Sure looks like it. These head fake moves tend to be our best price-based timing indications. You know what to look for, an intraday flameout- a bullish candlestick on larger than local volume, that's usually your intraday low on a stop run. I'll let you know if/when I see the 3C confirmation intraday, the charts from yesterday are still in place and look good.
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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