Dow 13000 is the FED support line

Discussion in 'Trading' started by Digs, Dec 19, 2007.

  1. Digs


    Each time the INDU gets down to 13000 we have had FED inject market juice.

    Late Aug - 0.50 FED funds rate cut
    Mid Nov - Kohen market friendly speech
    Mid Dec - ECB $400 BN Euro funds injection/FED to a lessor degree.

    So BUY stocks at 13000 and dont fight the FED, sell STOCKS 13750 and higher.

    Unless INDU crashes thru 13000... ???
  2. asap


    there's always an unless isn't???:eek: