As I said this morning you know there are a ton of stops just
above this level. The FOMC annoucement will most likely push the
markets up high enough to pop those stops and force the remaining
bears to buy up this market. Also, the enitial move on FOMC moves
tend to be a head fake whip saws. Best advise is do nothing
for 10 minutes, go out and shovel snow or walk the dog and wait for
the smoke to clear. imho.....
http://screencast.com/t/7ocsWcdYprY
Stops
Posted by ditch on 26th of Jan 2011 at 01:56 pm
As I said this morning you know there are a ton of stops just above this level. The FOMC annoucement will most likely push the markets up high enough to pop those stops and force the remaining bears to buy up this market. Also, the enitial move on FOMC moves tend to be a head fake whip saws. Best advise is do nothing for 10 minutes, go out and shovel snow or walk the dog and wait for the smoke to clear. imho..... http://screencast.com/t/7ocsWcdYprY
I'd rather lose money than
Posted by Palladin on 26th of Jan 2011 at 02:02 pm
I'd rather lose money than shovel snow!
I will go take a shower.Its been a long day
Posted by rareto25 on 26th of Jan 2011 at 01:58 pm