Trade Update before announcement.
Lots of sellers right where I sold my first tranche has kept me from getting a fill just below 2950 option barrier before announcement. I will keep that order in place and may get a fill on the announcement.
I also had an order higher against resistance that I just canceled... given where we are starting from, for that order to fill would be indicative of more easing than I want to see, as we are stating sub 2900.
Any mention of MBS buying and I dump as that will be one version of the QE3 scenario I don't want to see... anything of massive QE3 warrants a dump.
Anything else, I have my trade plan and will just let it work out as planned.