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Will The FED Lower Rates Further?

January 29, 2008 – 3:54 pm My ES SWING Chart above... PRICE on the charts are poise for either direction. If the FED does lower rates, then we would probably see a spike in PRICE, pushing through PRIME Resistance, and giving us Leg 3 of Bear Break. However, if the FED leave rates unchanged, then a plunge in PRICE, breaking through last PRIME Support, would invalidate the 2 Legs formed so far. What is your take?