FOMC most likely scenario
Tuesday, November 3, 2009
Game Plan ahead of FOMC meeting
Ahead of the Fed, I am going to wait tomorrow morning and enter into a long position. I plan on selling this a couple of hours before the announcement. I have no idea what the Fed will do, but it won't be anything earth shattering. Without them moving on rates, it comes down to language, and that doesn't mean much at this point. The most likely scenario I see is a dip on the initial announcement, and then a strong rally and then minor selloff at the close.
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2 comments:
Mkt always goes up around 1 % on the day of the announcement leading up to 2:15 right dawg? Then sellf off after maybe?
Cash money on my longs
Mkt doesn't always go up 1% ahead of the announcement, but it goes up much more often than it goes down ahead of the announcement. And usually its not 1%, its probably closer to 1/2%.
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