The day after

The day after FED, it feels bloody, but easier for BEars. As the man Bernanke, seems to have endless array of tricks to dazzle people. Perhaps though he ran out of those. Who knows. Interest rates are rising, inspite of his purchases of bonds and Market is not really moving too fast anywhere. So, Those that want to short market may feel more comfortable in coming days.

Finally The Day Arrived.

Please note, PCratios are practically same as yesterday, so the same comments apply from yesterdays post.

FED day is upon us and we are almost where we were 22 days ago on closing bases. Sometime later than 4/5 we predicted ( using our trusted Pressure charts) that we could be in for upslanting sideways consolidation. Well, you are always the judge of what we sayd and what happened. Just look at the charts. Now, we maybe approaching the end of MEANDERING. We may have pretty sharp moves today one way or the other. Look at the pressure chart for expectations.

Still Waiting For FED?

Yesterdays close on SPX, is within fluctuaion 2% of all the range of last 15 or so trading days. Yes, Dear Richard may think we have deviated too much on the upside from trading range, but you will be the judge. Just look at the chart!
I may have sounded like wishy washy on this board and at private DotNet, but justfibly so. Because Market has been leading us nowhere and being wishy washy(:-
Only Dividend stocks owners were making money, because time is on their side(:-

More Of The same Till Fed Speaks

We keep saying for last year and a half that this is not your fathers STOCKS MARKET and people must find the Nice Yield stocks and stick with them, instead of of going for either total market or short term trading. Well. With that approach the stocks like KMP and EPD my biggest favorites are not only safe, but are close to even October levels and YIELDED over 9% ( annually). So, what else is new. People always go for what worked last year or two, instead of understanding how and why markets have changed! With the FED day coming up on Wednsday and market very emotionally charged as many are feeling to have missed the move and many ready to take profits on a moments notice, the always manipulative FED will, probably, try to run the markets up ( can always find something to encourage the rally!). So, If there are times when one should be careful and stay close to trade, this is the time. We could be up 60-70 points before the ond of this weak or down 60-70 points. Who knows markets may even start moving before the FED day.

From Dear Joe, A little Very Relevant and Timely Joke/True Story?

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A little boy wanted $100.00 very badly and prayed for weeks, but nothing happened .
Then he decided to write God a letter requesting the $100.00.
When The postal authorities received the letter to God , USA , they decided to send it to the President.
The president was so amused that he instructed his secretary to send the little boy a $ 5.00 bill. The president thought this would appear to be a lot of money to a little boy. The little boy was delighted with the $5.00 bill and sat down to write a thank-you note to God, which read: Dear God: Thank you very much for sending the money. However, I noticed that for some reason you sent it through Washington D.C. and those assholes took $95.00 in taxes.

Sideways move persists, how long?

As we indicated in previousl posts, the Pressure charts suggested the sideways move. Not for long though. Sometime soon the break must come. We think one way! we shall see

Trickier Today, but Market May Rally

This chart is for USDCHF , Some people mistakenly, totally, think that AP hits happen once who knows when. Well, see the picture, Pleaase.

Today could be a bit more difficult to gage the market direction, but we could rally, at least, part of the day as the Currencies may have one more day to rally as well.

Could Go either way, but Upside could be limited

Market, is moving lower early morning , considering anticipated , short term Dollar Decline, we could be in for early weakness and later strength in the markets.