Cable: Back to the good old, wild old days
Sorry but I’ve been tied up with admin surrounding the chat-room but I’ve obviously been watching the gyrations in cable with interest. It used to be like this all the time, up and down 150/250 pips and then finishing in same place! I wouldn’t read too much into these sorts of moves, apart from the fact that the market is undecided.
I’m still small long, best to let things settle down before making any big decisions. But, if the rally keeps going to silly levels near 1.55, then I’ll sell and look to re-buy dips.