DislikedHello everyone, As you may noticed a lot of pairs made it so high or so down in a straight move , such a move is very dangerous in my opinion as the bubble could explode anytime . trade with caution next few days it may move agressively and without any signal. cheers hoom.Ignored
yesterday down-move was a big one compared to this up-move, therefore we all tend to give more relevance to the bears. Yes, we all know that yesterday move was only justified by an implosion of bear forces that were growing and growing but basically there was no valid fundamental justification other than that. I will wait until tomorrow to see if it clarifies. Anything is possible, this microtrend is haunted and can grow like a giant. I am now focusing on the huge discrepancies between today US jobless data and labour picture as per the Philly Fed index and Lacker's speech. I think it is all down to the bad quality of employment (part-timers/temps/contractors etc.) A certain quality of employment is required if you want to believe in a recovery. In my view an early tapering may be a huge hazard.