DislikedThis is my scenario ... Mr B. will not cut rates due to the high oil price, the still elevated core PPI and CPI figures which all keep inflation be the primary concern. And there is the fact that equities are not doing too bad even without the rate cut ;-) .. they are far from getting hammered on the whole... he will wait for more data and maybe offer an action through the discount window and repeat his "we will do what's necessary and when it's necessary."
In my view the big fish are going to shake everyone (including me) out of the market by false-breaking our 231.70 resistance - and then reversing sharply towards the lows again. I would love to see a sharp drop ...
Ignored
![](https://resources.faireconomy.media/images/logos/logo-print-ff.png)
- Post #28,682
- Quote
- Sep 18, 2007 1:51pm Sep 18, 2007 1:51pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- Post #28,683
- Quote
- Sep 18, 2007 1:52pm Sep 18, 2007 1:52pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- Post #28,684
- Quote
- Sep 18, 2007 1:52pm Sep 18, 2007 1:52pm
- Joined Nov 2006 | Status: Member | 3,112 Posts
- Post #28,685
- Quote
- Sep 18, 2007 1:53pm Sep 18, 2007 1:53pm
- | Joined Aug 2007 | Status: One Happy Turkish Trader | 489 Posts
give me my pips back...
- Post #28,692
- Quote
- Sep 18, 2007 2:03pm Sep 18, 2007 2:03pm
- | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
- Post #28,693
- Quote
- Sep 18, 2007 2:04pm Sep 18, 2007 2:04pm
- Joined Mar 2007 | Status: Pip pip | 2,692 Posts
- Post #28,694
- Quote
- Sep 18, 2007 2:05pm Sep 18, 2007 2:05pm
- Joined Jul 2007 | Status: Following The Trade Winds | 8,431 Posts
- Post #28,695
- Quote
- Sep 18, 2007 2:06pm Sep 18, 2007 2:06pm
- | Commercial Member | Joined May 2007 | 1,464 Posts
- Post #28,696
- Quote
- Sep 18, 2007 2:06pm Sep 18, 2007 2:06pm
- Joined Nov 2006 | Status: Member | 3,112 Posts
- Post #28,698
- Quote
- Sep 18, 2007 2:17pm Sep 18, 2007 2:17pm
- | Joined Apr 2007 | Status: Member | 886 Posts
- Post #28,699
- Quote
- Sep 18, 2007 2:18pm Sep 18, 2007 2:18pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- Post #28,700
- Quote
- Sep 18, 2007 2:19pm Sep 18, 2007 2:19pm
- Joined Nov 2006 | Status: Member | 3,112 Posts