Dear Readers, For completeness of our view, please reread the last two posts. What we like to emphasize here is that BUY-PRESSURE and Average Buy Pressure are all low, which indicates that, while the situation can last for few days, it is not possible for this market to make real big strides up under this configuration. So far the market has obliged and has given up some ground. Remember, though only after market has sniffed that FED abandoned the idea "liquidity uber alles" it will be possible to see a hard break as well. So, as we have always done, we focus on shorter term moves in hopes of converting them into the longer term moves, most likely, lower. Good Trading
No comments:
Post a Comment