Hammock Friday, page-14

To me, this is a no-trading day. Have a drink, read a book etc, because I expect a slow grind down. A lot of traders are going to be doing bad position sizing and getting stopped by the volatility as the market whipsaws and stubbornly stays up as existing shorts close their positions every time the market goes down a bit. Eventually, there will be those that will give up and close positions in frustration - only when most participants give up the market will make a sharp move. When it comes, nobody would be able to predict it. This is how things have always happened. I've turned off my trading station and put my stops. Good luck all!