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Data point - earnings due out EOD Jan 27

Data Point - FOMC Jan 27

Next wed going to be interesting

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Note

Every time one changes context = it like changing the calibration / re-zeroing out a micrometer

The point of reference changes - but remains relative

In simpler terms - you're still using context to gauge / measure - but from a different point of reference

It why we all will see something totally different from the same chart - yet its all the exact same thing

Also why in my world - trends do not matter..., moves do..., and are exploitable



RN


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Just for all you bitches who maintain TA / PA doesn't work - Ha


And for the record - I still don't know a damn thing - uncertainty rules supreme

RN




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Age old question - change the context..., or no

Price made a case for it today

And it may have complete its journey from cycle H to L (reference circles)

But the current context still valid..., so what the hey - I say Let R ride at least another day

Hell.., it all relative any who

RN



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Taking off the trader hat for a moment and talking shop (random thoughts about the bigger picture)

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Mkt hates uncertainty - not the type of uncertainty we traders face incessantly day in and day out

But the uncertainty of not being able to make money..., not being able to orchestrate PA

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Fed prepared/ preparing to raise rates

Mkt's extremely low cost access to money.., is about to cost

Moving the mkt down - could be a good ole mexican standoff to see who will flinches first

Fed deferring rate hike to bring back / prop up mkt

Mkt systematically removing (freeing up) cash in preparation to move into bonds (these down moves have been no where near a panic - 07-esque)

Feds defer rate hike - mkt can always move back into stocks

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Next wed will be very..., very interesting imho

trader hat back on

RN
 
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