crash tuesday, page-13

I thought yesterday's moves were pricing in an interest rate cut here but that over night move has throw a spanner in the works. If yesterday was indeed pricing in an interest rate cut then perhaps after a big gap down (XJO) we will stay flat until the interest rate cut and rally on the news (assuming we get the expected amount). Another scenario is we don't drop as far as the yanks in anticipation of the expected cut and move on the rate decision if it's something other than expected. Gonna be hard to trade it though.