Monday, June 18, 2012

Pattern

The tape has exhibited weird patterns today.  For the 2nd time, after hours showed futures gapping up, but the movement was faded instantly.  This pattern occurred again on the euro zone news.  It was computer driver and nothing confirmed it.

I got bias due to my positioning and believed it would trend higher.  Of course I was wrong.  I took the 'sell' side.  Is this chasing?  I don't know.  Patter and FOMC day this week will make it interesting.

There are lots of artificial things in this world..

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