I have nothing to say, but I'll kick off the week's thread

I hope it won't change polarization until touched

I'm looking around 65.00-66.75 next, give or take. The timing factor is around the end of our RTH or a bit after that. The announcement and 'press conference' should give it the juice, I'd think. That would, of course, be a new 'bulls#%&' market high. I doubt they'll play the 'We're going to reduce QE before we said' card, but if they do (since my view is QE will literally never end, and will increase), then they want to drop it a bit (for whatever reasons), and will later say they won't be doing that after all. Just my two cents, and probably worth that at most. We shall see.

So hard to get long up here after a 20+ point move, although it has a 'W2' to balance it a bit. And against this large, awesome looking bearish 'W2'. But, I still imagine they would want 'up'. You never know. I'll be looking for something to set up. Maybe a shake down, then up?

I did expect a bigger initial swing than a 2.50 point range. But, as they repeat on the idiot box, most news reading algos shut off for the announcement because the headlines are too complex to interpret, compared to the usual simple snippets.

Probably the best bet is to just position now for the move to my area. (This is not a recommendation, I do none of those in here, just a statement of my view for me, my opinion of what I probably should be thinking.)

But instead I'm just going to watch it and see what develops, and hopefully it will offer something. That offer may be very 'quick'.

It does look like it could come in a bit. But, I am not going to use anything like that at all, since 'they' will be trying hard to make it look the way that will suck in and fool the greatest number of people.

Yeah, just position long, and see what happens. That's my current view.

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. Boring all day, and now boring after the announcement. I hope the ChairSatan's 'press conference' gets something going. Or we might have the narrowest range day in years.

There it is! Stop run, or the start of something? The thought to look to just position long and see what happens seems to be pretty good right now. If it comes back in, so be it. I'd pretty much always take any setups that would give me this much cushion to start.

Bah-dah-dum, the Vegas rimshot drummer goes. (And yes I know it is commonly called a rimshot but technically it isn't at all...)