Fool me once shame on me, fool me twice Hmmm.... but you ain't gonna fool me for the 3rd time.
I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around
Pick up my guitar and play
Just like yesterday
Then I'll get on my knees and pray
We don't get fooled again
Don't get fooled again
No, no!
2 p.m.:
“The market sees no chance of a rate hike and just a 2% [or 4%] chance of a rate cut. Traders will be parsing the statement for clues as to how the recent turmoil in markets may affect the path of presumed Fed rate hikes. Since this is an "off-cycle" meeting, there won't be an accompanying news conference or an update of economic projections.”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Other than intraday trade, here is my fib number that will mean most to me at this stage. The blue fib is last leg low, the green is new reversal rebound measure.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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NO HIKE
*FED REPEATS ECONOMY EXPECTED TO WARRANT ONLY GRADUAL RATE RISES
*FED ASSESSING GLOBAL DEVELOPMENTS FOR ITS BALANCE-OF-RISK VIEW
*FED CLOSELY MONITORING GLOBAL ECONOMIC, FINANCIAL DEVELOPMENTS
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.