Wednesday, September 19, 2012

Mind Numbing Range

The HFTs must hate Bazooka Ben.  The volatility has been sucked out of this market in the ES, and everything else except crude oil.  Either half of Wall Street are Jewish on vacation or we're going to have to live with nonexistent volatility for rest of our QE infinity lives.  Who needs options when you are trading 6 ES point ranges every day?  The last missing ingredient for a top is range expansion, while trading sideways.  Definitely not there yet.

No comments: