Mar

29

When no friends were around to play, I would spin nickels like little tops. Dimes were harder since they were smaller, and there were fewer of them. Pennies were plentiful. I would try to see how many I could get spinning like a top at one time.

Watching the market paths recently, in line with Chair's study on dimes and nickels, June ES seems roughly like a coin spinning around the dimes and bouncing off the nickels.

From Steve Ellison:

I have been thinking in terms of quarters since the frightening intraday drop of March 14 that left a low-water mark at 1375.9 and the rally later the same day that breached 1400. The post-Fed exuberance was turned back just above 1450, and today the market rallied from just under 1425.


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