trent wagner he's executive director of the fox group. w you're expecting not the santa rally but maybe a correction of sorts in the 50 day moving average. >>i do think that we are a little bit overdue for at least a test of the 50 day moving average. the s&p hasn't been there since early october. last week we saw the market selloff a little bit and i think that's in expectation of an announcement to taper sooner rather than later. i don't think we're gonna see a huge correction in the equity markets. if they do announce a taper later this month, but we would expect about another 10-15 points to the downside before it decides what to do next. >>if it decides anything. they're gonna be meeting tomorrow and wednesday. the possibility exists that nothing could happen. >>you're absolutely right. like i said, even if something does happen with the taper this month i'm not expecting a huge move down. in fact i think i would use that as an opportunity to get long if we get a little move down. if they announce they're gonna put it off until later