PRE FED ANTICS

I expect sideways to upward bias heading into FED announcement, this tends to be the pattern. Watch Transports for POST buyout action.

After the promised headfake or 2 or 3 after 2:15. the market will usually go strong in its final direction. MY additional observation over the years, is whichever that is, the NEXT day "usually" reverses trend, so keep record of that.

I notice as JAPAN'S market slowly fades into the RED sunset, China's seems to be perking up.

Large issuance of treasuries this week, a pattern of rising $ into these auctions has held, will the $ take ANOTHER LEG LOWER after auction? (support a stock rally?)

GOLD IS UP OVERNIGHT TO $1,091 !!!!! gold shares now at new highs, NAT GAS under $5

ADP employment report this AM "may" be mkt moving.

SIMPLE ENOUGH, IF VIX is still correcting, mkt will move up, if VIX finds its legs, when it does and procedes higher (recent highs near 31 A HUGE SPIKE from low 20's) STOCKS WILL FALTER.

I am on sidelines until after FED meeting. GL

Duratek