Fed Makes History - Big Bang sticks?

Fed Makes History: There is actually no precedence in the past 20 years of the Fed cutting by 75 basis points in a single meeting.


The Fed cut .75 points which save the market today turning a crash day into a big bang day.

Intraday range of the big bang day:

DOW 457.90 3.83%
SPX 48.80 3.65%
Nasdaq 97.40 4.25%

Bernanke managed the potential crash day into the "soft landing" day. As noted before, based on my market analysis, markets have complete control of all bubbles and crashes in the past.

As of today, SPX 1275 correction target is met and I am seeing major support actions by the Fed and the Gov. I think that the market will trade up for the next few months at the IT supports. However, market reaction to AAPL earning report was negative in AH, nevertheless market reacted positive to TXN. Therefore, I need to see a confirmation of the reversal.


Previous Market Analysis targeting SPX 1275 +/-

http://www.trend-signals.com/Comments/analysis/SPXLTCycle.htm


http://investorshub.advfn.com/boards/read_msg.asp?message_id=25256353

Huge and beautiful runs since 2006 bottoms. Markets consolidated during 2007.

$TRAN, $BKX, and $SOX were leading.

Ideal market correction:
Qs 47.50/41
TRAN 4110
DOW 11300
SPX 1275
NAS 2200