Wednesday, January 30, 2008

Will The FED Lower Rates Further?

My ES SWING Chart above...
PRICE on the charts are poise for either direction. If the FED does lower rates, then we would probably see a spike in PRICE, pushing through PRIME Resistance, and giving us Leg 3 of Bear Break. However, if the FED leave rates unchanged, then a plunge in PRICE, breaking through last PRIME Support, would invalidate the 2 Legs formed so far. What is your take?

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