Looking at the inflation data from the usa and allowing for the big fall in oil over the preceeding months then it’s not so good. Take out this bit from marketwatch and the housing data cannot be trusted.
Quote ; The government's housing data are subject to large sampling and other statistical errors. It can take five months for a new trend in housing starts to emerge from the data. The standard errors are so high, in fact, that it is not certain that housing starts rose or fell in September.
The market supposedly rose on good news from a couple of companies. Then it’s said profit taking took it much lower. May it have been the ppt supporting what they believed would be a sell off at open ? Get the mkts confidence. Pull and wait. Support again. Wait and support again during the last half hour of business on wall st.
I’m throwing this in now and we'll see what happens. We have 3.5 hrs to go. This is my theory re ppt. I will not wait until mkt closes. I'm brave enough to see if i’m right in advance. It’s gone according to plan so far as at 12:30. et
DOW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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