My GTF out of my short position at the bell was the correct one.
So, part of game theory is figuring out what the other guy is going to do and react to it, in a profitable way.
So... I figured that we would again have selling into the NFP, then a buy the news.
Maybe we move sideways till friday. But... Let me say I'm stumped.
Maybe we just ignore it all and trade up through thursday....
My model is stumped.
Maybe it reminds me of vizzini from princess bride.
Vizzini: But it's so simple. All I have to do is divine it from what I know of you. Are you the sort of man who would put the poison into his own goblet or his enemies? Now, a clever man would put the poison into his own goblet because he would know that only a great fool would reach for what he was given. I am not a great fool so I can clearly not choose the wine in front of you...But you must have known I was not a great fool; you would have counted on it, so I can clearly not choose the wine in front of me.
Man in black: You've made your decision then?
Vizzini: [happily] Not remotely! Because Iocaine comes from Australia. As everyone knows, Australia is entirely peopled with criminals. And criminals are used to having people not trust them, as you are not trusted by me. So, I can clearly not choose the wine in front of you.
Man in black: Truly, you have a dizzying intellect.
Vizzini: Wait 'till I get going!! ...where was I?
Man in black: Australia.
Vizzini: Yes! Australia! And you must have suspected I would have known the powder's origin,so I can clearly not choose the wine in front of me.
Man in black: You're just stalling now.
Vizzini: You'd like to think that, wouldn't you! You've beaten my giant, which means you're exceptionally strong...so you could have put the poison in your own goblet trusting on your strength to save you, so I can clearly not choose the wine in front of you. But, you've also bested my Spaniard, which means you must have studied...and in studying you must have learned that Man is mortal so you would have put the poison as far from yourself as possible, so I can clearly not choose the wine in front of me!
Man in black: You're trying to trick me into giving away something. It won't work.
Vizzini: It has worked! You've given everything away! I know where the poison is!
Man in black: Then make your choice.
Vizzini: I will, and I choose...[pointing behind the Man in black] What in the world can that be?
Man in black: [turning around, while Vizzini switches goblets] What?! Where?! I don't see anything.
Vizzini: Oh, well, I...I could have sworn I saw something. No matter. [Vizzini laughs]
Man in black: What's so funny?
Vizzini: I...I'll tell you in a minute. First, lets drink, me from my glass and you from yours. [They both drink]
Man in black: You guessed wrong.
Vizzini: You only think I guessed wrong! That's what's so funny! I switched glasses when your back was turned! Ha ha, you fool!! You fell victim to one of the classic blunders. The most famous is never get involved in a land war in Asia; and only slightly less well known is this: Never go in against a Sicilian, when death is on the line!
So, I wonder if the game has become so out of hand that we will just defy the illusions of events, and just trade up.
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