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TFC Commodity Trading Forum

Re: Ng ??/Haligonian
In Response To: Re: Ng ??Lee/Trades ()

Yes I've read about the Chinese buying Daylight etc. That is actually concerning me on this breakout on the ETF:FCG. It may be a false breakout due to takeovers and that is a concern. Especially with the SPX right at price resistance and very very overbought short term. Nothing has changed in the world economically. While I watch charts I am concerned about the 'reaction' over the weekend come Monday morning of more ugly news regarding debt and defaults in Europe etc etc. That's when the High Frequency traders and other Big Boys trash the markets and then reverse. With triple digit swings daily one can forget about stop losses as they'd all get hit regardless of where they are or how far away. One has to be a scalper now days to survive it seems.