I'm consistent in my distrust of parabolic moves either way, I've just seen them fail spectacularly too many times as they are kind of like a emotional taser. The breadth today is horrible and indications are looking like a roll is going to commence before the day is out, in fact it looks pretty soon.
NQ just hit new lows for the entire overnight session.
Charts coming, I'm looking at what looks good here.
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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