WE CALL BERNANKE ANSWERS! What now?? Right NOW!
WE CALL BERNANKE ANSWERS. BERNANKE CUTS 75 POINTS. HAS HE BEEN READING THE BLOG ?? LOL. We called for atleasat a 50 point cut soon…and there we have a 75 point. It’s so comforting.
That was one huge sell off going into the market open today and then the Fed rescue…..All this is past now.
When you think about what to do now…Think of these factors.
I would like to see a retest of the morning lows or atleast a test to around 3.28% levels. Retest on a LOW VOLUME would mean that the sellers are done with it. But, even if it does not sell off into the close and turns positive by the end of the day, then its a very bullish sign for the week. But that going into positive should be with some decent volume. When all the sellers are done selling, its a bullish sign. If the market keeps going down into the close today with the Margin calls and volatile selling…….then it will be a short term bulllish market going into the next FED meeting this month end.
We are going long today after 3:30 PM if we retest the lows with a low volume…otherwise we stay out.
Don’t believe low volume driving us into positive today. If that’s the case short the market. If you see high volumes positively going into the close buy it.
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