Boring day

just kidding..

on the other hand, what are you suppose to do in a day like this other than fold your hand, let the market play out itself...

If FED want to send a message, it suceeded. it choose to annuance its action right before the option expiration day to maximun its effect, there are a lot unhappy "put" buyer for sure. and that partially explain the furious move at the beginning.

Now what? will Monday be like this ?

I am sure there will be a lot of debates during the weekend. many may realize that Fed's action today has no "real" net effect on the credit market other than sending a message that they are watching. On the other hand, is this the end of the confession of sin climaxing by Countrywide's decision to tap its credit line with banks?

I believe jury is still out.

I am suppose to vacation for the two weeks and decide to try my hand as a full time trader? what a week this was, my timing could not be better :), but, if I can handle this week, probably, I should be able to handle other week.

the biggest lesson learned for a full time trader is to be discipline and sometimes take no action, it is hardest part, you can easily caught in the moment.

Monday I will take a short trip out of down, maybe I can update my picture page in my blog :) hopefully, everything will be well...cannot wait to see