Once again CPI and PPI date proved to be a turning point for the market
Simply draw a vertical line on your chart on CPI and PPI dates since may 2006
Next CPI and PPI date is june 14 and 15 - these will be new turning points
It has been a simply strategy since may 2006 - if these dates provide a positive reaction you can be sure of a positive trend until the next figure
Negative reaction from CPI and PPI and the trend has been down until next CPI/PPI date
So what is going to happen before june 14 and 15 - before that we have a GDP figure, which will show groth of 1.0-1.1, which means that if core CPI and PPI are low, then Fed do not have any arguments to not lower rates
For other reasons we know the Fed does not want lower rates, so maybe june 14 and 15 will provide too high figures and turn the trend
we will see
Sorry about all this fundamental crap, but this has been a simply and very successful strategy
CPI and PPI for direction
And technicals for size of the direction
Turning points
Started by
relax
, May 18 2007 02:31 PM
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