A trader speaks on a phone while looking at a stock price index line. (Photographer: Simon Dawson/Bloomberg)
We had pretty much nothing to say about the market trends in the last week, except to state that one needed to continue the long with a stop placed lower. When the week started it seemed like we would probably continue in the same vein. Even on Tuesday, the range remained limited. Options traders were comfortable with their range shorts and looking ahead to another profitable week. But that was not to be. Come Wednesday and the carpe...