I thought it was the overalued stock market driving the dollar down? Everyone anticipating inflation, since it is all about massive cash infusions but virtually no improvements in efficiency.
Every possible piece of good news has been priced into the market. What happens when the inevitable bad news finally pops up?
Looking at Friday's market, you may........may.... be right. the market was basically down until that last half hour, which I always greet with suspicion.
The last half hour currently means to me.........mutual fund sellers have gotten some suckers to buy. There really is no logic here since the sellers only make money when they sell.....so in a down market do they let themselves starve to death out of principle?? Not likely!!
PS. If anyone can post a good sight for basic Fibonacci knowledge.........uuh....
On Aug 13 11:18 AM justin_3d wrote:
> Well there was bad economical data today, so this might actually > stop this rally, and make this 38.2% Fibonacci level a top for now!
Dollar's Demise Drives Equities Up [View article]
I thought it was the overalued stock market driving the dollar down? Everyone anticipating inflation, since it is all about massive cash infusions but virtually no improvements in efficiency.
Every possible piece of good news has been priced into the market. What happens when the inevitable bad news finally pops up?
The Top Will Have to Wait [View article]
The last half hour currently means to me.........mutual fund sellers have gotten some suckers to buy. There really is no logic here since the sellers only make money when they sell.....so in a down market do they let themselves starve to death out of principle?? Not likely!!
PS. If anyone can post a good sight for basic Fibonacci knowledge.........uuh....
On Aug 13 11:18 AM justin_3d wrote:
> Well there was bad economical data today, so this might actually
> stop this rally, and make this 38.2% Fibonacci level a top for now!