WARNING for anyone thinking of trading Tues.March 18th WARNING

I see this was a beneficial post...that DOW 500-600 high/low range is in site...WATCH WITH CAUTION at 2:15PM EST...watch...could be MASSIVE sell-off!!
 
Quote from HedgefundTrader2:

Do you know that the last 3 Fed rate cuts have produced sustainable massive rallies in the markets? Just go back and flip through the charts. DOW has moved a 1000+ points on those occasions.
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You may want to take a look at this:

There's a Fed rate announcement at 2pm ET on Tuesday
18 March 2008. On the previous Fed Day the FOMC lowered the rates by 50 basis points to 3.0%.

To see how the E-mini S&P500 contract reacted to this change have a look at the chart on this page:
http://www.mypivots.com/articles/articles.aspx?artnum=11

Use the Pages link at the bottom of that page to look at previous year's charts for Fed Days.

More details with be posted to the forum when they become
available:
http://www.mypivots.com/forum/topic.asp?TOPIC_ID=2849

It's likely to be a volatile market after the announcement so be careful and trade safely.

Yours in profits,
The MyPivots Team
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Quote from increasenow:

again, be aware if FED does not do what market expects...be WARNED!
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it seems they have for the last 6 or 7 rate cuts and the market is crying for a 1% cut...
 
Quote from increasenow:

I needed to put this out here...tomorrow may see the most massive move from high to low in days...look at everything happening tomorrow, tues march 18:
1-Goldman Sachs earnings before market open
2-Lehman brothers earning before market open
3-housing starts 8:30am est
4-PPI 8:30am est
5-events from yesterday (Bear Stearns, FED cutting lending rate)
7-FOMC announcement at 2:15pm est...

WARNING:...to trade tues march 18th is nothing to fool with...please do your research...
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I've made it a point for years - to my benefit - not to trade anything on Fed days. The market is under unusual influences, and generally trades in a very small range until the announcement.

Not worth the time or effort.
 
Remember that when trading, you are in a battefield--they will do EVERYTHING to bluff you. The only time the market will quite reliably go according to expectations, is if meeting the expectations is to the detriment of the retail trader.
 
do you really see more upside for the DOW today?...it is 11:57AM EST and DOW up almost 270...is there any upside left at 2:16PM EST today....think about it...if there is...could be massive sell off after that...
 
Quote from increasenow:

do you really see more upside for the DOW today?...it is 11:57AM EST and DOW up almost 270...is there any upside left at 2:16PM EST today....think about it...if there is...could be massive sell off after that...
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When you think something cannot go higher it WILL GO HIGHER. NEVER MAKE TRADING DECISIONS BASED ON WHERE YOU THINK THE MARKET WILL GO!! LET THE MARKET SHOW YOU WHERE IT IS GOING.
 
Quote from HolyGrail:

Yeah, I sure would hate to trade on a volatile day like that. I'll wait for a shortened holiday session to go for the big bucks.
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Haha. My sentiments exactly. The rest of this post is worthless
 
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