As this is a most important day to watch, here is what the Intraday Times and Cycles suggests.
Intraday 5 min CIT (Change in Trend, High or Low) Times 11/03/10: 9.40, 10.00, 11.35, 1.35, 3.15 pm Eastern
Intraday Cycle: 10.20L, 11.40H, 12.30L, 2.00H, 3.10L Eastern
The general bias is choppy to down to a 3.15 CIT LOD (Low of the Day)
Fed's decision is at 2.15 pm. Today's intraday Cycle suggest we sell-off into 3.15 Low of the day.
Pure Speculation of course.
1 comment:
The Low of the day arrived 40 minutes earlier at 2.35 pm than the expected Low
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