I would be very carefull with short positions because I smell an emergency rate cut. Fed is way behind the curve and Bernanke would maybe follow Greenspans footsteps and anounce a rate cut BEFORE the meeting. Today would be good timing, shorts would get toasted. Anyway we will get 75 point cut in January, thats nearly sure. Phil
It's interesting how 2 almost identical set-ups happen 2 days on a trot. Wednesday <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1751296> Thursday <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1752172>