I wish I could bring you something that you didn't already know last Thursday, Friday or Saturday, but we went short and filled out positions on Friday; the implications from the charts were that we'd see a big and ugly move down today, that's happened, so now it's just a matter of watching for any anomalies to pop up.
Greece has an official conference call with the Troika tonight, it has been delayed until noon time today, this could be a big deal so I'll be watching for any hints or signs. If it is market positive then I wouldn't expect it to stay that way very long, we are at the start of a distribution stage. So I'll be watching extra close. If you have urgent emails, mark them "Urgent in the subject line as I will be focusing on any potential hints or leaks.
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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