Waiting for Fed

Posted by downtowntrader | 1/29/2008 08:27:00 PM | 2 comments »

No charts tonight as I prefer to wait until the Fed move announcement is digested tomorrow. There is a better then even chance we may not even know the next move until a few days pass either. I have a few plays in mind depending on the reaction such as OMCL, ZOLL, and CCC if the move is positive, or going the inverse ETF route if things break down.

Good Trading,

Joey

2 comments

  1. How I Day Trade // 1:31 AM  

    Just came across your blog about a month ago. I enjoy it very much and have added you to my blog roll.

  2. Anonymous // 1:11 PM  

    The scary part is that every man out there will be going for the inverse ETF's.

    What will happen at 2:16 when everyone tries to buy SKF and FXP ?