Value Microcaps Free-For-All

[ari5000]

oil prices:

I'd expect a fade.

The Fed has introduced a lot of volatility but very very little support.


Markets have no clear support points anymore since you never know what kind of massive rule change is coming next. Fed certainly didn't figure on many consequences of their actions.

400 point swings daily are very bad for markets. Traders might like it but major investors will head for the sidelines and wait for things to 'calm down' --if so, calm down means -- down. because support isn't here.

OIH gave up all gains and trades down a 1.00 AH -- Now people are trapped in OIH stocks as well as financials which doesn't have short cover-buyers anymore.

As usual -- Fed intervention is good for 2/3 days tops before ending in disaster. Now there's probably not much else to do unless you ban selling.