FED Behind Us Now – False Breakout?

April 29th, 2009

It’s been a fun ride thus far today as it usually is on these days. The market shot up after the meeting announcement but has since fallen back down to the critical 875 level on the S&P. Notice below that IF we stay lower than we are now into the close, this could be a very important false breakout. Regardless, members and I have entered into some more short positions – namely in restaurants – with HUGE profit potential. Trading Video to come tonight!

 

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