It's That Fragile

It is amazing that the market moved over 200 points yesterday by 3.30 p.m. but seemed to go nowhere. Keep track of this against our Dow projections.

We saw highs of 10,613, and lows of 10,441. The Oct505C was available as low as 10.70, and sold to 12.60. Another profitable day. We'll keep the position open for those that have not sold out, and are holding for more profits.
Meanwhile the hedge put moved less than a $1.00. We have likely possibility to 10,746 Fib tops by end of week, and an equal potential for a drop to 10, 240 area on any bit of fear.

It's that fragile.

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Commodities began a bit of retreat, and the market showed many signs of continued upside, but with fragile conditions.


http://noir.bloomberg.com/apps/news?pid=20601087&sid=aLklf38Rfqxw&pos=3

Import price data, and the Empire State Manufacturing index will also report. This data measures well, and astute traders follow it's movement, and is relates to cause and effect, and supply and demand. Study our website in the password protected area to see how we use the Wyckoff Method to chart stocks, and to understand how to trade all options, around supply and demand.

And Fear and Greed.