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Old 05-01-2008, 12:53 PM
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Re: Busy Day Tomorrow

We tick most of the stuff which flickers across the page Cowpip, but the market isn’t biting on that info, therefore it’s back pocket material.

Dealers are more concerned that heavy stops below 5550 in EU got snapped on the back of cushioning-non deteriorating U.S data & nervous Eurozone growth prospects (hampering ECB forward rates bias).

Fed watchers are beginning to price in higher percentage probability that they’re done easing for now.

You got to mentally filter your (psychology) priorities each trading day & shuffle the pack weighted to prime reaction material. Just think bout what primarily drives these candidates & who is taking note of the main drivers.

Interest rates (yield)…Inflation (growth)….jobs/housing/mortgage/capital inflows-outflows/export-import generation…..

They’re the primary concerns of most of the Central Bank & Treasury heads. Everything else ranks secondary.

Watch Euro for reaction then haul up Swiss alongside it for a temperature check confirmer. You can run your rule along Yen, Cad, Sterling etc for back up (v/s the Dollar).

The ancilliary stuff will only come into view once the dominant (& regular price drivers) gear begins to blur on the frame.

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