The markets have been on a high velocity ride upwards. Every news letter on the Internet is predicting or expecting a correction, and have been doing so for the past 4 weeks. On the other hand no body is talking about fundamentals anymore every body seems to be focus on the technicals.
Well this is crazy for now, so at this point is worth buying a few puts and calls on the major indexes and just take a wait and see attitude. This will break one way or the other.
Everybody is expecting a major move after fed announcement at 2:15 pm, my best guess is that we see no action.
Tuesday, March 16, 2010
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