Wednesday, October 24, 2007

Nice Rally

Posted by TraderMark at 3:18 PM TweetThis
I wondered what could of caused that huge swoosh up...

what's that I hear in the distance....

(not that I'm complaining since I am positioned extremely long)

If this happens this will be the 2nd huge intraday reversal in the past 2 weeks. What a market.

EDIT: I just found this on Realmoney.com
"A rumor is swirling in the markets that the Fed is planning a discount rate cut ahead of its Oct. 31 Federal Open Market Committee meeting."

Classic.


Posted by TraderMark at 3:18 PM

| Edit This Post | Create A New Post

Subscribe to: Post Comments (Atom)

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.


Site by codeeo
Original WP Premium theme by WP Remix