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S&P 500
5,187.70
(
0.13%
)
US TECH 100
17,604.00
(
-0.03%
)
Dow Jones
38,884.26
(
0.08%
)
Brent Oil
82.87
(
-0.73%
)
Bitcoin
63,027.39
(
-0.22%
)
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Frank Pembleton

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Frank Pembleton

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Re: None

Tuesday, 10/04/2011 7:47:33 PM

Tuesday, October 04, 2011 7:47:33 PM

Post# of 19037
My thoughts on today's action - the FED had no choice but to "goose" the markets. My favorite trend indicator "DMI" was just about to show some serious momo to the downside- so I'm not surprised at the intervention...and why do I think it was an intervention? 'cause gold bottomed too.

Unfortunately, they're still in control.


FP........................................................

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