In my last Market Update I said, " This triangle is becoming very obvious, I would look for a probable downside shakeout before any move up starts. I have a small long position, on break of the triangle, if we get some decent downside, I may add to the small long position."
And look at the volume on the break-it was "That Obvious"!
I'll be looking for some stability and may add to some longs upon seeing 3C stability.
Is interest rates about to start going up?
-
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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