2:00pm Well, as much out of step I was with the market in yesterday's debacle, today's been pretty much error free and I'm going to keep it that way by shutting down for the day here with the release of the FOMC minutes.
With respect to going back to work after yesterday, I must say that while I normally have no problems going back to work after a Driver's Ed Video day -- which has been my strength over the years and formed the foundation for this year's cornerstone concept -- I tossed and turned a great deal last night thinking over the day. Fortunately the Sox won and helped my mood a bit, and I'd also like to thank Ronin for his pick-me up comments last night -- that's what this evolving forum is all about as we work to strengthen each other.
So I had the following checklist coming into today:
Reduce size - Check
Don't force anything - Check
Get into EESM mode - Check
End the morning green - Check
End the day green - Check
I said recently the market seldom does the same thing on Day 2, and that certainly held true today where liquidity-providing fades were very high probability and all worked out well.
What did surprise me frankly was that by 2pm, I ended up recovering a whopping 30% of Monday's draw and have now come back almost 70% from my low point on Monday. Even I'm having a hard time believing that.
Thankfully, life is full of tomorrows ... and we have another one, well, tomorrow.
And speaking of tomorrow, a reminder that the PalTalk Lounge will be open for a beta test Wednesday evening at 7pm ET. Virtual drinks are on me.