Wednesday, January 23, 2008

Again ... MARKET REVERSAL or is it???

Fed emergency rate cut of 75 basis points yesterday and world wide tumble of markets Monday and Tuesday has played on the nerves of everyone ( and their neighbours ) involved in the markets. What a REAL LIFE ROLLER COASTER ride.

$VIX .. spiked to extreme levels even after slashing of 75 basis rates by the fed and hopefully calm waters for few days as now all eyes are focused on FED meeting Jan 29 30.

Our trades, inspite of all the storms and turmoil, are already positive or getting there.

Stay tuned please.

Regards

Harry