Aug 242015
Volatility is still the word of the day as Asia gets hammered overnight. Huge put/call ratios going into Friday’s close though have me suspicious of a looming bear trap. By the time cash opens today every living human that wants to be short will likely already be so. Then what happens when there is nobody left to sell? No big news on the calendar today so we shall see. Stay small and manage risk in this vol above all else…
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