, is not exactly a cry for mommy. And such a BIG move when almost every trader with any money is out of the markets???? Crap.
These are the times when the bank of Malaysia used to come in and throw their weight around in the stock and currency mkts, (before they decided they could back down the entire interbank market with their precious ringitt), because they knew none of the big boys are playing and they could swing it. Ain't nobody home, and moves don't mean anything this time of year, and anyone who knows anything knows that.
I miss the limit down days on the noodles...limit down shut down -65...
Free fall baby...big red sticks...
Ripping through ticks like a runaway freight train...
What a rush...
It was net down about 13 yest, but what was killer is that it was plus 5 or 6 and then just went into free fall...
I have been short for the last two weeks or so just riding out the chop...so it was fun to watch the open position counter spinning up like the national deficit...LOL
Today was as expected ...narrow range chop fed up by cranks and makers...
Still short a boat load...