Hey Hobstas

Well well the Fed is said and done for now.  And allot of folks were short going in and expecting a bigger drop, but as I said "this is sell
rumor buy the news and I said on Monday that we have some more upside yet to go.

 We might see a bit more retracement but think next week is up into OPX.  So we see some more upside, do I like it, doesn't matter to me I trade what i have not what I want...and not what I think it should be and that's when you can make magic money gang. Turn on the emotion ie" "Well this economy is so BAD that  the markets will/must sell off!" Doesn't work that way ever!

I mentioned into the FED meeting that if we were down into it, most likely short covering and remember we had a higher low today. The dailies on the SPX overbought, but as we learned in 2009, overbought can last a long time with a manipulated market :)

I listen to the pits all day and really see the game into how it's played and there thinking, I always think like a market maker , no matter how wrong it feels, it usually works out !!

Now historically day after FED is a big downer (Ben's a downer what do you expect?) and today will be no different.  I have positioned myself with SPY puts but feel  that 1092 will be an important support level. Break that and I will reacess my outlook, but as of now I still feel we have another high to come yet around 1130 maybe 1150 as I have been saying all along, then into the  fourth quarter some real nasty selling. 

Trade well today my friends and always take profits when you can :) 

love Anna