Whipsaw Galore
Whipsaw Galore
UPDATE 12:45pm EDT: Boy, that’s some ugly tape – hating it. Frankly, right now I don’t have much to offer besides this:
We seemed to have transitioned into a new channel – observe how we gyrate up/down with some pretty wide swings. I think daytraders are loving the action today but as you know that’s usually not my cup o’ tea.
Anyway, instead of babbling on about this crazy tape I will probably remain quiet into the close unless something exciting happens. Prefer to keep hacking on that new pet project I’ve been talking about. For the record: I don’t even think I’m going to touch any of this until we arrive at what seems a pronunced low [i.e. 2 of (A)] – anything in between is chop suey.
UPDATE 2:46pm EDT: Well, glad I held those puts – just have been letting them ride all afternoon. Not much to say otherwise. Another reason why we fade the news, rats 😉
UPDATE 3:35pm EDT: I think we just got ourselves a nice B wave:
I will add to my puts towards the closing bell as we might gap down tomorrow morning.