22 SEP 2011, Thursday (AM)

• Wow!  Quite a downside reaction after the FOMC announcement.
• And overnight it's down big again...currently in the pre-market the futures are down at the bottom of this big range around 1130.
• The high volatility and being below the 90MA has been very useful to being sidelined.  These fast turns are getting old.  Wish the market could find some stabilization but until the it's only safe to trade it...overnight holds have not been the way to go due to the overnight gaps.