I imagine Fed will come out with less than the 500 billion...

I imagine Fed will come out with less than the 500 billion (initially), initially disappointing the market. But once their statement is digested (ie. the will have further rounds in the future, then should base and rally past parity).

Obviously just guessing :0)

I am closing off all positions and let the market make its mind, then trade the pull backs. Best prob to let it settle for a day or two.