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.
Tuesday, September 18, 2007
Fed Summary
Posted by indextrading at 1:26 PM
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