Trade the Cycles

Wednesday, September 06, 2006

The Fed Isn't Spiking The Index Fund Trader Punch

The past three sessions Fed punch spiking has been modest/below average, see http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE. So, index fund buying probably won't help much today, which is another way of saying that the S & P 500 (SPX), which drives index fund trading, isn't likely to rebound much today and may continue to decline.

The brutal decline I've been expecting for HUI/NEM/XAU may have begun. Really most sector indexes are likely to be very weak the next few weeks due to likely SPX weakness, which drives computerized index fund trading. ....... http://www.JoeFRocks.com/