Edited by ogm, 17 August 2007 - 12:41 PM.
Awww... people on CNBC are upset
#1
Posted 17 August 2007 - 12:40 PM
#2
Posted 17 August 2007 - 12:45 PM
#3
Posted 17 August 2007 - 12:49 PM
I believe they chose their timing for maximum impact. Since yesterday was already showing signs of technical reversal, they wanted to add to that upside momentum and guarantee that the reversal would indeed take place.
I think its quite the opposite.. We had technical reversal yesterday, because someone knew this was coming.
Look at the humangous volume in financials yesterday and the bid under the banks all morning, despite the market tanking.
#4
Posted 17 August 2007 - 12:53 PM
I believe they chose their timing for maximum impact. Since yesterday was already showing signs of technical reversal, they wanted to add to that upside momentum and guarantee that the reversal would indeed take place.
I think its quite the opposite.. We had technical reversal yesterday, because someone knew this was coming.
Look at the humangous volume in financials yesterday and the bid under the banks all morning, despite the market tanking.
You actually think this BS is going hold the market up?
The more FED keeps interfering with these ridiculous bail-outs, the more they are saying something is very wrong. This is just a very short term band-aid.
#5
Posted 17 August 2007 - 12:54 PM
#6
Posted 17 August 2007 - 01:08 PM
I absolutely agree. Though I don't think it was as specific as "we have word that the Fed will cut the discount rate 50 bps shortly before the open Friday".... I definately think the "markets" were seeing this {general} action as imminent, and thus the very firm bids yesterday. TA just reads and interprets money flow so that we can make reasonable inferences about what's coming- both in the markets and fundamentally.I believe they chose their timing for maximum impact. Since yesterday was already showing signs of technical reversal, they wanted to add to that upside momentum and guarantee that the reversal would indeed take place.
I think its quite the opposite.. We had technical reversal yesterday, because someone knew this was coming.
Look at the humangous volume in financials yesterday and the bid under the banks all morning, despite the market tanking.
#7
Posted 17 August 2007 - 01:20 PM
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#8
Posted 17 August 2007 - 01:37 PM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#9
Posted 17 August 2007 - 01:41 PM
#10
Posted 17 August 2007 - 02:55 PM