Dooms day 6 - 10 Apr session
Characteristics of Dooms day markets
- many fake signals
- retracement pattern could be erratic
- day range tends to be small
- day range could be healthy but market moves in erratic chaotic messy jerky manner
- very little intercorrelation among the futures
- out of no where, market might move suddenly without any pre warning
eg Russell 2000 down signal @150a.
- signal tends to come much later.
You wouldn't hear about Dooms day markets characteristics from cnbc,bloomberg,wsj,bbc,reuters .... because those writers are not day traders.
plan for today : see earlier posting