Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Tuesday, March 16, 2010

FOMC

There is a tendency for a morning move out of the FOMC day. Which then Peters out into the announcement. Basically nobody wants to make any moves, and it's a drift.


Now, We are making new highs. and My best model, says that if we don't make The swing High on Friday or Monday Before options Expiration, it won't come until Friday or Monday of.


Oh! this is also the day that we get to look at the Meme "Fade the first Move, Immediate move after the announcement.... I have yet to figure out if that is the 5 min bar 30 Min Bar or 65 Min Bar. or if it is just a bullshit game I like to watch.


No comments:

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"