A formidable battle is going on.

TweetAn Important Day … This will be an important day because a formidable battle is going on. Institutional Investors have been in Distribution, and the Fed will step up to the plate today and try to avert any negative consequences. This battle is actually reflected in the action of the NYA Index as seen below.   […]

Can the Fed beat this “Expanding Wedge” pattern?

TweetCan the Fed beat this “Expanding Wedge” pattern? If it wasn’t for the Fed, this DJI chart would already in big trouble.  While the yearly DJI chart does show its first 2014 tick as being inside the expanding wedge pattern, a lot of money is being pumped in to try and get the DJI back […]