Infe Station, Manife Station, Fore Station – arrivée.

No Volume Period

In a no vol period moves don’t play out. Take for instance this mean reversion move. I was ready to go in with a full hedge just below the E-9.

Since I had no fills, I was watching in pain a no brainer rally draw down. Could had been the easiest money all year if I was conscious of the volume effects. 5k for zero effort. Managed to resist it.

Here you can learn for once and all the difference between regression and progression highs / lows.

The same no volume effect may have made this wave 5 up underwhelming. Why don’t I number every crossback? I need at least 3 hours from the last change of count to call a different leg.

The Unfair Value Upper Guard Rail (Green) provided support, but reluctantly and the count talks of a complete structure.

The E-9 is getting too close and the untested E-414L/E-712M zone although wide is now vulnerable too. It could be crossed with either high velocity or a consolidation in the thick of the greenery. Once surpassed it would turn a too wide empty space to cross back.

The volume and the volatility is going to return along with the new money and the upside possibilites are currently exhausted.

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BAE is in the building. Used to pay a million a quarter rent when they had the whole floor. Mow they are sharing it with Exxon.