AI
Thursday, February 13, 2003 1:02:33 PM
Wow, TNX dropped at 11:30
I am not sure what caused the drop. I also noticed that the TRINQ just had a major spike. As far as I know Hans Blix is supposed to speak to the UN again tomorrow. The selloff is most likely in anticipation of another negative report. As the saying goes for Positive news "Buy on Rumor and Sell on Fact". If it is Negative news anticipated then perhaps we are getting the "Sell on Rumor and Buy on Fact"? The markets are driven by Sentiment and so far there is nothing Positive to move them. The scary part here is that the 320SMA has only Started to turn down again. It could get much worse. The Positive might be that it could easily be regained though, maybe.
I am not sure what caused the drop. I also noticed that the TRINQ just had a major spike. As far as I know Hans Blix is supposed to speak to the UN again tomorrow. The selloff is most likely in anticipation of another negative report. As the saying goes for Positive news "Buy on Rumor and Sell on Fact". If it is Negative news anticipated then perhaps we are getting the "Sell on Rumor and Buy on Fact"? The markets are driven by Sentiment and so far there is nothing Positive to move them. The scary part here is that the 320SMA has only Started to turn down again. It could get much worse. The Positive might be that it could easily be regained though, maybe.
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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