Wednesday, June 24, 2009

What to do, what to do...

The markets had a nice pop before the 2:15 PM EST Fed Announcement. From a charting perspective we've rallied back up towards the upper trendline of the 30 min. downtrend we're in the midst of. The last 2 times we're rallied to resistance have been opportunities to load up on bearish trades. Time to load up again or wait for the Fed announcement? The announcement is always an X factor, as it's impossible to predict the knee jerk reaction.


I suppose one could compromise by entering part of the position now, then wait for the Fed before loading up on the rest...
Tyler-

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