Anyone notice how the markets made an evolutionary step this last week? Usually when the Fed hints at the possibility to step in over he last 8-9 months, the market moves up. This time they went doooowwwwnnnn...pretty much saying bitch prove it to the Fed. Almost a sadistic downturn just to cause the Fed to step in and pump more liquidity into the market. IMO it could be in August that the Fed steps in at this rate. Obviously if something more dramatic occurs then it could be earlier. Hoping that when Obamacare gets trimmed or cut off it gives a boost to close some long positions. Can't see how July will be any better though so I probably won't open anymore long positions.
BobK, you talked about trading trends last week, so I was wondering how you are fairing this last week since the short term strategy you talk to looks like it is more accurate as the trends often have been predictable throughout the trading day although whether the market opens UP or DOOOWWWNNNN is less so. I got my junk beat in the last few days and not in a good way.
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