Tuesday, March 18, 2008

DOW PLAYS CHICKEN WITH THE FED...

WE KNOW ONE THING...THIS UNNATURAL "STRAIGHT LINE" CHART WILL END UPON THE RELEASE OF THE FED RATE CUT... IT ALWAYS DOES...

THE QUESTION IS UP OR DOWN...

SINCE IT'S BEEN UP ALL DAY...I WOULD SUPPOSE DOWN WOULD BE THE BETTER BET...

AND IF THE CUT IS "ONLY" 75 BP...LOOK FOR A HUGE DROP OF AT LEAST 300 POINTS...