most people can't handle the Time element in the market, with the compression in volatility it's taken many people out of the game. Since March 5th the S&P is up a whooping 20 handles. To people that are holding bearish positions it probably feels like it's up 100 handles, it's just another dynamic of the Time element playing mind games on people. The S&P is 7 handles higher than it was 64 days ago, daily gyrations to weekly gyrations turn out to net nothing and in the process, parting people with their money.
The bullish candlestick pattern in TZA is still intact, and the bullish candlestick pattern in $RVX is still intact (did a gap fill of the gap created yesterday). $RUT is lagging the $SPX today, which is a bad sign for $SPX.
Time Time Time… dilutes peoples perspective relative to price level
We're 6 months into going nowhere and it's worn many traders out, but this behavior isn't anything new to the $SPX. I've put together a weekly chart illustrating the markets tendency to rest over time.
most people can't handle the Time element in the market, with the compression in volatility it's taken many people out of the game. Since March 5th the S&P is up a whooping 20 handles. To people that are holding bearish positions it probably feels like it's up 100 handles, it's just another dynamic of the Time element playing mind games on people. The S&P is 7 handles higher than it was 64 days ago, daily gyrations to weekly gyrations turn out to net nothing and in the process, parting people with their money.
7.16 is the low from last Friday. 7.15 is clearly the stop, but I'm not sure what the buy price is.
Looks like TZA might hit it's low at the end of day.
thanks dread.
Yes, true. When you have a position, waiting any time is torture. I personally can't handle another 3 months of this.
The bullish candlestick pattern in TZA is still intact, and the bullish candlestick pattern in $RVX is still intact (did a gap fill of the gap created yesterday). $RUT is lagging the $SPX today, which is a bad sign for $SPX.
Time Time Time… dilutes peoples perspective relative to price level
We're 6 months into going nowhere and it's worn many traders out, but this behavior isn't anything new to the $SPX. I've put together a weekly chart illustrating the markets tendency to rest over time.
http://www.flickr.com/photos/47091634@N04/44390…
moving day comes when the market has put to sleep everybody and then before traders realize it, the market is at it's next destination.
You did suggest that. I didn't take it, as I didn't want to add more TZA while underwater on the trade.
I'm out of TZA now, and that price might just come back.
Looks from below that he sold it.
But UUP hasn't broken through containment either.