Thursday, January 31, 2008

The Fed is out of the bag, what next?

Short term overbought conditions are likely to be relieved over the coming days and futures would look to confirm this. In terms of the long term prospects for the market much will ride on the recent 'buy' triggers in the Bullish Percents. If these can be maintained while the market retreats then the foundations for a bottom of consequence will be complete.






 
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