The initial impression was that no more QE after June. But, not quite! They are going to continue to reinvest both Treasuries and MBS, meaning the markets will still be awash with money...
I thought this was a good article:
http://martinkronicle.com/2010/03/29/day-trading-is-distracting-you-from-making-money/
I have to admit, i make far more money from position trading than from day trading.