Tippy Sure it is starting to look like last years action . Not...

Tippy

Sure it is starting to look like last years action . Not sure if it will play out fully. I am staying on the sidelines for the next few days although today's 1.41-42 was tempting.

I don't think that the shorter's have played their full hand yet. They love playing into a falling stock market. Yellen is announcing the interest rate decision tonight our time. Sentiment of a rate rise is currently at 70%.
If rates rise the SM will fall. Either way I think there will be action next week. More so if the SM drops.

The hardest thing to do in markets like these is not to get too greedy (of which I have been guilty from time to time). Si I'll be buying two more lots, one at a happy entry price which has been lowered to the mid to high 1.30s. The other at a very happy entry point somewhat lower.

cheers Lies