I couldn't believe how many indicators were going south in a big way today, I'll post them, but there was real fear, strong distribution, but there was only 1 goal for today, they managed to meet it, it still hasn't achieved what they need with volume but I guess it was worth a shot.
To sum up all of today's action (and I think it allowed us to get in to some nice positions while the innards of the market rotted away) we can use 1 word and 1 number...
DOW 15000
If that isn't the centennial number of centennial numbers for the year!
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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