This coil will get unwound after Tuesday's meeting. The question is which way?

i just hit the geometry and hoped for best

And I'd say you did quite well.

So, about 20 minutes to what may be the biggest announcement in the history of humankind. The true beginning of the end of everything we know as middle-class Americans (well, the beginning was actually quite awhile ago, but the beginning of say the acceleration phase into the brick wall). I am of the firm belief that today will be the apex of the most significant event in recorded human history. Even if it comes and goes with little fanfare.

So, up perhaps 30 points in a flash, or a sell the news event? Given they brought it down a little, it is primed for a big move up. We'll see.

C'mon, give me the mother of all sell the news events...

Originally posted by jimkane

... it is primed for a big move up. We'll see...

Some downside still left:

Holy crap, look at that bar!

Good to see you back Roofer!

The DX just swung over 200 pips in a flash.

So, the FED hit middle of the road, about what was expected. I'd have to think the market would be disappointed.

Straight up now. Can it handle a new high, or will this upper area turn it down for the start of a sell the news?

And the bulls win once again. They will win until the total collapse of the known financial system, in my opinion. Look at commodities. How huge increases in food, pump gas, building materials, etc. will help this recovery I just can't fathom. I think crude will take out the $147 high soon. I use the term 'soon' here in a relative way. Go back to the trend into $147, put that slope on it from here, and estimate the time. I think it will happen faster, but my conservative estimate is about that. But, this time $147 won't slow it down, in my opinion. Bern-quacke is getting exactly what he wants. Heads we lose, tails we die...