Tuesday, September 18, 2007

Fed Summary

The fed decided to cut interest rate by half point and the market said its word.

From our point of view , I didn't see any mistake in taking step aside out of the market till the announcement release. This is what difference us from gamblers.

We take a logical decision when the odds are on our favour. We don't have to be in the market all the time.

I detected a weakness yesterday but I waited for toady's action. So we weren't in the market at this huge rally but it could have been the opposite. so no regrets.

Good trading.

No comments: