Wall street arm-twisting.

According to futures trading on the Chicago Board of Trade,investors are pricing an 80% chance Fed will cut fund rate by quarter point to 4%.Earlier his week the market was pricing in a 100% chance.

The Consumer Price Index increased 0.8%, the most since September 2005, according to the Labor Department.Wholesale prices saw their biggest jump in 34 years in November.
It was the biggest jump in that price measure since August 1973. The key driver in November -- a record 14.1 percent rise in energy prices. The previous record one-month jump in energy prices was in January 1990, on the eve of the first Gulf War.
The latest cycle of Fed rate-cutting might be cut short by inflation concerns, sending stocks to their lowest close in more than a week.
Next week brings earnings reports from a few big companies, including Goldman Sachs (GS, Fortune 500), Morgan Stanley (MS, Fortune 500), Bear Stearns (BSC, Fortune 500), FedEx (FDX, Fortune 500), Best Buy (BBY, Fortune 500) and Oracle (ORCL, Fortune 500).

Tracking Dow on 14/12/07.(Friday)
Inflation pressure-the most important economic indicator controls the day's trading sentiment.The early bears depressed the market at the opening thus providing no rooms for the bulls to manouvre.At the close was a small white spinning doji and a black hammer of a downtrend.Looks like the big boys have completed their agendas.

The Pivotal Phenomenon.
Friday is the middle of the month,the pivotal showing a matching low closing.Dow futures is also in the mid-month so is all other financial markets around the world.So what we are going to see next episode is the Dow will be playing the upper shadow of the candlestick dated the 12the Dec.just in time for the Quadraple Witching Day.
(21Dec)