THE NEW JAYWIZ 2023

THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023

Saturday, October 27, 2007

Next Week Fed rate cut

Yes, the FOMC is Tuesday and at 2:15pm, they will most likely cut the rates by another .25pt
It is already factored in by 100%, so NO surprise is expected this time.

Energy patterns next week are in low gear on Monday and tuesday ,thus a rate cut might not inspire a rally.

Thursday had a 30 bar hit at 2pm exact- 120
friday hit 90 bars at noon exact
Monday has a 150 @ 10:30, --And 180 bar hit @ 1pm -- & 204 at 3pm
leaving Tuesday with 259 @ 1pm , whihc might be short term low just prior to the reat cut announce at 2:15pm
Best Wishes
Jay

1 comment:

Anonymous said...

Fed announcement is Wed not Tues. shesh