Today's Market Highlights:
Exception 1 - Today is a Fed day when FOMC will release a new report about price stability and economic conditions. We have had 106 such meeting since 1997. Historically about 60% of the time rates remained unchanged. About 23% of times rates were increased and about 17% of the time rates were lowered. Generally speaking, on such days the market is indecisive with low volume before the release of the report. After the report is released, the market picks on volume and reacts to the report. I will do a more detail research on impact of Fed days on market for next Fed day which is on November 2 and 3, 2010.
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Exit your positions before any scheduled major news because such news take command of the market and cancel the effect of any probability calculations based on yesterdays price actions. All zones are exclusive. Always check for latest update before opening.
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This forecast is based on analysis of data tables prepared by computer simulation and modeling every night based on more than 12 year of data.
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