
Originally Posted by
RageWizard
You haven't been reading my stock market postings have you? I have been collecting the short positions up anticipating the after effects of the Fed meeting and earnings season. There is a reason they say "Sell in May and get the fuck away", or something like that.
For the Fed meeting, I wouldn't start shorting now, I would wait until after the meeting. Wall Street is in a bad newsis good news, and good news is great news mode right now. There will probably be a rally later today after the fed speaks. I hoping for a 400 point rally so I can come in with some heavy short plays. I'm about 35-40% in on my short action right now and if there is a huge rally, that would be the time to short. If the fed actually comes out and wall street is disappointed and no rally occurs, then the market will still subside but I won't have a artificially high starting point to start from.