Rates cut goodies.

The threat facing the economy from a severe credit squeeze that began with a wave of defaults on subprime mortgages last year but has now spread to other parts of the credit markets, triggering multibillion-dollar losses by some of the country's largest financial institutions resulting in the Fed having to undertake immediate remedial actions.

Wednesday is another round of FOMC rates cutting exercise.The market is now pricing in a 100 percent chance that the Fed will lower its target for the federal-funds rate by a whole percentage point -- to 2 percent from 3 percent -- with an outside chance that it will lower rates by one-and-a-quarter percentage points, according to fed-funds futures. The Fed's decision is expected to be announced at 2:15 ET today.

The world's financial markets are waiting in anticipation.

Tracking the Dow on Monday,17/03/08

The bears growled ferociously at the onslaught of the opening bell rampaging the wall to debris.The bear's support line has been penetrated!It's a doomsday at wall street.J.P.Morgan the saviour managed to talk the bear in giving out its resistance and provide reconciliation.

As the tone died down,the bulls are back again getting ready for a fiesta.

The indices on Monday have a big swing with tumultous tug-of-war between the bulls and the bears.It's a powerful spinning bottom with the drama ended above the bullish main pivot.Tuesday's white long candlestick was not being covered completely so the power of the bears have been exhausted.The scenerio of the whole week was an aerial dogfight just like in the movie--TopGun(Music Video)