FED NOT DONE AGAIN

For those waiting to fade the initial drop lower, well we are still waiting for the turnaround and it doesn't look like its coming today. The SMH is leading us lower down 50 cents or 1.5%. The internals have flipped to 1,500 to the red. Thank goodness my guy Jim Cramer has the answer. This is his latest well thought out non spur of the moment trading idea at 2:29 PM eastern time:

"It's a buying opportunity, but you have to wait until Wednesday to make your move, just in case we get leaks from this Fed that we didn't get under Alan Greenspan. Watch and wait. Until tomorrow. "

Simple don't buy today buy tomorrow. Boy this stuff is easy.