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S&P 500
7,473.47
(
0.37%
)
US TECH 100
28,979.60
(
0.97%
)
Dow Jones
50,579.70
(
0.00%
)
Brent Oil
96.06
(
-5.05%
)
Bitcoin
77,195.93
(
-0.10%
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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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