The decision point, 200 EMA the weighted moving average. We are in a consolidated pattern here for 9 days. The technical signal that was used for a change in direction and confirmation was the 200 Moving Average. This was an institutional traders key to seeing directional change in the long term. When the price was…
Every time it looks like this market is going to turn we are getting support from the invisible hand (see previous articles). Amazing to see all the 800-1300 orders firing into this low volume buying. It looks like they really want the american public to buy in and are showing their support for this market.
We can see a tremendous increase in the number of bonds pushed out. This is killing the price as major buyers like the Chinese and Korean pension funds are pulling back and decreasing their purchases. Even though the Yuan is tied to the dollar, the chinese are buying less and less.
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