This market is getting more confusing day by day (I just give up!!!).Yesterday we had an inverse H&S in 30 minutes, for which I had shown the target in the chart. Well that target was achieved albeit in gap up opening (so for the lucky few who had longs overnight had a field day). It wasn’t bad for the people who were left out yesterday...they had a chance to fade the gap which gave good profit. But the trading wasn’t easy; too many whipsaws and stops were gunned on the both sides. May be in times like these, you get to know the men from the boys (I am still a boy!!!).
It’s increasingly becoming difficult for the intraday players as well as positional to decide who is who. May be this is, just a momentary lapse of reason….but then, the markets can stay unreasonable, longer than we can stay solvent!!!
Speaking for myself, I am in a confused state of mind so leaving you with a thought to ponder upon:
‘‘Every man takes the limits of his own field of vision for the limits of the world.’’
Arthur Schopenhauer, 1851
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