Wednesday, October 29, 2008
The Rate Cut
Well it looked good for a while but the 400 point drop in the last 10 minutes of trading did not sit very well with me or anyone else I am guessing. (POT) rose about 10 bucks on the day anyways and the 1/2 point rate cut sent the US dollar down driving commodity prices upwards including Potash Corp. A pop early in tomorrows session that doesn't look to go anywhere will get me out of this position. No signals in the forex today and I didn't trade the futures because of the FOMC rate decision.
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