interesting thread tonight.
re bucketshops, I've stopped trading IG and won't trade futs again til I trade direct market, its the only way. I'm also sure the bucketshops make it harder for successful traders to stay ahead.. limited fills, slow fills, requotes, skew of the spread, etc etc.. the 1000 cuts approach til they get their (your) money back..
re market.. yeah, I smelled a rally earlier tonight session but it was a beautifully timed comment from the fed governor eh..just when market was right on support.. funny that.. I'd been wondering how the fed was going to intervene at this critical level with fomc still quite a while away..
but metals are taking a hit and xjo is still in a rising rates environment.. I guess it will just tag along with the usa tho.. stocks are undervalued at these levels, selling overdone, bargains galore, etc etc
anyway, this rally should last a week or two I reckon, with fomc on dec 10
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