Before US Fed Rate Cut Announcement!

Firstly, the DJI chart and this week S1, R1 & N lines. Tonight( Singapore Time ), Fed will make the announcement. Most people will hope for a 0.25% rate cut and stock market tomorrow will rally to new highs ( Just like what had happen 6 weeks ago ). Personally, I feel that even if Fed drop rate by 0.25%, I don't think market will rally again.
It is my wish that Fed don't make this cut as we see the effect on Crude Oil price & USD. Recently, I read an article on "Inflate or Die". In the article, it explained the problem that Fed are facing and why the choose to cut rates. But I rather the market die now then later. As the problem will get bigger and the bust will affect deeper ( more people will die or suffer ).
Let's just see what happen later....................................................................................

Outlook for 30 Oct 2007

Update on last week Chart! Can see support at S2.

This week charts and S & R lines.

Will Update Dow Jone & Fed Meeting Outlook.

Outlook for 22 Oct 2007

Sorry, I was unable to update due to Laptop breakdown. Anyway, last friday was 20year Anniversary for 1987 crash on 19 Oct aka " Black Monday". Look like we are going for down for the week ahead.