Could be.... While memories of Bernanke's last announcement are
fresh in people's minds, the technical picture was much different
then. Actually, it was the ECB announcement where the market
bull-flagged perfectly and the DOW was touching the rising 50 day
MA on that announcement. Gold/silver/copper were coiled for
an upmove. Today is quite a bit different -- lots of early
stage bearish trend changing action. The two red candlesticks
on the DOW are the strongest action directly off a top in years --
and that includes the AUG 2011 meltdown. This man will try to
paint a different picture though...
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13/34 daily ema cross
Posted by morton13 on 24th of Oct 2012 at 12:06 pm
sox
Posted by lamb on 24th of Oct 2012 at 12:37 pm
Could be.... While memories of
Posted by kalinm on 24th of Oct 2012 at 12:31 pm
Could be.... While memories of Bernanke's last announcement are fresh in people's minds, the technical picture was much different then. Actually, it was the ECB announcement where the market bull-flagged perfectly and the DOW was touching the rising 50 day MA on that announcement. Gold/silver/copper were coiled for an upmove. Today is quite a bit different -- lots of early stage bearish trend changing action. The two red candlesticks on the DOW are the strongest action directly off a top in years -- and that includes the AUG 2011 meltdown. This man will try to paint a different picture though...