Wed December 5 - Here we go again.

Well, that didn't long now did it ? SPI Futures traded in a 113 point range last night, high being 5728, low being 5615, with a close this morning of 5625, down 77 points, on volume of nearly 15,000 contracts - a lot for us. Based on that range, I think I'll just stick with a few lines today, with resistance at 5713, 5699, 5684, the pivot point at 5656 and support lines at 5628, 5613, 5586, 5571 and 5543. DOW smashed, down 3.10 pct (799 points), SNP down 3.24 pct, and Canada (resource driven) down 1.41 pct. Green on the screen in VIX land, up 25.91 pct to 20.70 which sounds rather a lot, but still in the 20 zone. Gap up at the pivot point - 56. I went long at the close, so wish me luck.. Write this down - Buy the rumour, sell the fact. On my wall, I have a picture of the day the DOW fell 777 points. It beat that today. Need a new picture. Have a nice day. Don the Tariff Man.