I am of the opinion that due to the announcement from the Fed...

I am of the opinion that due to the announcement from the Fed this morning and the following sell off - we have reach the bottom of the dump for this period of time.

The market has all the possible available information it can get until Feb inflation reading and then the March FOMC minutes. I think there's a strong chance we will hover around these values now before the market re-positions itself prior to the March minutes.

If we break the horizontal channel or break out of the downtrend I will consider that an opportunity to sell and then take my 30% cash position which i missed. I think it better than breaking my piggy bank for more margin.

The market can obviously only either go up or down come March. If this happens, i can put my cash back in the market on the way up, or hold it and wait for the next PE adjustment on the way down.

Again, the key points are

1. will interest rate lift of be 0.25% or 0.5%?
2. how quickly will the Fed be dumping the balance sheet.

This information will come to light in March. Till then, a little sideways movement is expected.

TTT