60 minutes of bearish action ?
#1
Posted 16 July 2007 - 01:59 PM
#2
Posted 16 July 2007 - 02:13 PM
#3
Posted 16 July 2007 - 02:16 PM
#4
Posted 16 July 2007 - 02:39 PM
but rates are often smart, so maybe inflation data tomorrow will be as expected
i see no sell off without high core inflation data and both tuesday and wednesday core figure needs to be high, that would push up rates and help the oversold dollar
does the fed care about the dollar, then they should include some actual prices in the core figure
Here's something about today beside the overbought state of the markets and the internal deterioration; the rates went lower and USD did not.
#5
Posted 16 July 2007 - 02:40 PM
Edited by NAV, 16 July 2007 - 02:40 PM.
#6
Posted 16 July 2007 - 02:46 PM
#7
Posted 16 July 2007 - 02:50 PM
It didn't last until the close, tomorrow's opening will be very critical, a large gap down would not be welcome. Personally, I would let the indices drop a bit more and get a bit oversold in the intraday timeframes, there is too much froth in the equity options, it makes it usually very hard for the indices to move up...
#8
Posted 16 July 2007 - 03:44 PM
#9
Posted 16 July 2007 - 03:54 PM
#10
Posted 16 July 2007 - 04:03 PM