Apr
9
A Market Symphony, from Victor Niederhoffer
April 9, 2011 |
It was nice that like the finale of a symphony in sonata form, the final measures recapped and coalesced the entire themes from the previous movements. Friday's move was the same in range as the entire week, and its up and down recapped all the previous Mon, Tues, Wed, Thurs reversals and return to the origin, and then it closed where it started the previous Friday open. Floor traders and conductors would love such movements.
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