If there's one thing I've learned in the last 30 years (and if you haven't figured me out already, I'm one stubborn MOFO) it's this: unless you're Soros, never bet against the government. BOJ pretty much underwrites the American debt. You screw with BOJ, you're screwing with the US. In the long run, they're gonna look after each other's back.
CPI "surprised" bonds sold off and so did the dollar. Nothing to do with govs, ours or others around the world.
You've been watching CNBC too much. They're never out of reasons for why the market did this or that. Well, in hindsight, who does not have an effing reason???
Nope. Haven't watched them (or Foxie) in effing years. So it is coincidental to you that CPI happened when drop happened?
Yes, CPI was the catalyst but she would have sold off with any excuse. It was clearly way overbought and everyone was just waiting for a sell signal. C'mon, this is Trading 101. You really should know this stuff by now. Didn't I also say that this sweet baby would go back down?
Of course it was the catalyst for it to go down. And no it wasn't overbought, because there is no such thing as overbought/oversold. C'mon that is what trading 101 sez it is. I've progressed from trading 101 baby steps. Catch up.
So you consider squiggly lines - that sometimes line up/effect price in your imagination - as specifically defining OB/OS levels? Come on man! You prolly knew where I was going with this? If something (anything) shows as being, in this case OB, on day 1 why does price often continue to go higher on day 2, 3, 4, 5, 6 ......................? And don't say because of The Fed. If price goes higher, than it previously did, it is clearly not "OB". Same for "OS" in the other direction.