Winter solstice must be near as all the trolls seem to be coming out of the woodwork attempting to make themselves at home and stir up trouble. Which I of course greatly enjoy squashing with my Thor size ban hammer I keep around just for such occasions. But quite frankly we all have much more important things to attend to than to waste time on posers and wave wankers. For ’tis the season of giving and Cool Santa dropped by early this year to deliver a sled full of charting goodies. Let’s get to it:
It’s FOMC day and after Bill Dudley apparently muttered something about Bitcoin crypto currencies across the board exploded higher. BTC right now is pushing > 11,200 and there’s no doubt that it’ll be at 20,000 by the end of the day and 1,000,000 by Friday. Alright I may be using a bit of sarcasm here but I assure you that it’s not out of butt hurt (as I’m still holding a few coins) but due to tragically being equipped at birth with common sense and even worse, a relatively functioning memory of financial and human history. I know, it sucks to be me but someone’s got to carry that burden.
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.
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.