busy day for me, taking profits on my shorts futures on SPX, Gold, Silver. Looking for a surprise rebound in SPX today. Trigger not sure.
Expect the current leg down for EURO, GBP to bottom. While GBP went lower than 1.9450 to 1.9340. to challenge 1.9217.
Futher Euro weakness to come after rebound to challenge 1.4312
If you agree with my forecast, click on any of the Google links here. Thanx,
Wow !!! even the FED is panic, it cuts 75bp through a phone conference of the FOMC.
When FED is panic, the printing presses is now turned on 25 hours a day.
Next Rabbit in the Hat:
Ben Bernanke is going to commandeer Helicopters from the Air Force and Coast Guards and Police to airdrop Monies for those who need it !!!!
Mostly in 1 and 2 dollars notes.
Even if it was only a slowdown, FED has made everyone believe it is a RECESSION already.
What wold happen on 31 Jan ? another 75bp cut ? 2.75% ?
Significant moment, first time USD interate rate at 3.5% lower than Euro 4%.
Interesting Gold reached a low of 850 and bounced almost 3 hours before the annoucment.
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