time to be v cautious ahead of fed meet tonite, page-42

Evening all,

Great posts, great discussion.
My trading for the last week has been ordinary at best.
Stopped out of a few, took profit on a couple but overall result was a modest loss.
Anyway, my two cents worth is that the markets appear to want to continue to rally.
Positive FED = rally continues.
Negative FED = further stimulus = rally continues.
Over all I am still bearish on fundamentals and believe a short term correction is still on the cards
Longer term however, even in the face of poor fundamentals, I believe the markets will rally. Driven by inflation. Seems like an unstoppable force.
Just lately I have been trying to implement some longer term trades instead of just scalps. I'm starting to think this may be wiser to try on the long side.

Cheers

H