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Advice:
If your methodology or system gives a trade in the stock indices or bonds
early tomorrow, then by all means take it. After 11am est I would recommend
staying on the sidelines and enjoying a kosher hotdog. Hehe...just a
favorite lunch of mine.
Once the announcement of the Fed's action (or no action) comes out at
215pm, let the gamblers take the first one or two moves. Then examine what
your indicators are telling you and act according to your own rules. If you
can't get in, don't worry about it.
You need to come back another day in order to stay in this business. It
would be a shame to lose a bunch right before the Christmas weekend.
Greenspan et al are just plain rude scheduling this meeting so close to the
holiday.
Good trading, nonetheless.....
Jim Cox
and Happy Holidays to All!
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