|
A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
|
Apparently with today's action the FED 2012 guaranty holds. Every correction since then has been a short with a quick rebound to old highs.
It is the pause that refreshes
The first thing to look for in a correction is Equities being in an Over Bought condition. When it reaches Over Sold here come the Traders..ready to make money on the rebound. The FED activism gives them that confidence.That is the pattern.
|