A slam in the early morning, a sharp rally on much higher volume, and then sideways on light volume all afternoon.
Over at KWN The London Trader reminds us that:
“This is when you see things turn and the manipulators rip it to the upside. There are buy stops on the upside that are attractive for them to target at this point.
Traders are also watching the US dollar now because tomorrow the Iranians are scheduled to start trading oil in currencies other than the dollar. This is clearly an attack on the dollar by the Iranians.
That statement by the London Trader struck me as odd, because it is also New Year in the Persian Gulf, celebrated as NowRuz. I would have thought that there would be more of a holiday.
Reader Marcel from Canada reminds me that the dark of the Moon falls on the 22nd.
Let's see how the week progresses.
