spy and rate cut

After 0.5 rate cut, the market rallied and then fell.

It's often told that, the initial response to a rate cut is real as demonstrated by a rate cut last oct, which initially down and then up that afternoon, but in the following days, marked was sold hard and lead to the bear market.

This time, the response is just opposite to last time, and we will see if the market will be up in the next few days.

Lord, is it mine?

Supertramp

I know that theres a reason why I need to be alone
I need to find a silent place that I can call my own
Is it mine, lord is it mine?

You know I get so weary from the battles in this life
And as many times it seems that you're the only hope in sight
Is it mine, oh Lord, is it mine?

When everythings dark and nothing seems right,
Theres nothing to win and theres no need to fight

I never cease to wonder at the cruelty of this land
But it seems a time of sadness is a time to understand
Is it mine, lord is it mine?

When everythings dark and nothing seems right,
You dont have to win and theres no need to fight

If only I could find a way
To feel your sweetness through the day
The love that shines around me could be mine.
So give us an answer, wont you,
We know what we have to do,
There must be a thousand voices trying to get through.

Head Shoulder Targets:

Dow 14198-12518 =>10838

Nas 2861.5-2386.7 =>1913

Spx 1576.1-1370.6 =>1175

Fb retrace Targets:

Dow 38.2% 11500, 50% 10600

Nas 38.2% 2190, 50% 2000

Spx 38.2% 1267, 50% 1170

http://www.amateur-investor.net/Weekend_Market_Analysis_Jan_26_08.htm

虞美人
听雨

【宋】蒋捷

少年听雨歌楼上。红烛昏罗帐。壮年听雨客舟中。江阔云低，断雁叫西风。
而今听雨僧庐下。鬓已星星也。悲欢离合总无情。一任阶前点滴到天明。

key support area 1360-1370

dow key support 12500

2 year bull market has been officially broken by job data today.
daily chart points to support target at ~2440, which coincides with 50% retracement of the 2 year bull, as shown on the weekly chart.