What time you guys generally enter the trade after fed decision.
Last couple of times I observed that market moves up and down for couple of mins before finding the direction.
So enter the trade after few mins or enter right after the fed decision or before 2:15pm.
I entered long position at 12 noon. No stops on this baby as high seesaw action right after fed decision might stop you out in an instant then have you chase the market as it runs to the upside.
Go BULLS !!!!!
Many are looking for a run after this 2:15 announcement, who knows, 50 bp might already be priced in but we all know the will somehow find a way to push the dow back above 14k. Im sure this is the ultimate santa clause rally, maybe even new highs by the end of 2007, that would be funny.
Bloomberg.com reports that Wells Fargo (WFC 32.00, -0.64) Chairman Richard Kovacevich said he expects FOMC to cut the discount rate by 50 to 75 basis points.
