Jump to content



Photo

FED interventions


  • Please log in to reply
No replies to this topic

#1 Tor

Tor

    Member

  • Traders-Talk User
  • 7,647 posts

Posted 06 January 2010 - 11:02 AM

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.
Observer

The future is 90% present and 10% vision.