Any one got their bottom Fishing rods loaded yet?NOT ME.Jay
Jaygood info!! That kept mr away from bottom fishing.By the way, is the big drop from 3/18-3/28 still valid in your road map to the bottom?
No matter where we open tommorrow, we're probably going to spin our wheels until we hear from the FOMC and if they have any hints towards ending QE2.
Right now, the "big low" was 11,897. I'd be willing to say that since that's the low so far on a pretty ugly day, with a lot of crap going on, if we lose that tomorrow, I will probably nibble some shorts. On the flip side, I think that leaning long should only be for very fast trades.
If the FED comes out 3/15 and hint that QE2 is over, the market will take 20%+ DOWN.
Post a Comment