The carnage, hysteria and meltdown continue. Stocks in freefall yet again with additional hundreds of billions being wiped off the value of shares and people losing their jobs and livelihoods. Yet I look out my window and all looks quite normal. No mass destruction or bombs going off, no zombies walking the streets, shops fully stocked where I am. Just when will all this madness end?
Ironically, Friday saw another decent day in both our Long and Short Dom directions in all instruments, with early Jath trades being spot on. Aggressive profit taking saw some manic movements leading up to the US open though.
Again we had high volatility with a maximum potential of 1,520 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 152 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
FTSE 100 Now Under 5,000
