DislikedYes for anyone who thinks about news and fundamentals it's a strange time.
I have an unproven theory that this will cause a strong bounce back up when it does come
BOE and Fed are playing games with their announcements - BOE trying to talk the gbp down despite high interest rates still, and Fed trying to talk USD up despite lowering rates drastically
So far it's working
WE have CNBC talking about 1000 points up on the DOW and chartists saying 1000's down.
All the company news USA is bad and more interest rate cuts on the horizon and the usd climbs and climbs
It has slightly deflated me as I can't work in a logic vacuum for too long
Some people believe every market move is logical if you dig deep enough - well it's logical that illogical people want their money in the US economy right now I suppose and that makes the situation logical.
Everybody is moving out of US stocks - are they going to accept 2% in the bank or move the dosh overseas ?
It has to see 1.99 before it sees 1.82 I reckonIgnored
thanks to allserene, market is so strange and showing a decline in DJIA but a rebounce in USD index. i understand it now.
just one more question, some believe and point that cable must rebounce to some level around 2.01 or even higher, based on the EW analysis. Is yours based on it as well?