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Depends what happens with currencies around the place. That favourite word of bears – “contagion” – may be the name of the game. If it gets to the top skittle, the dollar, then spoos here is the sell of your lifetime!
You just never know how much they can support it……
Well I have not got a clue here.
I suspect it will rally on FED in which case gap can fill.
However I feel this is now bearish and hence any rallies sold.
So the problem is if one shorts it just before a rally starts, they will die and get spooked and hope for a sell off.
My best guess is it rallies
Plan your trade, trade your plan!
BDIP did nearly triggered borderline but just missed it. Therefore No GFS.
BDIP?
BDIP did nearly triggered borderline but just missed it. Therefore No GFS.
BDIP?
Ignore me Dan, I am going mad. I meant GFS
Plan your trade, trade your plan!
I was wondering what the new Obama bonds were about and I think armstrong explains it quite well:
Not that it means anything, but if I gave GFS more than the usual time, it would have triggered long
Plan your trade, trade your plan!
lol previously FED said that they will keep interest rates low until jobless gets to 6.50%.
Now they say they will keep it low until well past 6.50%
Plan your trade, trade your plan!
Dan When was the last time we had -20 before the fed decision ? usually it just goes sideways on low vol until the announcement at 7. No better day than today to beat their chest and buy up futures and show who’s in charge. I think the reduction is a done deal again, but the monthly pump is still more than what the shorters have got..
Another 10 billion taper, surprise not..
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