Yep, but honestly the market was quite overbought today on the
15 min, 30 min, 60 min charts. I expected a move up today
(which we got) but the stochastics on these charts were quite
overbought. I think the Fed news was just a catalyst for a
pullback, it was way overdue.
The dollar really interests me, it is quite strong, I really
want to see how it plays out. However we still have our US
Dollar Longs on the watch list.
Denninger recaps the FED screw job
Posted by hillsyde on 18th of Feb 2010 at 05:40 pm
http://market-ticker.denninger.net/archives/1978-Fed-Changes-Terms-In-Front-of-OpEx-Again.html
thanks for post
Posted by dallassteve on 18th of Feb 2010 at 06:53 pm
hillsyde, thanks for the article on the FED.
Wish I had the same inside info. I'd be a millionaire! As it was, I just added some shares to my SH position at the close today.
Yep, but honestly the market
Posted by matt on 18th of Feb 2010 at 11:20 pm
Yep, but honestly the market was quite overbought today on the 15 min, 30 min, 60 min charts. I expected a move up today (which we got) but the stochastics on these charts were quite overbought. I think the Fed news was just a catalyst for a pullback, it was way overdue.
The dollar really interests me, it is quite strong, I really want to see how it plays out. However we still have our US Dollar Longs on the watch list.
Great Article
Posted by bboylan on 18th of Feb 2010 at 06:33 pm
This is must read article. How do these guys sleep at night?
Thanks for posting this.
BB
They don't, the vampire squid
Posted by steveo on 18th of Feb 2010 at 10:20 pm
They don't, the vampire squid prowls all night.