Did any mention that it was quarter end, so a lot managers want to lock in gains and get out of thier positions. On top of that 838 was an important technical level IMO, probably a lot of stop losses were a little under it.
...Experienced guys, was this a difficult, tricky day to trade or what?
The volatility hurt me with many head fakes. is this the usual reaction after fed day, and the last trading day of the quarter..
I strongly recommend you learn more about volatility analysis because when you do you'll realize it was the lack of volatility where many of the head fakes occurred more often than not.
Simply, once volatility shows up and stays...that's usually when we are able to reach our profit targets.
Mark
(a.k.a. NihabaAshi) Japanese Candlestick term
