on both price and the oscillator shown to help generate this and other signals on multiple charts.
i overlooked the fact that there was 4 billion in liquidity yesterday and completely missed the fact that the FED Chair was speaking.
either of those alone is a bad day for a short position but both the same day really bad ..even for emerging shorts.
but here is why i took the trade and why id do it again and why i remain in it today as yesterday may prove to be a one day FED pop.
also I now feel that the FEDs has completely extracted what many of us once used, which is the markets capability to sense when real world
troubles are hidden around the corner...thru its price action.
I'm sure at some point there will be a steep price to pay for temporarily overriding this law of nature.
heres the chart signals showing resistance and trend lines.. yesterday may prove to be a pop just like it was Jan 22nd or Jan 10th
EEM
Edited by Mr Dev, 28 February 2014 - 11:34 AM.
