Monday, October 24, 2011

Fed: Doing additional QE

!!! Fed stated they would only do additional stimulation if the economy began to get worse.... today they sayed they could potentially do another quantitative easing program!!! Does this mean economy has worsen and we will see it in 4th quarter... and not this quarter
Will this news push market lower and on wednesday is next euro meeting and they even say dont expect anything big but yet the market pushes higher !
 Remember: wweird Shit happens like this for a reason, human psychology and news creates these patterns and cycles within the market... and today we have finally broken out of this trading range. Steve Grasso a technical trader says the main level is 1257 if we close above that level the computers (High frequency Traders) will drive the market to the next moon which would be jupitar's.

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