break below SPY 144.6 will unleash something that will not stop till the last tick at 4:00 ET
could be a big reversal day...
Started by
A-ha
, Feb 02 2007 10:29 AM
12 replies to this topic
#11
Posted 02 February 2007 - 02:53 PM
#12
Posted 02 February 2007 - 03:00 PM
If that rally in the 30 yr bond materializes, look out below for both the USD and the equities, eventually the bonds will sell off, but probably not before a month. By the time everything is said and done, I suspect the market will deliver an either inverted or flat yield curve for the Fed by the March meeting, so this gives plenty of time for the decline...
- kisa
#13
Posted 02 February 2007 - 03:03 PM
$SPX hasn't closed below the 10:45 AM prices (Rydex AM closing time) in I can't tell you how long. If it does, that would be a correction by today's standards.