Tuesday, October 28, 2008

Nothing new to say

The major market averages made new closing lows yesterday. The FOMC will come out with the rate decision on Wednesday. The market action until then is just noise. I will evaluate once the fed is out with its decision. As I am typing this, I see that the futures are up big. Yet another trap or something real, we will soon find out.

4 comments:

mbabasa said...

Do you see the coming test and break of the 10/10 low as an entry point to start going long?

angar said...

Hello vinaydh

This is angar from Happytrading Community. I like to be part of Thinkingtrades and please do send me the details and more insight about posting trade alerts, etc.,

Wish you good luck and Kudos to your market insight

admin said...

eclectic.skeptic, the coming test is too far out now:).

admin said...

angar, welcome to thinktrades. I will send you the details soon.