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chichi2

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chichi2

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Re: None

Monday, 08/10/2009 10:15:45 PM

Monday, August 10, 2009 10:15:45 PM

Post# of 76351
FOMC DAYS chichi2 looks ahead>>

FOMC Meeting will be for two days, starting tomorrow (tuesday)
then Wednesday, we will hear this message at 2:15pm (wednesday)

"No Rate Change. Diligently watching (whatever). Will do whatever to help economy recover." EOM (end of message)

action is: SIMPLE AS ONE, TWO THREE

(1) Usually on an FOMC day, Markets move up into 1pm then squirm a bit, vibrating to 2pm.

(2) Announcement at 2:15pm causes an Immediate Reaction, within 20min is a Counter Move, then into close is Reversal and we float home.

(3) The following day you guessed it, the day many times ends with another Reversal.

Trade at YOUR OWN: Risk, DueDiligence, RiskTolerance. Trading Responsiblity is Totally Yours!
You are Spending Your Money, no one elses! Be Wise, Be Thinking, Be Deliberate!
Be Lucky, Chichi2

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