Loading ...| Tudor was a client of mine…. |
todays action did little to convince me that a low in the 10 ma of the clx wont occur till tues of next week …if the market continues to work higher till then it will have the support of the 30 day ma of the clx wat bottomed on nov 2 the.10 day ma of the clx bottomed in oct and is making a series of rising bottoms the next bottom in the 10day clx is tues next week….if u check the charts of the 30 dow components u will see that most of them bottomed in 0ct and november thats a hint of wats to come on the broad picture….short term the market is held hostage to the inventory adjustments that the boys are making in preparation for this months payday… 3rd friday of the month…the end result ….much higher prices
the brass ring of inventory that was awaiting the boys under the recent lows was too juicy a plum to ignore….they got calls that expire next week very cheap.././ another great payday coming up for them