Wednesday, June 24, 2009
Gratitude for a stress-free trading day despite Fed FOMC of all days!
Just gotta point out that on a day that's usually very stressful for traders, Fed day - we were able to put the work together before the open that made it seem like the S&P 500 acted according to script! Pride goes before a fall so I want to be careful to point out, what's posted here incorporates great input from several talented sources. I'm grateful for the input including the ChartsEdge map, Tony Caldaro's OEW counts, and Andre Gratian's technical analysis with support/resistance/projections! (And even thanks to good ol' Fibonacci too.) If you were following with the Elliott Wave count then you might have been expecting the afternoon to weaken off, along the lines of some of my "tweets" on Twitter today. So I just want to express my delight in how it all turned out today. Especially on a day that's normally full of stress for traders waiting for and then reacting to FOMC announcements. All in all, made Fed day feel like a walk in the park!!
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