Head Scratcher .... |
| JATS CUSTOM, Solver JATS BD |
A lot of people were wondering today where the sudden market move came from. Given that the Fed Chair will appear before Congress on Wednesday to justify raising interest rates in a global recession. And all the other reasons to get out of a highly over-leveraged market, like the PEG ratio (price/earnings to growth ratio) is at its highest level, EVER. Like most of the small-caps in the S&P 500 Index have a negative IBIDA, -- get this -- without the energy sector. Like for a host of any other good reasons, for instance,
Also, according to the Zero Hedge -- corporate bond refinancings are going through a corporate stock buyback cycle, so then the companies can refinance the new debt through bonds. Wash, rinse, repeat. But today's rally can't be just that, can it? Not with China lowering its reserve ratio requirement and Euro Zone deflation. It must be a short squeeze. Or the Fed is trading again ahead of Wednesday.
So thank goodness for BloodHound. It is the only way to keep your brain out of shorting each inflection at the top.
It also helps to put a large size UniRenko chart up, like the example above, and make sure a candle closes before closing the position. Trading can be as much of how much risk you assign a trade, and then only trade in one direction. The UniRenko can be custom fit for your risk.
It also helps to put a large size UniRenko chart up, like the example above, and make sure a candle closes before closing the position. Trading can be as much of how much risk you assign a trade, and then only trade in one direction. The UniRenko can be custom fit for your risk.
