Trader and core positions are still in cash.
Tomorrow is the Federal Reserve meetings announcement and Dr. Greenspan's swan song. Many expect another 25 basis point rate increase. We don't usually like to be in a position during this atmosphere.
We are still in a 100% cash position in our core investment position and swing trading since the opening this morning.
We are content to let the indexes clarify the next significant move.
We will update if anything changes.
Good Trading and God bless
W. B. Busin
Monday, January 30, 2006
Market Timing Update 01/30/2006
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