by Miles White
Remember to Know When to Stop
I think the Fomc and the latest head Yellen know nothing and their influence and power are waning long term. Same old blah blah blah, Nasdaq futures market collapses below 3870 if she squawks poorly and we are oversold and due for a bounce above 4000 post testifying. Conditional orders for either reaction. Buy higher or sell below only after she speaks currently. 3955 as euro session begins.
Last week was brutal. DixPix went 2–4–1 against the number, with three of the four losses coming by a total of 4 points. I was singing the gambler’s blues. I flat out missed the over/under line on S. Carolina vs. N. Carolina. These teams had game one jitters big time. I am not convinced that Gene Chizik…