Shares fell sharply, with bearish signals becoming more pronounced. The discretionary/staples ratio is decidedly bearish now. I bought puts in the morning.
Financial markets are predictable because segments of price action fit together in a limited number of patterns that are not random. Markets are unpredictable too because there is enough variability in the patterns to hide the trend at some stages of development. I am fascinated by the market and spend a lot of time working to identify price trends so I can exploit them for profit.