Re: Dow Theory Confirmed SELL signal today
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awesome theory when you know to sell when everything is just begining to look cheap. All im gonna say is I wish bought more sp puts back in october. I sold them though and am gonna rebuy before the next fed meeting as I really feel they will not cut rates. When that happens get ready for 300 pt drop. Ill either do it the day before the meeting or into the next rally.
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The Fed has to cut rates or hundreds of banks will be on the verge of bankruptcy. That is why futures trading is giving it a 92% probability.
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