very likely i am speaking longer term than you. i did not like the statement at all - US economy needs confident tone from fed especially because of its dependence on foreigner capital inflows. Statement like that undermines price stability, long term yields, dollar and reduces US wealth. If you watched the action in Tsy today it was extremely awkward - 30y bond ended up down in fact (with 1y ED up 10bps!) this may ultimately bring the long awaited sell off in bonds - ironically when Fed is removing tightening bias (if explicitly only) from the statement. with equities i am still a bit bullish - huge pile of money and inflation environment raises value of everything after all (bar cash and debt...). Short term we may be due for some calm down - note how asia struggles make it higher in the past 2 hours.
im just trading the daily momentum but I 100% believe we will test the lows one more time. Nostrodamus says we will test the 68% fibs and possibly the previous highs..people will get spooked and start selling..then the snowball will take over If someone can show me a precendant for a correction ending like this I would love to see it.
I presume you did the opposite to what I was suggesting. One thing I learned here is that there are a lot of clueless people - which is great for future of trading don't worry - it will get better for you
Dude, you've already posted 12 times today and it is only 1PM Eastern time. You can stop now. Tell Baron you're done for the day!
I posted 18 times, and Baron said keep up the good work. The more people that visit this site, the more it's worth. Valero is clicking nicely, but most everything else is a fade.
Hey S2007S just a heads up the title of the thread, it got mashed up- it's supposed to say DOW 13,000 right? My god man we're just now after all the BS at BREAKEVEN> We haven't gone anywhere since Jan. Can we get a good 18% over the starting line before you knock us back 10%? ~stoney