LOL>Do not worry about falling back a bit, how low did it go today wasn"t it as low as .93. Well then that is good , now take a look at the chart and see what the low was yesterday , well it was .92 , so we still have an uptrend right? A weak one none the less , but its ever so slightly there.
Did you watch this morning when it hit .93, I was, I was eyeing it looking for support too kick in and it did, it only traded about 3000 shares on the fall too .93 from 94 .
And what kinda day was it down south, it was a miserable days for 10 yrs because the Jerome opened his mouth and stuck it too the market , by saying he"s not worried about the yield until 2% basically. so the bond guys had a tantrum and ran the yields up.
Right now its the FED and the bond guys duking it out. In other words I think the bond guys want the FED too bring in YCC (yield curve control)
Anyways that is too dep into the reasoning for some here.
What matters is he popped the bottle before he left the building and these talking FED speakers will be quiet i read until Mid March meeting (aka its blackout time for them)
The Dow was down 700 points or so at the low. The TSXV was down a massive 85 points at the low of the day. I cannot say whether that was the bottom in the market or not but it must be getting close?
Also the bond guys are saying to themselves if we make the market go down more then the FED will step in and save the market .
All commodities other then OIL got trounced as well today.
But Wow that was one big drop in the Venture Exchange , one of the bigger ones for a long time.
And the big one is do you think they will stop making cars? We got plenty of Copper as well.