Trading Is Chaotic
News from the European Central Bank is causing chaotic trading as market players attempt to sort it all out. The pattern from Europe is that any bad news is quickly followed by something positive, which is why we've had dozens of Europe-is-saved rallies. If it were actually saved, we'd only have one rally, but this way the supply is endless.
The dip buyers made a very weak early effort, and the potential of another leg down looks rather high. We have a news vacuum for a little while, and the ECB comments have undercut the optimism that was building last night....139 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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