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.
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Yep, but honestly the market
Denninger recaps the FED screw job
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.