- Posted February 19, 2014 by
New Andrews Pitchfork Indicator Signals Large S&P Down Move
Today the notes of the Fed Open Market committee were available and it was noted that as the Unemployment rate declines under 7% the fed tapering will speed up.
Most market watchers have figured out that this particular unemployment rate will go down quickly due to the fact that many unemployed will no longer be counted.
In addition to that, corporations in this run up have been borrowing like mad to purchase company stock. This results in the VP of finance getting a bonus for pressing a button. It now appears that not only will this stop but corporations will start to go short the S&P in order to hedge their excessive long positions in company stock.
More information on the new Andrews Indicator is available at www.andrewspitchfork.com