This is exactly the sort of non-sensical, misinformed euphoria that I love to sell to. Have fun. I can tell you Bernanke isn't going to lower rates. His next move will be up, but that's into 2009. He can't lower them, because inflation would skyrocket.
Reading the same news, aren't we? It's not like the Fed statement was extremely rosy either. What a goof! It read like there's bad things, so we're going to be watching the data to confirm these bad things that so many on this site already see.
read this http://www.elitetrader.com/vb/showthread.php?s=&threadid=133339 tomorrow will be a great sell opportunity
interesting...at 10:28pm nyc time...DOW futures down 4...ES up .50 and Nasdaq up 9.25...my point...not all 3 are up...hence...CSCO not creating big move afterhours...watch for great sell opp tomorrow
& Can't agree more!! I thought traders are supposed to trade charts. I don't think we can make any money by arguing about what's gonna happen tomorrow or keep checking the after hours data. If increasenow thinks it's gonna have a gap up and fade the rally, why does he bother the fake every an hour or so? Make a plan and trade the chart tomorrow.
Hopefully we open on a gap-up and immediately begin to sell off, to create a dark cloud cover pattern. High volume, of course. Did anyone look at the volume today? It was pretty light for a 2.+% move loke we had.. Not a good sign!
Yea the volume was preety light today Since it is August and = all the big trader are on the vacation Well you never know may be they could take the market higher to make the bear,s and shot puke. or it could open higher just to get the longs trapped and get a nice shot from there As Long as you are a day trader screw all this and wait for you scalping setup