Does anyone know?
Look at the last hour of trading yesterday.......zoom up when the volume is maybe lighter?
It looks like classic fed intervention, and I am thinking in the worst case scenario for the bears, the fed is pumping this thing like they did in 1999?
I recall those times. Sentiment was overwhelmingly bullish and yet the market kept on going upwards. I took a small long at this time as I was a novice at this time, and made quite a lot of monay.
Anyway, forgive my ramblings.
Declaration: I have a small long here, with a so called stop loss in place at 1115, which I will use to close out and maybe even reverse.
FED interventions
Started by
Tor
, Jan 06 2010 11:02 AM
No replies to this topic
#1
Posted 06 January 2010 - 11:02 AM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.