“Fed Emergency Cuts Expected”
those are a couple of the headlines I have read today. So how about a look at the intraday action from September of 2001 and the Fed actions during that selloff.
These charts are not meant to be a call for direction tomorrow. They are simply historical perspective of a panic situation in the markets like we are seeing unfold. Trading tomorrow will be extremely treacherous. If you cannot be flexible in your opinions and be even quicker to cut losses you should stand aside and just watch the spectacle. I am 100% cash and will be looking for aggressive trading opportunities using leveraged index products such as QID, QLD, etc. Be careful.