Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
7,473.47
(
0.37%
)
US TECH 100
28,612.40
(
0.11%
)
Dow Jones
50,579.70
(
0.58%
)
Brent Oil
95.02
(
-6.08%
)
Bitcoin
76,608.38
(
-0.86%
)
News Focus
News Focus
Post# of 19037
Next 10
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Frank Pembleton

Send PM Follow Ignore
Followers 52
Posts 7849
Boards Moderated 2
Alias Born 07/15/2002

Frank Pembleton

Member Level

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........................................................

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today