Hard to say. All I know is, there was major dollar manipulation today. I wouldn’t be surprised if the Fed had every one of its 400 traders on “dollar duty” today, pushing down the USD using every possible tool.
I bet they even have offshore accounts to mask their identity.
Well… tomorrow is a wildcard day I guess. The charts are looking toppy right now and ready to rollover, but will they allow the trendline of support to break on a Friday?
We still have very low volume right now, which usually favors the bulls. Tomorrow must rally up or risk breaking this rising channel’s lower support line.
So what will it be? Sell off or rally? Gap up to breakout of the triangle forming, or gap down to break the support line?
Any one feel like guessing where the DJ will end up tonight after the report came out it rallied to top out at about 11120 and then a nice long slide came into play and touched 11000 right now its hovering at 11030.Does anyone see a last min play that might push it up.Cause im not seeing anything and i dont want to be wrong espically this time.
Once again I get the direction and time backwards… LOL! We sell off in the morning and rally into close, while I thought the exact opposite would happen. Go figure! That’s 2 days in a row that I got it reversed.
MSFT, is your wild card…if it’s up 7% in AH today, do you think the QQQQ’s will be down on Fri? Vice versa could happen, I suppose.
Hard to say. All I know is, there was major dollar manipulation today. I wouldn’t be surprised if the Fed had every one of its 400 traders on “dollar duty” today, pushing down the USD using every possible tool.
I bet they even have offshore accounts to mask their identity.
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Well… tomorrow is a wildcard day I guess. The charts are looking toppy right now and ready to rollover, but will they allow the trendline of support to break on a Friday?
We still have very low volume right now, which usually favors the bulls. Tomorrow must rally up or risk breaking this rising channel’s lower support line.
So what will it be? Sell off or rally? Gap up to breakout of the triangle forming, or gap down to break the support line?
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Absolutely amazing isn’t it? This market opened around 1185 this week and went up and down to end right back where we started from… nowhere!
Another flat day probably… LOL!
Any one feel like guessing where the DJ will end up tonight after the report came out it rallied to top out at about 11120 and then a nice long slide came into play and touched 11000 right now its hovering at 11030.Does anyone see a last min play that might push it up.Cause im not seeing anything and i dont want to be wrong espically this time.
This 1st inflow in 6 months could signal a top. Usually the retail guys are the last one joining the rally.
http://blogs.barrons.com/focusonfunds/2010/10/20/ici-stock-mutual-funds-attract-1st-weekly-jump-since-may/
Once again I get the direction and time backwards… LOL! We sell off in the morning and rally into close, while I thought the exact opposite would happen. Go figure! That’s 2 days in a row that I got it reversed.