The market is acting inappropriate (these days?) and its hard to make a conclusive evidence to make a sound judgment how we can react or take action with its bipolar? (as Warren Buffet sometimes referred to?) behavior.
When the market (re)acts that way, so does most of the participants?
I don't know, but when the market is acting like this, the best way for the trader is to stay idle and let the market do what it wants to do.
Have patience and wait until the market settles or when the market becomes rationale.
For today's market, it's still suffering a disorder and (was) not yet diagnosed when or what kind of cure/pill to be given to.
I guess the market needs a tranquilizer to take a breather or the form of recreational medicine (like that one that was ratified/legalized by some states?).
As can be seen from this 5-min. chart (unless you are an HFT's), if you are trading alone as a discretionary, you cannot trade this in comfort? or it will be hard to participate.
I don't know but this is how i can characterized this market as of the moment.
This is also a lesson to learn for the future, since the market as we all know is always acting in an irrational manner.
No doubt about that, we cannot expect the market to act efficiently.
That's why we as traders needs to learn from it and work on our self too.
