This is one of the reason I have been out of shorts in the last week. Yes I have missed some of the downside but an emergency rate cut could send us higher and catapult a rally. Now the scary thing is if we go down today on this news we in serious trouble as the FED has no more bullets in its gun. Lets see how it works out, as I said I dont want to be the last person shorting when we start to get a bounce because the bounce might be huge. Now I dont know if it today but this has the best chance to get some traction.
Talk to you later.
MARKETJEDI
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