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Turning points


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#1 relax

relax

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Posted 18 May 2007 - 02:31 PM

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