When the facts change I change my mind, what do you do sir
-
Is the Dow telling us the "RISK ON" is over?
The U.S. Dollar Index (DX) continues to trend lower with bearis Directional Bias which is confirmed with the consistent red GRaB candles and the "four to six o'clock" angle of the 34EMA Wave. Because of this I am continuing to look for dollar shorts that would coincide with the resistance I am expecting between 80.00 and 80.20. If the FOMC triggers volatility, the likelihood of traders selling into the rally are low unless Fed fires a clear taper trajectory over the market's bow...which is unlikely. The lion's share of the taper discounting is pushed out the March 2014 and with a weak NFP release from this month, and ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Oct 30, 2013 1:47pm Oct 30, 2013 1:47pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
- Comment #2
- Quote
- Oct 30, 2013 2:21pm Oct 30, 2013 2:21pm
- Deano9999
- Joined Jan 2012 | Status: Member | 609 Comments
- Comment #3
- Quote
- Oct 30, 2013 2:39pm Oct 30, 2013 2:39pm
- Raghee Horner
- | Commercial Member | Joined Apr 2010 | 79 Comments
- Comment #4
- Quote
- Oct 30, 2013 3:06pm Oct 30, 2013 3:06pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir