Tuesday, January 29, 2008

01.29.08 - Anticipation Is Making Me Wait

Lot's of CNBC talk on "selling the news" ahead of tomorrow's Fed announcement. I'm not so sure... Meanwhile tick is looking good, even as price has been relatively flat.

I do think it's bullish we have held the opening gap up thus far, but you will notice on the chart below that I started hedging a little less than an hour ago. Transports are pulling nicely today while Technology continues to struggle. On the daily time frame, we are in a bit of a no man's land here.

No comments: