how about Ur friend, SNPS, any moves on that yet?
Dear DXB it has reached 26.77 , very close to 26.85 our first target and now 26.28. Not bad for a hype...Good Trading
What do you think about the current weakness in the market ahead of the Fed. announcement? What's your best guess on how this will affect the action after the announcement? Now tell me something really funny, OK!!!
I would be nice to finally have a decline more than about 1-2%. 5 months up with no normal corrections along the way! When I look at puts and calls for Q's, I see most (by a big margin) Dec. and Jan. calls AND puts reside at 44. I still think a hit on the 50 dma is likely sometime, but then another rally would maintain the 44 handle so both call buyers and put buyers loose. Or do you think once the 5 month bull run ends the p/c data would not matter.
Dear FOX, you know my big picture, we are close to rollower in the market. Today my thinking was market will spike after the annoucment, but that maybe inverse now. IE market may actually spike down. In any case, I believe as a trader it behooves us to go with the direction of the market right after annoucment. I would say on EMINI, stop should be placed or market order send immediately with a 1.2-2 points in the first move direction. Profit should be sought at the extreme QQQQ points I outlined this morning . 45.50 and 42.50 Does that answer your question? Dear FOX.
Hi there Dear Kindspirited. where were you man. I got worried... I did not hear from James today either. Yes 42.50 is under 50 DMA which is at 43 now. I have rarely seen market react this way to pre FED announcment. Unless it completely recovers before 14:15, I am predicting trouble, but see the action plan as outlined for Dear FOX.Good To hear from you again.Good Trading.
As you and I both are aware, this is an absolutely insane market. From watching previous news announcements, I would think the opposite. It look like the current market's game is to spike in one direction, then make the real move in the other. If so, since we are already down, my guess is that it will spike up, then turn down for the real move. But what do I know! As you say, a trader has to be alert to all possibilities and act accordingly.
Dear FOX, exactly my thinking...what do we know. Attraction levels that is what I know myself, when I see those hit I act and any of our scenarios may come out from this. I notice thought we seem to agree the finale will mean down move by tomorrow. AMEN. has BKX sucked few in at 115.1x? That would the fake of the century!GOod Trading
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