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On the morning of Wednesday December 26, the first trading day after the Christmas Day holiday, the ES (e-mini March S&P 500)) plunged to a new three-month corrective low at 2316.75, a full 21.4% beneath its September 21 high. In the hours thereafter, ES reversed strongly to the upside, from an acute oversold condition, and with a bit of prompting from the POTUS.
In my closing commentary in our member room at MPTrader.com, I wrote::
Before I start, two bits of business: (1) we really, honestly, truly think we’ve nailed the latency problem. Try and see! I am very interested to know your results. (2) If you didn’t see it before, remember we’re having a WEBINAR which I discussed in this post. In fact, the CEO just wrote me and nailed down a date and time – January 31st at 2 p.m. PST (that’s an hour after the market closes). So please go to the post if you haven’t and sign up.
So, now – – in my review of Coming Apart, I alluded to a questionnaire in the book which measures how much of an Overeducated Elitist Snob you are (and this is offered in the most loving way possible). Just for fun, take the quiz below – it only takes a couple of minutes – and give yourself a point for each “Yes”. See how YOU rate! The lowest the score, the bigger an OES!
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