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Re: fishbait post# 29437

Thursday, 11/01/2007 12:00:29 AM

Thursday, November 01, 2007 12:00:29 AM

Post# of 384976
Fish,

I went back to review Scam's post on clearstation and have actual postmarked it so I don't have to go back again. (Actually I'll probably end up saving it on my computer directly.)

Last Fed meet on September 18, I took a short position but I think I was a bit early. Like around 3 PM. I was banking on the markets going down the next day after the up/down/up move. Well, the next day it went down a little consolidated and then rebounded up. I decided to sell and I ended up with a 1.5K loss. You definitely have to be quick trading those patterns. I for one am not that good to trade that quickly. I've also noticed it's really hard to get your orders in right after the 2:15 announcement. (Well at least last time I tried. I remember QLD gapping violently by +4 and I couldn't even get my order in so that's when I though I should try shorting towards the end of the markets for the down day the following day.) Good luck.

"The Fed-Day Pattern"
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7032318&usernm=scamman


"The Power of Patterns: The Fed-Day After"
http://clearstation.etrade.com/cgi-bin/bbs?post_id=6748035&usernm=scamman
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