CAVEAT: after almost 30 years trading, I learned too many lessons the hard way so I do not trade on conspiracies, plots, and holy grail systems. As the nature of the markets changed a few years ago, I decided NOT to hold trades overnight or longer, except QQQ or SPY options and a few crude oil & forex positions - mainly EU and YEN. I trade bar by bar, quickly analysing every bar and use a few traditional indicators to make trade decisions. However, I do note the moving averages and Fib values because many traders are influenced by them and I want to know what the market is looking for, and when. And, I do take note of a few rare coincidences like this one:
The “Navarro Falls” Beckon
Right on schedule the barrel and catalyst — in the form of Gary Cohn’s resignation — cue up to take stocks over the waterfall.
Let’s call it what it is, “The
Niagara Navarro Falls“.