Discussion in 'Trading' started by S2007S, Apr 11, 2007.
anyone trading ahead of these numbers. Could get volatile.
Hopefully you haven't allowed the 2pm est FOMC minutes keep you from trading this morning?
(a.k.a. NihabaAshi) Japanese Candlestick term
Buy b4 the fed
selloff b4 meeting is good because it puts less presure on the markets
no trades yet for me, when the dow was off around 50 I was going to pick up some long positions, glad I didnt. I might now at dow 12490
I like the excuses they give for the pullback:
NEW YORK, April 11 (Reuters) - U.S. stocks fell further on Wednesday, sending the Dow Jones industrial average down nearly 100 points, as concerns about economic and earnings growth hurt sentiment.
They're completely lost.
One day: "Gold Gains on speculation that high inflation will spur need for hedge investments."
Next Day: "Gold loses ground on concerns high inflation will cause Fed to hike and tighten liquidity."
Yesterday, despite the DOW posting a 6 or 8 point gain, the news headline was "DOW rises for 8th consecutive day, most winning streak since 2003".
Whenever things are this odd, in terms of data and its interpretation....
... it's time to buy the dips (risk free $$$ 100% up room to go)?
Who cares what the talking heads are saying for why the market is moving?!?!?!?
As long as it's moving is all I care about.
Very nice rebound..nasdaq up .4% from daily lows
this is the same kind of bullish trading ativity we saw during the rally from August-Dec. The buyers simply wont let the market drop too much before reboudning it. Shorts get squeezed as thousands of them cover.
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