[groanup]

Well, since the bond and currency markets are vastly larger than the stock market, I'll take my cue from them for now.

[Steven W.]

the currency markets

?????? You might as well run your life by playing pin the tail on the donkey each day when you get up ROFLMAO

[Snardius]

Well, since the bond and currency markets are vastly larger than the stock market, I'll take my cue from them for now.

I don't think size has anything to do with it. It's about the flow of money. If equities are coming back into favor with investors because the new Fed chief's policy is thought to be friendly to equities, money will flow from bonds to stocks.

[Woodman]

Please tell me your theory on what drives the currency markets into a trend versus a reaction. Reactions are very common in the currency markets, trends are a little harder to set. As a wise man once told me, "You can be right all of the time, but the trend is your friend".