1/2 a point cut gives us a cheaper money and inversly more expensive goods. Gold at $950 a real possibility. Oil, oh no. US Gov't increasing us stock piles of oil every day. They are buying, do you think this is the high.....not even close.
We shall see. I expect a move up tonight hitting resistance and then an open gap through mid am trading.
We are headed for a correction soon. Watch out below.
Rebel Trader.
Thursday, January 17, 2008
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