Anticipation

November 4th, 2009 Posted in Uncategorized

"We can never know about the days to come, But we think about them anyway. And I wonder if I'm really just chasing after some finer day." Carly Simon.

The anticipation of the FOMC meeting later today 1:15 CST. is getting to me what are the going to do. They cant raise interest rates. They cant. The release of ADP report did show there was a slowing of unemployment - but folks that is not good news, people are still getting laid off. Unemployment on Friday will be key, but I'm sure it will show it is slowing but show another 400k-500K. So the fact of the matter is the FOMC will leave rates unchanged. So whats the deal?

The deal is we need to watch the rhetoric and see if that's changing. The anticipation of a change is what traders will look at when they release their statement at 1:15 CST.

What would Carly Simon say? "I'm no prophet, I don't know natures way, Anticipation is keeping me waiting."
Time will tell.

BTW looks like the trend line held on the last comment. Look for yourselves. Lets see what what the FOMC says we then can react.

Give me a me call lets look at some opportunities

David Heltmach
Manduca Trading LLC