Wednesday, January 28, 2009
FED day
Yesterday`s trading session was the continuation of monday`s action and essentially we chopped around all day. Although I know that this kind of action is likely to happen on pre-fed days, I still managed to overtrade instead of taking the day off. Anyway, today is FED decision day and although markets look bullish short term for now I remain very, very careful here. Right now, futures are up considerably but I won`t buy the hype at the open. Waiting and let things settle down. Stay smart.
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