Alternative Path

[gdl]

Interesting times. If the street still clings to a pivot or speech on Wednesday that deviated from his last few we will indeed hold up. I suspect, no know that he has no choice but to pound home the same remarks he made before. THIS TIME the street will ignore his 50 basis point move and concentrate on his talk on future inflation. Since we already got confirmation that inflation is spiking higher once again I guess they need to hear it from the FED what we already know. INFALTION IS PERSISTENT. AND LONGER THAN ANTICIPATED.

PRETTY SURE WE GAP DOWN TO 3750 SOON. if that holds it would do so, once again, at levels that suggest we have not finished this wave down. Minimum 3200.