Fed Tomorrow

Should be another no action day till 2:15 when we get the decision out. Who knows what will happen but a likely outcome is a ramp up after the announcement to the marginal highs then and retrace of it all. I am kind of looking at this move because that has been the trend for the last few meetings but we will see.
Market is still in a comatose state here.

BAC

Keep an eye on that important $15 level for BAC. Looks like it will definitely break soon. On that note all the banks are running to payback the TARP why? Really they are so full of greed for their upper management bonuses they aren't thinking about the long term.
Who am I anyways!!!!!!!, heard the BAC also now looking internally for a CEO, wow I would feel like crap knowing I was working at a company and I was the last one to get offered a job when all possible external candidates didn't want it, this is just funny.
I would say alot more about the banks like I use to but I don't want to get hate mails again. I bet when we do our wave 3 down I will get them saying it is me- :) funny too funny. I do this blog for fun and to keep myself sharp when I loosing mojo on my analysis.

Just be glad if you are healthy and can help yourself. I knew quite a few people who passed on this year, one just one month older than myself and many people who were in and out of the hospital, one as recent as last night, so be joyful if you are up and around and healthy.

MARKETJEDI

Excitement

Yep another exciting day yesterday NOT! I guess we are just winding down for the rest of the year. I have never never seen this in my over 12 years of trading but there is always a first. Today tuesday should also be very boring with the FOMC meeting starting today and decision tomorrow most will just be out shopping :).

I guess after the announcement we will get a directional move and I am guess up but who knows, it is all a guess here till be get some momentum out of this chop.