Friday, September 14, 2012

So a long liquidation it is...

Yesterday's buyers at the bottom of the bell curve...they just went / are going thru a long liquidation. 

So lets ask the question...what do we expect now?   After the last long liquidates...there should be a vacuum which sucks the market back up to the high mode / center of value.  The model doesn't have a place for initiating selling near the bottom of the bell curve.  I expect the lows to be in for the day...and I will try to buy a dip to get back to some ZN mode around 132-07 (at least once).  This is not the highest of probability trades...there is a lot of confusion in the markets today, and a lot of volume is trading hands.  I'll be trading with 1/2 units today.

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