Red'Forget the stocastic. This is a classic case of mob...

Red'

Forget the stocastic. This is a classic case of mob hysteria. It reminds me of a small child when denied icecream in its sweets, throws the plate on the floor. Only to want it back when it realises what it has done. The truth of the matter is that, while they might be disappointed at only a .25 basis point cut, it is good for the market. Tomorrow, the smarties (ie the Buffetesque bargin hunters) will be back and we could well be back to where we were yesterday. Those with testicles of titanium will have a field day. There are a coulple on this thread (The Prophet and JamesDoran88 come to mind)who are prepared to ride the wave and, I suspect, will make money as a result.

By the way, My theory books on TA tell me that the stocastic and relative strength indicators are not as reliable as others in a market as choppy as this, and that you are better to look at a longer term marker such as a 50 or a 100 day MA. Just a thought

JWM