Possible Capitulation today - Buying only

9:59 - Im not sure if this is capitulation, volume is not high and I don't see any panic sellers. MM are on their own. I plan to sit it out today, we will see EOD or Monday.

10.29 - Remember not to buy agressively, today is Friday....there is a reason why there was a BLACK MONDAY

16.00 - Alrite folks, looks like nobody panicked. This is not a capitulation. Not sure if we need one. Frankly, Im quite irritated by the VIX!




OPEC has agreed to cut supplies and are now making their press conferences.

Worldwide markets are experiencing major selloffs, and the selling is still happening right now.

When US markets open, we could possibly experience a possible capitulation kind of sell off.

I am planning to stand aside until things bottom and am not thinking to be a seller.
If you are thinking that you can make money by becoming a seller...you could be wrong. Reason being the spread could be quite wide.

So folks today could be a day to pick the bottom if you are willing to take the risk. By Monday, I am hopeful the dusk will settle.

Currency price targets review
EURO - 1.25 target met
YEN - 91 target met
GBP - 1.55 target met

Strategy: Day trade only, no overnight holdings. Buying big positions on Monday, Tuesday only