Monday, September 24, 2007 12:27:46 AM
Price action 2007 rate cut on 9/18/2007 will likely reflect "1998 rate cut scenario" after the rate cut on 10/15/1998 as the market continued traded up.
I commented on 1997-1998 scenario since 8/16/2007 Climactic reversal as alerted that VIX traded to 1997 level suggesting that we will likely see 1997 scenario.
As noted earlier, my view is not just based on the VIX level, but also based on the other market analysis which I have noted such as LT view, Breadth analysis and market sentimet.
Based on the further analysis, it suggests that we will likely see "1998 Scenaro" after the Fed rate cut.
As noted earlier, price action during the next week will be pivotal.
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=22365390
I commented on 1997-1998 scenario since 8/16/2007 Climactic reversal as alerted that VIX traded to 1997 level suggesting that we will likely see 1997 scenario.
As noted earlier, my view is not just based on the VIX level, but also based on the other market analysis which I have noted such as LT view, Breadth analysis and market sentimet.
Based on the further analysis, it suggests that we will likely see "1998 Scenaro" after the Fed rate cut.
As noted earlier, price action during the next week will be pivotal.
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=22365390
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