In the last four years all sell-offs ended the same way - Bernanke came and took them away. Do not get complacent here, look at your technicals to guide you out of the shorts before he speaks on Wed. afternoon. Take what HE gives you, because HE is the market. Trade with him and not against him. Take it from someone who tried to fade him and has some scars to show...
If you are too lazy to do the chart work, here is the link to my previous post on where to cover and why we are here http://viewonmarkets.blogspot.com/2013/03/a-freakish-coincidence.html
I fear the Bernanke.
ReplyDeleteEven more though, I fear the QE-POMO.
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Wednesday will be volatile....and I'm guessing...the bulls will be (briefly) filled with hysteria that QE will continue for many months to come.