Quote from volente_00:
T day crew has their flip flops on today
Quote from volente_00:
Since you guys love to back test.
Run this one and see what you come up with.
Fed flip flop theory.
On days following the FOMC, the theory is the market will do the opposite of what happened the day before.
Quote from wave:
MAJOR MARKET CORRECTION ALERT.
The bottom of this next leg down will be the bottom to buy and hold long.
Quote from volente_00:
anyone watching the IHS setting up on the longer chart ?
http://finance.yahoo.com/q/bc?s=^GSPC&t=6m
Here is how I think it can play out
To put in the right shoulder, this fails 1380 -1400
Then back down to ~1320
Then rally 1418 to test the 200 day, then 1468 -1480 later in the year.
Both current and further out option interest support this happening.