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ok thanks for inputs. I will keep an eye.

I don't know the answer myself, but at least market does not behave in an erratic way other than the last half an hour. I know conceptually the reasons behind it : imabalances, leverged ETFs rebalancing etc., short covering, intraday margin changes etc. What I am saying is its probably...

ok thanks will search and read them.

Maverick, what do these numbers mean.

satchel, i know you called it but i wasn't sure you saw it coming so clearly. will you please explain what you saw. because it was a complete surprise to me .

haha....but question is could you have predicted it and profited from it. What i am saying is last 30 minutes trading is random and should best not be attempted. atleast based on my limited experience.

I am coming to conclusion that trading last half hour of RTH session is gambling....no order to things here who can explain this rally in last 15 minutes ? anyone ?

Oops, stupid me, need to learn to hold the trades for longer period. hurts, but I am still in learning phase so will excuse myself :)

covered at 53....seems there is lot of support down here, it might still break 50 though, but i am on sidelines for the moment. Will short 56 again, if it reaches there.

Still very new to ACD approach. So, just trying to observe and understand whats going on. So, thanks for commentary :)

price playing with 20 EMA....good point to sell for those who couldn't sell earlier.

Thanks for your analysis ammo!

Imho, tick extreme shouldn't mean that we have seen LOD. If my understanding is correct, this is a very big news. Even if price retraces 2-3 points, I am reasonably sure we will see under 1250 today.

definitely the probability of 1232 is lesser than 1244....and always some dollars in pocket is better than giving back to Mr. Market. I am putting in my buy limit at 1244 and see how it goes.

I am thinking if I should move the target to 1245 ?? Or, maybe even leave the short overnight and hope to cover around 1232 or so ??

Alright Sir, Thank you very much. Thats what I would do too. Glad to know that you as a senior trader also follow the same approach. This new is obviously super-negative for Euro and all other risk assets by correlation. I don't have data for Bund, but I guess long Treasuries-Short Bund could be...

Maverick, as a successful practitioner of ACD approach, will you also take into consideration the news about S&P putting AAA European sovereign on credit negative watchlist while making your trading decisions now, or will you just go by that Euro made a A down at 1.3386. Thank you very much.

on what topic he is gonna speak ?

LOLL

stopped at 1260, and reversed to short at 1259. Target 1252 at least, maybe 1240s....let us see..... S&P putting european AAA on credit negative is a biggggg news.