This move wasn't an error it was intentional all the feed saying computer error is loads of BS at best. . .
They sold the top and wiped out anyone who held long at the previous bottom. They could have easily intervened sooner if they wanted to. . .
A billion dollar system and no provisions in a case like this. . . I think not!
They forced many people who panic to close positions at a huge loss while 'big players" was busy buying the bottom. . . Lots of accounts got wiped out and the sad part is if you where on the wrong side of the trade there isn't much you can do to recoup the losses. . .
Me I was watching with shorts the whole time while the move was in the making and close most at 139 area but saw the move and sold back at 138.70 area for more pipage
Thinking like the big players we all knew that the move lower wasn't finished and 129/130 was the ultimate target in the long run didn't know Xmas would come early but there you have it. ..
Now we have NFP to look forward to 2morrow which I think the numbers will be "cooked" and the market will rally which may erase some of the DJ losses and rallying the market which everyone will be looking for something to give direction and looking for anything to hang thier hat on to end the weak at BE or at least minimal losses. . .
The interesting thing will be to see what happens when Asia wakes up and see this move as they probably wasn't a part of it so we could see some sharp moves higher once they get in. . .
Like others the buying point was 130 and I hope some of you bought at least a tiny bit to keep in your hip pocket. . .
I did and will hold to break even. . . as I think a low is in and can't see it reversing back to that low for some time but stranger things have happened - This move will leave many scratching thier heads today wondering where PA is going from here and what's a good entry point. . .
That will remain to be the big question as we have broken some temendous support and only intervention will be able to push price higher and it's too late to get in short at these levels so the market may sit dormant 2nite with people wondering and scratching their heads as to how to trade this mess unless you are privy to have shorted at the top or bought at the low. . .
Lets see if NY can get price back above the weekly LTL if not then we would see more selling to come. . . and a break of 129 will see 125 area next. . . This time market intervention could be limited unless Asia or ondon decides to buy off this low. . .
Al I can say is what a day, what a day. . .
They sold the top and wiped out anyone who held long at the previous bottom. They could have easily intervened sooner if they wanted to. . .
A billion dollar system and no provisions in a case like this. . . I think not!
They forced many people who panic to close positions at a huge loss while 'big players" was busy buying the bottom. . . Lots of accounts got wiped out and the sad part is if you where on the wrong side of the trade there isn't much you can do to recoup the losses. . .
Me I was watching with shorts the whole time while the move was in the making and close most at 139 area but saw the move and sold back at 138.70 area for more pipage
Thinking like the big players we all knew that the move lower wasn't finished and 129/130 was the ultimate target in the long run didn't know Xmas would come early but there you have it. ..
Now we have NFP to look forward to 2morrow which I think the numbers will be "cooked" and the market will rally which may erase some of the DJ losses and rallying the market which everyone will be looking for something to give direction and looking for anything to hang thier hat on to end the weak at BE or at least minimal losses. . .
The interesting thing will be to see what happens when Asia wakes up and see this move as they probably wasn't a part of it so we could see some sharp moves higher once they get in. . .
Like others the buying point was 130 and I hope some of you bought at least a tiny bit to keep in your hip pocket. . .
I did and will hold to break even. . . as I think a low is in and can't see it reversing back to that low for some time but stranger things have happened - This move will leave many scratching thier heads today wondering where PA is going from here and what's a good entry point. . .
That will remain to be the big question as we have broken some temendous support and only intervention will be able to push price higher and it's too late to get in short at these levels so the market may sit dormant 2nite with people wondering and scratching their heads as to how to trade this mess unless you are privy to have shorted at the top or bought at the low. . .
Lets see if NY can get price back above the weekly LTL if not then we would see more selling to come. . . and a break of 129 will see 125 area next. . . This time market intervention could be limited unless Asia or ondon decides to buy off this low. . .
Al I can say is what a day, what a day. . .
LOL
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