Whether APL earnings or rally the head fake set up, or the Currency analysis, I think some price strength in to tomorrow is looking like an excellent set up, as several add-to positions were yesterday.
I'll post some charts of the averages right after the close, but they are in line with my short term theory. Again, "I" wouldn't try to chase a bounce here with as much damage as there is to the underlying structure of the market, I'd want to short in to it or sell in to it.
I think when you see the charts, you'll see the findings from the AAPL ?Futures theory for tomorrow look pretty accurate, after that I suspect it's game back on and some more serious downside.
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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