FOMC Takes Center Stage
Tuesday, 08. August 2006
It's pretty funny to watch the t.v. personalities and analyst talk about the chance of a rate hike and the impact on the markets. It's funny because it doesn't matter what they say. We'll all see the market react and know what the Fed action meant. Price action is all there really is in the way of market commentary. No one can know whats going to happen so just wait and see. With that being said, be sure to understand where support and resistance are and factor in FOMC volatility. I'll be sitting out until after the announcement. Have a great day......
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