Wed Oct 5 2022
Social mood is unconscious and unremembered.
the last few days of tow down 500 adn then two up 700 and now down 300 certainly demonstrate that. With high volatility like this we need to allow for spill overs and unders.
this might allow for another thousand points but as we just had back to back 700+ days that does not seem unreasonable.
Hedge
on the two hour chart it looks ike HDDGE wants to return to its 200 hour MA at 27.89.
Crude oil finally broke out so we are not so worried about a big fall there. OPEC claims to cut but who monitors OPEC?
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