March 09 Market Reversal
This day will go down as the biggest blow-off text book reversal day in the history of mankind. Group think is a manifestation of your own much more deeply rooted psychological impediments. Mental handicaps. Note it for the nth time and move on.
All the littles had textbook short written all over them on the open. Where were you looking? Oh ya, standing around staring at the projector. That’s not gonna happen again.
FRE/FNM/AIG.
FAZ and SKF were textbook overnight holds. Regardless of their own individual chart, which makes me remember why I like this profession so much, but mainly because the VIX exploded today. And TRIN? That dandy little reliable heart beat of the market. How poetically it jumped from bizarrely low readings to all of a sudden FLASH 1.35 1.45 1.55. Unreal.
Tune everything and all else out. Focus on what you are a professional at. This is about expertise, not “protocol”.
Proprietary Traders Worldwide
