There are some VERY dramatic 3C turns that seem to prove the move yesterday to the upside was a head fake move, many are very early, but very strong.
I'm not going to take too much action on the short side (new positions), but I will be looking at taking profits in longs . I'll have more shortly, but as it appeared last night that we saw a big head fake move above the range, ma's etc, 3C now seems to be confirming.
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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