FOMC Oh My!

Another Federal Open Market Committe Day. Thanks for the volatility Ben et. al.
Due to the whip we had to focus on the 15,000 Tick chart. It does a good job of smoothing out the wild swings in buying and selling pressure. So all in all it was a good day for day trading.

Taking a step back and looking at the last few days, it sure looks like we've established a bottom to this pullback on this chart below. We may go down and test 1026 again but we have a 20 point cushion from where we are now. We go up. We go down. I don't care. Either way we make money.



Personally I think we need to act rather quickley because given the way things are going any number of things can happen that would make this kind of profiting difficult. The government may put restrictions on trading. The markets could collapse and bring on some other type of government intervention. Whatever. All I know is this...make what you can....make all you can. Take the cash and convert it into hard assets. Things like farm land, food supply, water supply, energy sources, income producing assets and yes precious metals.

Oh and don't forget permanent life insurance. Its such a great way to opt out of government engineered retirement scams like IRA's and 401K's. Whole life, mutually held companies have paid dividends for over 100 years regardless of the economy. Google Nelson Nash. Get with an agent and free yourself from banks and the IRS.

Look into EverBank or any other bank you can find that allows you to keep your deposits in currencies that are commodity backed. Aussey$, Canadian$, New Zealand$, and South African Rand. Hey guys are even putting some cash into Chinese Yuan. The main thing is don't get caught with all your eggs in one basket.

Having said that, don't be surprised if the USD goes on a strong rally. If you filter out all of the 'stupid news' and just read the USD charts you may see a rally coming.

Government Warning: As always, this information is for educational purposes only. You can lose alot of money daytrading and investing. So always consult your own financial advisor before making any decisions.