Don't Forget the F_E_D Knee Jerk Reaction

The minutes from the last F_O_M_C meeting are due out at 2 p.m., as I ALWAYS warn, "Beware the knee-jerk reaction". The last knee jerk to the upside has been completely retraced, sometimes in hours, sometimes days/week or so, but the initial move is almost always the wrong move.

I'll try to get an update for the market out before then, I do see improving signs for the market and our larger base theory, it's a probability that we bounce, now we are just looking for the high probability, dependable and low risk trade.