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Post# of 140146
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Joe1984

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Joe1984

Re: Heavyweight post# 120130

Tuesday, 07/16/2013 6:26:46 PM

Tuesday, July 16, 2013 6:26:46 PM

Post# of 140146
your guess is as good as mine...I'd be pretty surprised if we see sideways action for another 6 hrs though.

Also, it's the slight fundamental change from last night that has me even thinking a breakout is possible. Normally I'd be shorting this like crazy here and I'm still kind of tempted to. Its just that that dive last week was traders pricing in a rate cut next month (imo) that probably isn't happening. So if I was trading purely fundamentally based I'd be expecting more upside from here.

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