links for 2010-09-21
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My out-on-a-limb-please-do-not-anyone-follow-this-advice statement is that the equity markets will ramp in the morning after a sluggish showing in the overnight and in anticipation of the Fed announcement. 1155 gets hit around noon.
The Fed announces, et vous y voila! the top has been put in place in exactly the right spot. That means to get short all "risk" pair trades, especially the EURJPY pair after the announcement- maybe even wait a couple of days before you strike. Stocks won't see this level again for several years.
You'll have plenty of time.
😀
Michael B. Duff 