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Reversal started after 4am

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bbgold Member Profile bbgold Member Level 
Monday, March 26, 2012 4:06:00 PM
Re: RCKS post# 18863 Post # of 18893 
Reversal started after 4am
Euro was a Sell the News on Germany business climate staying flat.
The Pump started just after the selloff and then spiked up on Bernanke speech at 8am, which also started to sell at first.
What created the Pump after the 4am selloff is what I want to know?
Why the big Buy spike on the Bernanke statement?
Either there was some leak to Bernanke statements or the PPT was in full buy mode already?
Looks like nothing more than a false rally to me.
Grossly Negative home sales numbers were ignored -0.5% 1.0% 2.0%
TNX didn't participate today either, we shall see.
4:00am EUR German Ifo Business Climate 109.8 109.7 109.7
Euro



Good Luck to All! :^)

PLAN the TRADE and TRADE the PLAN!


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