Everyone knew he was going to raise rates and the statement was quite hawkish but no more so than expected so after it went up briefly it came back down. The smart players could see the uptrend was over and just wanted to close their long positions.
- #35
- Dec 11, 2006 11:00am Dec 11, 2006 11:00am
- Joined Sep 2006 | Status: Trader | 2,272 Posts
its just money