Wednesday, January 27, 2010
Strange Action
Usually you don't see this kind of late selling right ahead of the FOMC meeting, so I don't know how to read the current action. It feels like we need a flush lower before going higher. I can't picture us going straight up after the FOMC announcement. Another scenario, very unlikely unless we are super weak, is that we selloff all day after the annoucement. I will play it as the first move lower second move higher type of day.
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3 comments:
so are you flat or long?
flat.
Nice call today.
LONG ATHX @ 2.55
OL DAWG
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