therefore for the purely technical trader (charts only), it could be said that the fed's current action was already baked in (anticipated)..I love charts !!
has been stated by more than 1 that the latest big sell-off was an E leg of an 18 month corrective expanding triangle (the end of a correction on a 10 year bull mkt) on monthly chart..and that now we've begun a new multi-year impulse up (despite how crazy this seems regarding the force/magnitude...
looking at the bigger picture, this seems like a buy the rumor for couple weeks, sell the news yesterday evening...it just seems like some sort of a blow off..geez, just look at the AMZN chart..
oh couldn't resist - referring to Gene Simmons' public acknowledgement of his love of women throughout life - that the song probably also referenced his type of love gun..haha...he is a love gun and he has a love gun..there.
attempting levity perhaps unsuccessfully:(