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now let's see if bears can make a lower high here therefore declare the rebound was over. I say 50% chances.
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Oil- And here we have the uncontrollable random force of nature shutting down the heart of the import, production and refining reigon for a couple of days or several weeks, too soon to tell. http://www.zerohedge.com/news/2017-08-2 ... g-capacity
Yesterday’s July New Home Sales collapsed down -9.4% MoM vs consensus +0.5% 10 am ET today = Existing Home Sales for July. Consensus is +5.57 million units for July, or up +0.9% MoM
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
I was not expecting that. Thought yesterday's VWAP would hold, looking at consolidation forming a base for up. Cobra is of course right, things just may have changed. London/Frankfurt bull move erased in 30 minutes. Escalator up, elevator down.
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johnnywa wrote:Why are small caps refusing to go down
They already did. Weakest major average.Never rallied as far as the large caps last week. Major moves down have only seen 50% retrace while large caps have been at close to 75%. IF market is putting in a bottom (Go Central Bankers !!!) they have the most ground to recover.
johnnywa wrote:Why are small caps refusing to go down
They already did. Weakest major average.Never rallied as far as the large caps last week. Major moves down have only seen 50% retrace while large caps have been at close to 75%. IF market is putting in a bottom (Go Central Bankers !!!) they have the most ground to recover.
yep, yellen and draghi determine the next good move...
100% mm then this bear may still have legs, otherwise going nowhere.
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