After trading for 15 years, I'm so sickened by what this market has become, actually it's always been rigged but its ridiculous now.
We have a few down days and QE talks start again almost immeadiately, as everyone is just hammering the BID with a JACKHAMMER. GC's, CL, RBOB, SPOO's ETC!!
Its just ridiculous, soon as we start to form this bearish flag and broke below it at 8:45am.
Oh yea soverigns are again saved as we just hit the CTRL + P cuz yields started to rise again.
It's unreal, as much as I love trading and have made great fortunate to do it for a living and be sucessful, I'm just annoyed with the way this market trades.
This market is a heroin addict and when they run out of H what happens, you get sick and start puking, nasuea, ETC.
Which is what will happen to this market.
My take is they will be forced to do QE to keep yields from rising and this will cause a run up in gasoline that will break old highs, and when gas gets close to 5 which I think it will. The nations perspective will panic and people will drastically stop spending, one because of erosion of wealth and the FEAR that will be instilled in them.
That my friends is when the market will be at new highs and all of us smart traders will be SHORT Futures and writing calls!!
We have a few down days and QE talks start again almost immeadiately, as everyone is just hammering the BID with a JACKHAMMER. GC's, CL, RBOB, SPOO's ETC!!
Its just ridiculous, soon as we start to form this bearish flag and broke below it at 8:45am.
Oh yea soverigns are again saved as we just hit the CTRL + P cuz yields started to rise again.
It's unreal, as much as I love trading and have made great fortunate to do it for a living and be sucessful, I'm just annoyed with the way this market trades.
This market is a heroin addict and when they run out of H what happens, you get sick and start puking, nasuea, ETC.
Which is what will happen to this market.
My take is they will be forced to do QE to keep yields from rising and this will cause a run up in gasoline that will break old highs, and when gas gets close to 5 which I think it will. The nations perspective will panic and people will drastically stop spending, one because of erosion of wealth and the FEAR that will be instilled in them.
That my friends is when the market will be at new highs and all of us smart traders will be SHORT Futures and writing calls!!