so... every fed meeting the materials stocks have had a sentiment high...
that they get all Giddy about Hyperinflation is all the rage....
also the dollar tends to have a low on this day too...
just as the Euro has a low on the ECB...
Wednesday, June 24, 2009
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Looks like we're going to build that right shoulder. Ouch.
Are we going to take out Monday's high? Man, I thought maybe we would retrace a little of the loss, but ALL of it??!
Should have taken more profits from Monday... I keep re-learning that lesson on big move days. lol.
the market here is going to be particularly Cruel!
to everyone....
we get another move down... and they will panic out.....
then we will get a sideways move...
which will seem like "Successful retest"
the we will hit aversion stage...
and everyone will want to slit their wrists....
then we move to bull mode...
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