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Hawkish FOMC Comments Are A Sign Of Strength - Dovish Comments Signal Trouble Ahead.

Yesterday, the market started the day on a weak note. As the morning progressed, support was established and the market worked its way back. In the last hour of trading, nervousness ahead of the FOMC pushed the market lower by a small margin. In today’s chart, you can see that during the last two weeks, trading has been directionless. The small-bodied candles indicate that the net change from the open to the close is small. Throughout the trading day, there have been some nice intraday swings. Traders are waiting for something to sink their teeth into and they will get it …

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  30 Abril, 2008| Technical Analisis | @ 13:39

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