Wednesday, October 29, 2008

FED Hour

What we will see ?

If 0.5 cut i expect some consolidation and possibly a return at the 900 area... but i am positive about the outcome. Maybe some sell the news reaction will be the initial theme.

If 0.75 cut... rally all the way over 1000.

In any case long it is the way to be at least for 2 weeks from now... any significant retreat will be bought to catch the bargain.

Good Luck

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