CHESSNOID

The market was both up and down today, but ended on a positive note. All 3 averages I watch were up which makes it 2 days in a row. Investors were waiting to see if the Federal Reserve were going to cut rates to help alleviate the credit crunch the housing market is experiencing. The Feds didn’t do anything with the rates and indicated that they felt this was just short term. We will probably see the market continue to be like this through out the weeks to come.