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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (8706)1/22/2008 10:12:54 AM
From: Hawkmoon  Read Replies (2) of 33421
 
John.. you might be right.. Have yet to look at how the USD is doing in the face of a 3/4% rate cut, but it would seem like the damage to overseas banks has sent a shutter throughout the global financial system..

But we're due for a rally at these oversold conditions..

And looking at the QID, it's potentially at a short term resistance level and it's stochastics are about to roll over on the weekly.. Where it will go after it consolidates is anyone's guess..

But one thing's for sure.. the Fed has basically told the US bond market that there's more profit to be made as rates go down..

Hawk
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