Late Night Tradewinds

Like most who trade, I keep a different schedule than the usual 9-to-5’ers I see riding the subway or bus glumly at the end of the working day. I stay up and check my charts, run some more studies and see how the Nikkei is ticking along. Europe opens and I get a feel for the wave of buying or selling that will soon be crashing upon my native shores.

It is contemplative work. The charts may automatically draw themselves with a bit of help from diligent data entry, but in the end you are staring out into the trading abyss every day – peering out into the probabilistic chaos known as the ‘future’.

The future I see for the indexes isn’t good.

The final cracks in the market action are there, with those that have the proper instruments to see and record them. And all the while I bide my time until it is the right moment – flash in the order and let it all go. The currents will take hold and I’ll witness the waterfall as equities roar lower with thunderous rage.

We’re close – make no mistake. I fully expect some green before the tide turns. It will look good, and you’ll be tempted to setup a nice shack on the newly formed sandy beach of the bull move, maybe noodle around and get some fishing done. Don’t get too comfortable, your vacation spot is next to the falls – and I think I hear the creaking of barely secured pylons giving way under your holiday hut.

Reversal of fortune can indeed become the best of opportunities.

Good trading!

Trader Tim