A few days ago I got a bit frustrated thinking that I had missed several break out patterns which in hindsight looked hard to miss. Since then however almost all have turned on a dime and I am happy to report that I have already canceled my e-Bay order of a slightly used Japanese seppuku training kit.
Ti’s the season and it’s time to bring back an old tradition here at Evil Speculator: our special lair baked market outlook scenarios. Reason being that what I’m seeing unfold in equities opens the possibility for large outlier moves on the immediate time horizon, which means either by Friday or next Tuesday at the latest. Let’s get to it:
‘May you live in interesting times’ is an apocryphal expression often incorrectly attributed to being an ancient Chinese curse. Whoever actually coined it we will probably never know, but it’s clear to me that he or she was probably of advanced age and, having experienced a crisis or two, understood quite well the potential disruptive effects of large scale events.
Market volatility in all shape and form has over the years turned into a personal passion and lies now at the heart of my current system development efforts. There are several reasons for this, the first most likely being one you probably have heard about before, which is that volatility appears to be a lot easier to predict than market direction. Your mileage of course, as with all things in life, may vary considerably plus as you slowly embark on peeling this onion you’ll discover there are many layers hiding below the surface.