8.22.13 “Fed Roller Coaster Ride…How’s Your Stomach?”

Yesterday’s market reaction to Fed Minutes was like being on a wild Roller Coaster Ride with no less than three +2 Standard Deviation (SD) moves down..up..and down to settle at low of day. Surely a wild ride for any trader’s stomach to handle.

Pre market has price back a prior day’s VTMP 1645…So all that craziness was “Bots Gone Wild”…

Today Strategy will be to look to buy n sell the extremes edges as they develop…With yesterday’s action Mr. Market needs to settle down and regain its composure.

Upper Zone 1651 – 1655  Lower Zone 1630 – 36  Three-Day Central Pivot Zone (3D CPZ) 1644 – 1648.

Remain Nimble and Disciplined.

Good Trading…David

Habitude Nine
I will identify my mistakes and learn from them. I am optimistic, realistic and honest. I will not make up stories about the good or bad things that occurred in the past or are happening now. I admit when something is not working. My optimism gives me faith and courage. I will not fall prey to blame and fear.

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