I definitely WOULD NOT post this if I didn't think it was a real possibility.
Last night I ended saying that it looks like we have a nice "W" bottom to move up from, but that I wasn't the only one who would have noticed it so I want to keep my eye on it to make sure its not a trap.
I can't say for sure it's a trap, but I don't see the charts progressing in the manner I'd expect. This is based on an hour or two of watching so I don't want to blow this out of proportion, but we are in an extremely volatile market and it can crack at any time.
In any case, I wanted you to know at least what thoughts are running through my head right now.
I'll update you as soon as I have something more solid myself.
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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