what a reversal!

[empee]

wow, I haven't seen a reversal like this on no news in a long long time (well, basically since we've been low vol environment). What up?

 

[MattF]

FOMC Minutes...

 

[empee]

doh there was news

 

[ByLoSellHi]

You know the fundamentals are weak when some blabber from the fed wipes out 100+ points in 5 minutes.

 

[empee]

who let the bears out??

Yawn.. there will be a bounce to this, the question is does the bounce take us higher or do we top (at least short-term).

 

[DeltaSpread]

This is like the 1st trading day of 2000 - well not as dramatic, but a complete reversal to red from a triple digit gain on the DOW.

 

[thehangingman]

I stepped away from the trading desk to get some coffee and now all hell is breaking loose.

 

[empee]

wow, amazing, when was last time you saw 1.50+ movement on QQQQs in =1= day!!

 

[PoundTheRock]

The Fed reminds me of that scene in Chinatown where Faye Dunaway gets slapped around:

She's my mother... sister... mother... sister

 

[empee]

if we close at the low I will buy at the open for a swing long some NQs