good stuff. I'm excited for the day... but I didn't get much sleep. I'm tempted by a morning nap when I can get it. Irregular naps are the bane of my existence. I'm used to the 2pm to 4pm nap. but the other naps mess with me... Enough about the Naps....
What we have is consolidation on the S&P, which is leading up to today...
The 50 day moving average is about 148.10, which is about the close/open. And Declining
and the 200 day is about 146.2 I would expect that a .25 rate cut to bounce off the 146.2 level.
Sure the s&p may look like it's coming up... but the Russel 2k and every other indici is breaking down... this is not a good sign IMHO.
Tuesday, September 18, 2007
game on... I guess.
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