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Tuesday, April 29, 2008

start of another fall ?

Proposed action for tomorrow's trade None
Today's action None
Famex 10866
News for today : 1 : Wall Street finished little changed Monday as investors turned cautious ahead of the Federal Reserve's two-day policy meeting, which starts Tuesday. Stocks advanced for most of the session, then pulled back modestly in the final minutes of trading.
News for today : 2 : There are a lot of contradictory signals which are there. On one hand, you are now facing a serious threat of inflation while on another you are facing the impossible threat to growth. The IIP numbers are not very exciting. If there is a further increase on the repo side, it could come as a normal expectancy.
Stock Barometer 3 - volatile
Strategy for today : wait for the next high
Quote for the day : When I was young I thought that money was the most important thing in life; now that I am old I know that it is. ~Oscar Wilde

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