It’s been a rough week in an already dismal trading year, at least thus far. But to your credit you’ve all held strong and stuck with our script, especially when the going got tough and then some. So I think you all deserve some good news for a change. As I’ve already hinted on in recent posts, over the past year I have been working on a new IV related trading system in close collaboration with a very talented Chicago quant.
We’ve officially made it through the worst of hell week as the bulk of the CB policy announcements are now behind us. I actually had expected bigger waves over the past two sessions but it’s most definitely not time to get complacent and jump right back into the fray. As we’ve pushed past the mid year mark let’s take a step back and look at the long term price action YTD in several of our key markets. Which can only be summarized in having gone nowhere fast.
The VPS which was serving the Zero indicator until it died Monday afternoon mysteriously came back from the dead last night (no religious jokes please). Which of course had very little to do with the fact that Scott happened to have prepaid those cats for an entire year and thus managed to dispute the full payment with his CC provider. Because if that was the reason then it would serve as yet another reminder of the absolute and somewhat sad predictability of human nature.
Little did I know what I was heading into when I wrote about ‘hell week’ yesterday. Right in the middle of the session (Murphy’s Law never fails) the Zero indicator feed suddenly died and I subsequently was unable to get into my remote VPS. I filed a support ticket with the hosting firm right away but have not received an answer as of today. None of the phone numbers on their site work and it starts looking like the company just went dark overnight.
Herding Bias
