The move up the last 72 hours appears corrective....simply put we should retrace it 100% from Tuesday. I will look at this over the weekend as I have the time, and try to post a chart or two.
Best
Nothing impulsive about last couple of days
Started by
rightside
, Aug 31 2007 08:06 PM
2 replies to this topic
#2
JAP
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Posted 01 September 2007 - 08:41 AM
This week hasn't shown us true market sentiment because there's no volume.
Also, markets tend to have small rallies before holidays... especially before July 4th, Labor day and X-mas.
Big money is back on Tuesday... then we shall see.
#3
relax
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Posted 01 September 2007 - 11:42 AM
big money wants to make money and therefore want to catch the train which has already left the station
therefore big money will use the next two weeks to push the markets lower so they can enter some long positions
but my guess is as good as anybody's, one day at a time
wonder how markets will absorb the fact that benny will not cut,
i've seen fed funds futures pricing in a rate cut before and then moving to not pricing it in, without it really have a big impact on price, let alone the trend
