I still don’t see any meaningful bottom patterns, the rebound was weak forming a Bearish Rising Wedge on decreased volume. So it doesn’t look good for bulls. Perhaps the Fed announcement tomorrow will provide enough fuel for either bulls or bears.
The bottom line, I foresee that Fed will keep running its money printing machine with full cylinder. Just now, I’m not sure how the market will respond to that. I’ll talk about this with some evidences in tonight’s report.
Can't agree more! Add to the point, dollar spiked outside of the upper bound of the wedge today, it's a crack of the ice as some like to say. In Cobra's SPYDER chart, unless tomorrow's volume is higher, we are at a *local* peak.
On a separate note, too freaking bad that I am shorting AIG since the last expiration day, it's making me nervous!! This guy periodically does a short squeeze and shake-up.
Can't agree more! Add to the point, dollar spiked outside of the upper bound of the wedge today, it's a crack of the ice as some like to say. In Cobra's SPYDER chart, unless tomorrow's volume is highe ...
Positive_Theta 发表于 2009-11-3 17:14
狗仔卡
发表于 2009-11-3 05:03 PM
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发表于 2009-11-3 05:03 PM
发表于 2009-11-3 05:06 PM
谢谢
"tomorrow will provide enough fuel for either bulls or bears."
