AI
Sunday, January 13, 2008 9:15:58 AM
My bias (today) is:
favouring a close around 46.88, I´d expect we´ll finish the OE period in the range 47.31 and 46.67. Now, is that realistic ? well a few times since 2003 had the Q a percentage movemement as big as we have for this period 11.9%, hence my expectation of not closing lower than 46.67 until next friday. Then again that´s only probability, if we did close below that someday next week, then a new low target of 45.37 (S10) would be expected. The weekly % movement also would point to a revisit of 46.46. so let´s be careful and that is why is a must to have up and down plans ready to be executed.
Wouldn´t be Machiavellian that the week is strongly bearish to force the FED a rate cut ?
Good trades
favouring a close around 46.88, I´d expect we´ll finish the OE period in the range 47.31 and 46.67. Now, is that realistic ? well a few times since 2003 had the Q a percentage movemement as big as we have for this period 11.9%, hence my expectation of not closing lower than 46.67 until next friday. Then again that´s only probability, if we did close below that someday next week, then a new low target of 45.37 (S10) would be expected. The weekly % movement also would point to a revisit of 46.46. so let´s be careful and that is why is a must to have up and down plans ready to be executed.
Wouldn´t be Machiavellian that the week is strongly bearish to force the FED a rate cut ?
Good trades
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