With the US government shutdown and the looming debt ceiling drama, the markets are still tracing out recognizable patterns! In fact, I had a post yesterday calling for a bounce in the Dow, which arrived right on cue. Do you spend much time reading what
Dow makes a new low today and I caught a nice short on the early rally. But the Nasdaq is not declining in synch – and this is what keeps me from being full-on bearish the Dow (yet). I still believe the nonsense around
The US government shut-down has triggered a knee-jerk flight out of the dollar and the euro has rallied to within pips of the 136 handle – and has traced out a very rare chart pattern – an expanding triangle: Usually, triangles are contracting, where
