MBS AFTERNOON: Near The Best Levels Of The Day... Does It Mean Anything?
By:
Matthew Graham
•
Best levels of the day, best levels of the week... But write the same sentence and substitute "worst" for "best," print the resulting sentence on a piece of paper, wrap around a dart and throw randomly at this week's calendar and you're already working with better-than-vegas odds of predicting reality... Oh too cynical? Not hardly! I'm just another victim of the resignation that can only come from the repeated "slap-chop" of low-volume summer flows and their ridiculous manifestations on the chart. But ridiculous doesn't necessarily mean "without pattern."
What do you see? We'll talk about it in the close...