Monday, March 17, 2008

Throw in the towel ??

Will the market cause teh Fed to throw in the towel next month?

Tomorrow looks like 1.00% to 2.50% tomorrow
that leaves only .50 to get to 2.00% on April29

Jaywiz index still only .22, indicates more selling or at least a weak open tomorrow.
Or they could sell off after a knee jerk UP reaction to the fed cut.

CBOE pc ratio = 1.48 and is a strong buy indicator
MCOS @ -250 should allow for a bounce for a day or 2 even without the fed cut

Oil & gold in topping phase this week as mentioned b4.

Best for now
Jay

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