DrStool Posted February 7 Author Report Share Posted February 7 1 minute ago, WTF said: I'm watching the dollar, should tell you all you need to know about the equity markets. How so? There's no consistent correlation between them. The dollar is a measure of effect of cross border trade and investment, including speculation, and relative fiscal and monetary policy. It typically reflects which central bank is tighter or looser relative to the other. The dollar doesn't drive trends. It is a barometer of relative pressure. I've just never been able to see a predictive link flowing from the dollar to anything else. Link to comment Share on other sites More sharing options...
DrStool Posted February 7 Author Report Share Posted February 7 When do they drop the text? Link to comment Share on other sites More sharing options...
WTF Posted February 7 Report Share Posted February 7 The equity market is currently looking for guidance on the feds loosing or tightening. That will be reflected in the dollar. I believe the forex market will lead the equity market on this one. Link to comment Share on other sites More sharing options...
Jimi Posted February 7 Report Share Posted February 7 6 minutes ago, DrStool said: When do they drop the text? Green candle would appear to confirm release.... Link to comment Share on other sites More sharing options...
DrStool Posted February 7 Author Report Share Posted February 7 That's all the market needed to hear from Powell. "Good afternoon" Link to comment Share on other sites More sharing options...
MisFit Kid Posted February 7 Report Share Posted February 7 there is that 3 minute resubstantiation we have all come to know and luv >: was it the purple tie? Link to comment Share on other sites More sharing options...
DrStool Posted February 7 Author Report Share Posted February 7 6 minutes ago, WTF said: The equity market is currently looking for guidance on the feds loosing or tightening. That will be reflected in the dollar. I believe the forex market will lead the equity market on this one. I disagree again. 😊 We have no idea whatsoever what the equity market is looking for. The market is a liquidity barometer. Traders trade based on how much cash they have in their accounts. Whatever they supposedly "think" about the market is an excuse. And it changes day to day. News is noise. Link to comment Share on other sites More sharing options...
WTF Posted February 7 Report Share Posted February 7 The pop in the market when J. Powell spoke is just a coincidence? Dollar Down, Yields Down, Equities Up... looks like some connection. Link to comment Share on other sites More sharing options...
DrStool Posted February 7 Author Report Share Posted February 7 8 minutes ago, DrStool said: That's all the market needed to hear from Powell. "Good afternoon" "Dis" Link to comment Share on other sites More sharing options...
DrStool Posted February 7 Author Report Share Posted February 7 1 minute ago, WTF said: The pop in the market when J. Powell spoke is just a coincidence? Dollar Down, Yields Down, Equities Up... looks like some connection. No. It was just the trigger. The technical signs coming in were leaning bullish. He just fired the starter pistol. Link to comment Share on other sites More sharing options...
MisFit Kid Posted February 7 Report Share Posted February 7 10 minutes ago, DrStool said: That's all the market needed to hear from Powell. "Good afternoon" "Dis" Sure he did not say "Achtung" Link to comment Share on other sites More sharing options...
DrStool Posted February 7 Author Report Share Posted February 7 2 hour bars. Link to comment Share on other sites More sharing options...
DrStool Posted February 7 Author Report Share Posted February 7 They overshot the base breakout measured move objective by about 10 points. Link to comment Share on other sites More sharing options...
DrStool Posted February 7 Author Report Share Posted February 7 This 4 day cycle (nominal 3 and 5 merged) up phase should ideally last well into Tamara. Link to comment Share on other sites More sharing options...
DrStool Posted February 7 Author Report Share Posted February 7 My trading port was up a good bit but now it'snot. I'm a better nose picker than stock picker. Link to comment Share on other sites More sharing options...
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