"The Way of the Samurai is found in death. Meditation on inevitable death should be performed daily. Every day when one's body and mind are at peace, one should meditate upon being ripped apart by arrows, rifles, spears, and swords. Being carried away by surging waves. Being thrown into the midst of a great fire. Being struck by lightning, being shaken to death by a great earthquake. Falling from thousand-foot cliffs, dying of disease, or committing seppuku at the death of one's master. And every day, without fail, one should consider himself as dead. This is the substance of the Way of the Samurai."
– from 'Hagakure, The Book of the Samurai', Yamamoto Ttsunetomo, used in the film 'Ghost Dog', 1999, Dir: Jim Jarmush
Open up above the doji pause day and push to the next level, and reaching the next long trend line at 2275.
Today of course we have the much anticipated Fed decision on interest rates.
And I wonder if Janet will soothe the market, or just simply placate it.
And we have reached the end of a major arm of the T structure, indicating a pause in buying power, and so we may well see some selling now. Keep your eyes on the wheel.
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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational & entertainment purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.