Quad Day

Quadruple witching day. Wow, I thought it couldn't get better than triple witching. Lot's of stuff expiring today. Everyone has an agenda of where the market should close. My vision was a new high which happened. The day's range, at least while I was trading, wasn't brilliant. I'm happy I banked my ten point buck (was it yesterday?). The days flow one into another.

I both love and hate the week-ends. Love them because I have time to do other things - both private and research. And hate it because the markets are closed.

Trading is an occupation that can provide you with a nice life but it's an occupation that, I think, requires you to have a passion about it. We love the money, we love not having a boss, and we love the high of seeing green at the end of the day. But most of us also love the actual trading. The working out of what is going on. The Sherlock Holmes or Poirot of it. The Columbo or Perry Mason of it. That's the high and they pay us for it.

In line with my vision today, I used the EMAs as support and just jobbed the market from the long side. It was not very interesting as it was slow but hey, there are quite a few days like that. Volume was not a lot of help today. I think we are heading for the Fib target of 1120.00 or so.