Das Sprach Fed-rathustra
So, the Fed spoke
According to internet headline peddlers, Benny & the gang have said that they would do what it takes. Are you surprised?
A rally without end? Who knows?
Anyhow, not much to do other than work the levels and wait for the market to either reach the moon or gradually take the position out.
Fed days have a track record of reversing the next day, but, again, who knows?
My levels are 1135, 1130, 1120, 1115, and 1110
BTW, did you see how gold miners swung back to life -- seems like the greatest fear in the market is to end up being the last man holding US Dollar :-D
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago