2pm Minutes

[ByLoSellHi]

Where was the old Ben when we needed him, stock_trd3r?

 

[Landis82]

SPX closing below 1440.15 will confirm that the C-leg down has started.
Not a time to be buying dips.

 

[FourZebra]

Quote from stock_trad3r:

Blame bernake

We were doing fine until the meeting and he began talking about inflation, the economy and rates

Yeah.. damn it why did he have to talk about...... the economy?
This is probably the single best argument the bears have right now... every bull is scared of economy talk. Pretty good argument actually.

 

[notouch]

People getting all excited about a little pullback...

 

[lloyd111]

Well if the SP500 closes below 1425 watch it go down hard from there! bulls start your engine for your dump trucks.....maybe a big buy the dip opportunity coming soon.....

Bears beware the Fed ,he is sneaking up with a rate cut gun... but not until the hurt is felt...so down side is plenty if SP begins leg down.

Happy trading to all!