Sunday, December 9, 2007

The Other Shoe

For Monday,

Everyone is waiting for the Fed Rate cut to be announced Tuesday. There is little news until then.

Friday's action points higher for Monday - I have an upside bias for Monday although I don't expect much volatility.

I think the S&P will lazily continue its walk upward until the Fed announcement Tuesday afternoon. Buy the breaks on pullback - if pullback is on lower volume -


Volume Weighted Pivot, support and resistance for Monday, Dec 9th 2007: