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Robots run amok?

  #12 (permalink)

Market Wizard
Point Roberts, WA, USA
 
Trading Experience: Advanced
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Posts: 3,731 since Dec 2010
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TWDsje View Post
And then you have today. What happened today? The treasuries had a trend down day and completely blew through their lows from last week. Yields moved up. Many levels that equities were worried about treasuries hitting were breached....and equities went up!

So now all of the sudden the market no longer cares about all of the things that it was panicking about last week. So we have two conflicting moves. I say that the one that pushed equities up today is the rational one, and all the strategies dumping stocks last week because of rising interest rates are on the wrong side of the trade.

The reason the market went up is the US govt buys dips of 10% and forces it up so that at the end of close RTH there is never a 10% drop and the Title "Market Correction" does hit the next day headlines for the masses.

They have done this 3 times before always at -10%.

Keep your mind in the future, in the now.
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