Posted by: eminitrader March 16, 2007
Making Money with Eminitrader
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Weekly Update: This market cannot decide where it wants to go. The lows are being bought and the highs are being sold. On March 14th, there was a decent rally from the low led by Nasdaq but the last two days nasdaq seemed to lag. It is not really promising for the bulls. I think we are going to see more of the same next week too. The Fed is meeting next week and that could provide some direction. Inflation numbers were out this week and by looking at those numbers, I don't think the Fed is going to cut interest rate any time soon. I think one major sell-off is necessary. Currently the S&P is at 1386, I'd like it to go down to 1320 so that I can load up on cheap.
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