The big question on everybody's mind is, "After Bear Sterns, who's next?" How many buyers are out there ? no really...
The Fed Announcement Tomorrow will cut rates - consensus is 75 bp cut! eMinis tend to rally on this expectation; But there are not a lot of buyers at higher prices - volume still shows the market favoring lower prices -
The Fed's actions may give the markets a boost, but the reality is that the economy needs more than these emergency actions.
If anyone is interested call me about placing a hedge for their own portfolios....
From the TradeMaven Software - Pivot Support and Resistance for 18 Mar:
What is Inside Edge?
A comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures. TradeMaven’s Inside Edge features the necessary analytics and execution information in one place to speed up your decision process, keep you on the right side of the market, and eliminate so much of the noise that surrounds trading today. This unique forum is the brainchild of Charles Cochran – a trading pro who has spent the last 15 years fine-tuning a proven methodology that eliminates extraneous information and concentrates on the market activity that matters: the market activity that foretells the market's next move.
