APPL's 1 min chart yesterday looked like it flatlined, I guess that's what happens when your not the Patron Saint of the market on a POMO day, today it's actually got some movement. It's a little difficult figuring out who the market's following today and maybe it's not following any Patron Saint, this may be one of our better opportunities to see what exists in the absence of POMO, what real investor sentiment is like, or as close to it as we can get.
Thus far, it seems pretty appropriate we're in a trading range, "Dazed and Confused", but that won't last for long, the market makers have to make their nut too and with little volume they'll be looking for the stops, which right now are probably sitting above and below the trading range, so watch out for a CRAZY IVAN.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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