22/08 Indices, page-160

Very tough to make near term calls until JPow does his thing.

A big rip or dip can come off the back of one or two phrases that the market may interpret good or bad, as we've seen with Fed events before.

What's makes it muddier is that sometimes bad is good and good is bad.

Been a good week for my ST positions as kept ranges tight leading into Jackson Hole but the sphincter has got a little tighter holding my longer term shorts but gotta risk it for the biscuit, right?!?

Last year we saw a 35pt rally after JPow spoke and this was held up for a few sessions until it rolled over into a month long sell off.

Moral of the story - stay nimble and don't over commit unless you have a very strong view and risk tolerance...