Saturday, October 27, 2007

Monday, October 29, 2007

As the market comments from Charlie (see below) point out, the markets are clearly expecting the Fed to cut interest rates during the FOMC meeting on Tuesday - Announcment on Wednesday. This is a text book case of "buy the rumor, sell the fact."

Consumer Confidence - Tuesday
FOMC Announcement - Wednesday
and Unemployment Friday - all this week -

Get ready - we are in for a great ride.

Support and Resistance For Monday: