8 replies to this topic

[rkd80]

I am curious as to what some of you think about the Fed's impact tomorrow. Do you plan to hold your positions whatever they may be? Or do you intend to be flat prior to the Fed and then make your move by EOD tomorrow? There seems to be some trepidation ever since the index put buying increased suggesting to some that perhaps oex boys are afraid of what the reaction may be, while others feel that it will be a good boost on whatever rally we might end up with today. opinions welcomed.

[skyymaster]

I am curious as to what some of you think about the Fed's impact tomorrow.

Do you plan to hold your positions whatever they may be? Or do you intend to be flat prior to the Fed and then make your move by EOD tomorrow?

There seems to be some trepidation ever since the index put buying increased suggesting to some that perhaps oex boys are afraid of what the reaction may be, while others feel that it will be a good boost on whatever rally we might end up with today.

opinions welcomed.

Here is something to chew on this evening.

Paulson: US Very Well Positioned To Face Global Competition
Paulson: Mkt Volatility Is Normal; Mkt Rates Still Low
Paulson: Market Stress A 'Wake-Up Call'
Paulson: US, Global Economies Strong

The Washington Post's Nell Henderson wrote: "In their meetings over the next
two days, members of the Fed's top policymaking committee are expected to
discuss whether to highlight their concerns about overall inflation in a
written statement, a step that could look like moving the goal posts to
investors accustomed to the central bank's emphasis on core figures."

[rkd80]

Hmm, does anyone care about Paulson though?

I am curious as to what some of you think about the Fed's impact tomorrow.

Do you plan to hold your positions whatever they may be? Or do you intend to be flat prior to the Fed and then make your move by EOD tomorrow?

There seems to be some trepidation ever since the index put buying increased suggesting to some that perhaps oex boys are afraid of what the reaction may be, while others feel that it will be a good boost on whatever rally we might end up with today.

opinions welcomed.

Here is something to chew on this evening.

Paulson: US Very Well Positioned To Face Global Competition
Paulson: Mkt Volatility Is Normal; Mkt Rates Still Low
Paulson: Market Stress A 'Wake-Up Call'
Paulson: US, Global Economies Strong

The Washington Post's Nell Henderson wrote: "In their meetings over the next
two days, members of the Fed's top policymaking committee are expected to
discuss whether to highlight their concerns about overall inflation in a
written statement, a step that could look like moving the goal posts to
investors accustomed to the central bank's emphasis on core figures."

[fib_1618]

There seems to be some trepidation ever since the index put buying increased suggesting to some that perhaps oex boys are afraid of what the reaction may be, while others feel that it will be a good boost on whatever rally we might end up with today.

Indications from the Federal Reserve is that there will be no change to the current Fed Funds or Discount Rate, so the wording of the statement will again be what many fundamentalists will be basing their near term trading on.

Fib

[Drano]

[quote name='fib_1618' date='Jun 27 2007, 02:26 PM' post='296544']
[quote] ... the wording of the statement will again be what many fundamentalists will be basing their near term trading on.

Fib
[/quote]
What about people who aren't religious?

[rkd80]

[quote name='Drano' date='Jun 27 2007, 03:27 PM' post='296545']
[quote name='fib_1618' date='Jun 27 2007, 02:26 PM' post='296544']
[quote] ... the wording of the statement will again be what many fundamentalists will be basing their near term trading on.

Fib
[/quote]
What about people who aren't religious?


[/quote]

fib: that is of course true, however i am curious as to how some of the FF folks are playing it. because i always had the impression that the market does what it intended to do in the first place. it just plays off the information to it's liking sort of speak. however if the wording is fundamentally drastic then all bets are off i suppose. i stated my bullishness 2 days ago and all the stuff i mentioned still holds valid, but i always find hte fed to be a difficult variable for me to handle and i dont want to be flat just because of it.

drano....LOL

[fib_1618]

but i always find the fed to be a difficult variable for me to handle and i don't want to be flat just because of it.

Being flat is also a position, nothing wrong with it when clarity isn't known.

The market knows what it's doing, so better to trade off what you see technically than to worry about any near term distractions.

Fib

[rkd80]

but i always find the fed to be a difficult variable for me to handle and i don't want to be flat just because of it.

Being flat is also a position, nothing wrong with it when clarity isn't known.

The market knows what it's doing, so better to trade off what you see technically than to worry about any near term distractions.

Fib

well, then, long it is - and ben is now merely a distraction.

[arbman]

For the ST, the rates are in the prices, the one week relative strength and rally in RUT is telling you this. The Fed news can only be good news, everyone knows they won't be raising. My ST cyclical picture is now hard up, I don't think the market will turn down in the next few days...

The market knows what it's doing

The crowd does not reason, it merely follows its instincts and traditions.
The instincts can be reconditioned, the traditions are harder to change...

But the crowd does not think, never.

I can prove you this better than I can prove you the opposite.

- kisa

Edited by kisacik, 27 June 2007 - 05:40 PM.