The TradingEdge

[jxyzobrien]

event driven
shadow did not see that i did. the bond auction rather then FED
minutes really caused this. I am just very critical of ECO policy
we are now in.

You post that and then people get political. Interest rates are way
too low for tax cuts and bonds. Stock or bonds had to give and so we are
back to interest rate sensitive. All treasury bond auctions must now be
analyzed.

In the good all days 1% rate hike equaled 10% correction.

value area did not change much but up move was wave 2 up now in wave
3 down.
almost a 2% move down.