<<Bush just said "urgent action needed",,,>>
Cut the rates tomorrow AG after the close and give Bush what he wants and cut htem by .5% with rising confidence and further rate cuts if FED will ever cut they should now or let the economy takes its course, but what a difference 4 trading sessions make Fred,,# from 9108 to 9900 who would have believed that last thursday close, except @ 'idea' no one had the inkling that FED and BOJ will trap the hedge Funds but unfortunatley it is going to be a quite story.. but they caught them hard now, I don't think FED should let them go, these future base selling is crule if you are weak but super crule when it moves the other way as the pain grows exponentially, we bulls cry on our valuations but stay long as we have used the cash to buy our shares but these futures things once they move 80 points from the lows which were suppose to break the chances that we need to cover increase, right now give me 1187 I will give you 1228 in no time, the kind of stops that will trigger between 1187-95 will make even mountains cry, but lets wait and increase our stops to 1155 from 1142.. |
