Sive Morten
Special Consultant to the FPA
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Good morning,
Although action up was really fast, it mostly was driven by short covering. That's why it is not very reliable. Our opinion - it will be better to wait for Fed results before taking any positions:
The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
Although action up was really fast, it mostly was driven by short covering. That's why it is not very reliable. Our opinion - it will be better to wait for Fed results before taking any positions:
The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
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