The First Move Is Often False – Beware Of News Driven Rallies!
The Fed should really consider looking at a momentum oscillator some time. It seems that the market reaction after the Fed makes announcements is largely dependent on the short term overbought/oversold condition of the market. To elaborate, at the September 2012 Jackson Hole meeting, the FOMC on May 22nd of this year, and the…Please subcribe to read more.
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