Investment Journal 4 -- 10/Jan/2013

• The markets priced in the message from ECB that they would lower the rates, the public announcement suggested the other way, so Euro is shooting; nothing was known to me before. Following news is important in short-term, even medium term trading
• Market can be very naughty: FTSE falls below the opening price near the close, and back literally in the last minute.This less than a hour volatility has no good reasons to explan, which implies high-freq trading without technical support is essentially gambling
• Volatility is very very important, needs to understand this more. VIX is a volatility index for S&P