I needed to put this out here...tomorrow may see the most massive move from high to low in days...look at everything happening tomorrow, tues march 18: 1-Goldman Sachs earnings before market open 2-Lehman brothers earning before market open 3-housing starts 8:30am est 4-PPI 8:30am est 5-events from yesterday (Bear Stearns, FED cutting lending rate) 7-FOMC announcement at 2:15pm est... WARNING:...to trade tues march 18th is nothing to fool with...please do your research...
Yeah, I sure would hate to trade on a volatile day like that. I'll wait for a shortened holiday session to go for the big bucks.
I'm usually more of a swing trader, but tomorrow is gonna be rapid in and out. All those events you just posted are good for daytraders.
I think the 2:15 rate cut is going to make up about 90% of what the market does tomorrow..... anything 50bp or less the market falls apart, the bulls are BEGGING for a 1% drop in rates so I guess bernanke will listen and drop them a whole 1% Lets hope they keep the rates unchanged because thats what they should do.... let the market take its own path for a while...
could tomorrow, this week, literally begin the "top" for Gold, Euro, 10 year and the 'bottom' for DOW, S&P, Dollar??...could this really be it?..depending on the news, decisions of this week...it really could be 'reversal' week...agree?