U.S. home prices dropped another 5.5% Y/Y in December, the fifth straight Y/Y decline and the sixth straight month-to-month drop, according to CoreLogic's Home Price Index. The index is only 0.07% above the March 2009 low, and Calculated Risk expects a new post-bubble low with the January release.
这里下跌,跟我早上喊low was in有mirror的意思,都是first break trend line then back test the previous extremes,只不过早上是测试前low,现在是测试前high。早上low was in是low risk,因为trend is obviously up,但是现在赌这个是反转,反正我是觉得风险非常大,看吧。
Here comes a negative Fed comment, and we are in a pullback ...
Dallas Fed President Richard Fisher: "We are pushing the envelope with the current round of Treasury purchases... it is hard for me to envision a scenario where I would not use my voting position this year to formally dissent should the FOMC recommend another tranche of monetary accommodation."
Cobra, can you comment why the morning call of "low was in" was less risky?
greenback 发表于 2011-2-8 15:00
昨天暴涨,收盘走了牛旗,一般这样的暴涨,不会是一天wonder,所以今天至少也要测试昨天的high啊。然后早上又是个标准的测试昨天的low,这是个low risk bet哈,所以早上我说low可能in了。现在硬生生地说high was in,只有一个pattern的证明,就是retest the previous high,再没有其他依据了,何况是against trend,两下比较,早上那个risk lower的多哈。