well, finally one day bears exceeded my expectation. maybe it's now safe to say this bear shall have small legs?
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As we wait for Algo Fest to start- If you think the timing of the ECB pulling Draghi's speech this morning with the FOMC minutes coming out was a coincidence please contact me about a bridge I can sell you.
I have down then up. If I remember this correctly then usually the second move (up today) is the head fake and the first move, which was down today,is the longer term direction?
Trades with cats wrote:I have down then up. If I remember this correctly then usually the second move (up today) is the head fake and the first move, which was down today,is the longer term direction?
I think the first move immediately after the release (UP) is usually the “real” or “best” directional.
It’s Cobra’s, so hopefully he will chime in here
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro wrote:/CL nLOD yLOD goes.. look to 50d 46.44..an oil drop could be VERY hard here.. /CL <20d/20w/200d/50w… 50d goes.. looking for $39.45 .."IF" USdollar explodes up .. see upper chart DXY
“The initial reaction … stocks are up, bonds are up… and the dollar is down.
But then traders read the warnings that due to excessively easy financial conditions, "a tighter monetary policy than otherwise was warranted." and stocks sank.
[source: the evil site]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.