As far as I know, there is no rule against two pause days in a row. If so, we broke it today. Market rose early then reversed when the Fed's Open Market Committee broke up. Guess they said what was expected, but disappointed what was hoped for. Anyway, markets are meandering, not knowing which way they want to go. Buyers and sellers are waiting. Traders longer than day traders don't much care which way the markets go, as long as they go. So we wait.
Wednesday, June 24, 2009
Pause Day 2
As far as I know, there is no rule against two pause days in a row. If so, we broke it today. Market rose early then reversed when the Fed's Open Market Committee broke up. Guess they said what was expected, but disappointed what was hoped for. Anyway, markets are meandering, not knowing which way they want to go. Buyers and sellers are waiting. Traders longer than day traders don't much care which way the markets go, as long as they go. So we wait.
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