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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (78137)	12/10/2007 12:51:58 PM
From: Real Man	Respond to of 94695

Yep, I'm expecting a re-test of 1490, and a relief of overbought. The Austin Danger Powers has passed, for a couple of months anyhow, maybe we get another one in January or February. We could reach 1600-1700 by then -g- The duration of PPT rallies has suffered lately -g- That unless we get a nasty surprise from the Fed tomorrow. 25 bp. cut will be an undershoot, the market expects 50 bp. I have a feeling we may not get 50 bp. this time because of the dollar, but never underestimate the insanity of this Fed -g- The insanity because the dollar may lose 10% more in 3 months, and the T-rates may be pressured higher by the collapse of the currency.