Yes, very interesting. Nothing could move the market more than a surprise rate hike.
I think this rally has been Fed fed.
I don't peg powel as the “surprise” kinda guy , so far he's been clear every step BUT ... how bout an under the table campaign to get everyone looking for a raise, holding a down pressure on the market while watching rates tick up, dax tick up ....getting that foot peddle back ... then
stand pat ....
market relief ...
hit the gas and go again...
” this rally has been Fed fed.”
So true ... they caught it at about 12000 and pushed ...then 14000, 16000 and here we are just off 18000. Ya its getting tighter .
I see 17500 as the 1st bounce but that wouldn't leave them much time , just a few days or so.... 17000 they run the risk of loosing control. so....
I think I have about 24 or 25 more days for my call of 20000 ndx
I think they may sew it sideways for a bit, I'll be looking for that pivot line (I think 17500).... always a lot of track for the Q train when it's sewing. I might swing a short q for a while here (default sqqq)I am always more comfortable swinging short, but make more long .... the one thing I THINK I know for sure is this thing is going to deflate sooner or later .... and I'd rather be short in a fall then long in a run(preservation of capitol and all, you know.)
hmmmmm ?
so what am I looking at over all?
asset inflation
dax
10yr
election yr
world conflict
so what do I see?
sew it side ways...
not as long as last time ... build a little pressure ..
heading for ndx 20000
close on friday ...? 17500
how's that for crawling out on the tip of the limb?
powel messed up on the 1st 1/4pt raise ...should have done 1/5 ... but Christmass don't cha know ..
I watch for swans an WAMs(wild @$$ moves)
I never shoot at bulls eyes (always average in/out a position)
I don't hunt unicorns(those big red or green tails on the charts)
and this is just my WAG (wild @$$ guess)notice I said “I think” a lot of times
for entertainment only .. not financial advise ....