Tuesday, March 18, 2008

03.18.08 - Fed Tuesday


Talk about schizophrenic. Amazing Cumulative Tick strength and AD line is maxed. Hard call ahead of Fed, probably buy or sell any parabolic move for a mean reversion trade. May want to think about going neutral or hedging if you are concerned.

FED UPDATE: -3/4% POINTS BOTH RATES -- DOWNSIDE RISKS REMAIN -- INFLATION CONCERNS -- PLOSSER & FISHER DISSENT

POST CLOSE UPDATE: Wow! I have two closing signals: one, a breadth based go-long signal; and two, a bear market rally short signal... I'll look for consolidation tomorrow and reassess.

NEVER INVESTMENT ADVICE

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