5 years ago
Monday, September 27, 2010
Add the SPY to that
The SPY just started it's own negative 1-min divergence on this last move which appears to be a parabolic run through the top side of the flag I posted several posts ago, hitting orders again.
7 comments:
I guess it was this non-news that caused the spike up:
http://ransquawk.com/headlines/97609
Interesting that for the last 2 hrs the Euro has been steadily declining but our market has been rising. Is the dollar starting to decouple from the market? Is some other force at play behind the curtian? Do we have Hedge funds doing the dirty work of the FED? Some have suggested they are in lock step to prevent redemption requests for the quarter ending Thursday. Keep the market up til then so the hedge funds don't have to sell stock to fullfill redemption requests. Friday we saw aggresive selling at these levels, will it happen today as well?
Jack,
We literally don't know. That's all you can conclude when a market is 100% intervention manipulation and not based on logic. Anything can happen.
That's why we need 3C to show us the real story and deliver on it's predictions.
The market is always right!
Euro has barely budged today! nothing but high level consolidation to work off overbought indicators here!
It doesn't have to move much, but if you look at the 5 min time frame it has slowly declined while our market has risen over that 2 hours. That is not the normal trade arrangment. This morning just before the president was on tv it shot up and has remained up for the most part,except the quick sell off with the market this morning.
i've seen the euro move a lot and market didn't budge much. haven't seen much of a "sell-off" here. Like wathching paint dry lol
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