Important News- Dow rally will yield, ending at 10060-10123+

Hello all.
I have been busy doing some research and testing out some theories that I would like to share with all of you. This is depedent on various factors occuring today. First of all European Centrel BANKS are moving into cutting rates. As symbolized by the 1 percent rate cut that occured within the ASX by the Australian CENT BANK, we see possibilites where the rest of Europe will follow suit.

In Sweden, also the leadership of the European Union are meeting to see if anything can be done for a unified effort to cut rates. The Germans have earlier, however, already expressed an opinion about not trying to assist the rest of the EU member states.

The FED with the US Treasury may take action today, buy purchasing massive amounts of commercial paper, then at the same time directly intervening by injecting money to individual companies as needed, the market may see be able to put to a halt any further credit shrinking. My number for the DOW is based on how the markets have passed overseas as well as other varying political factors.

All eyes will be glued to the screens to see what Ben Bernanke will do today, as well to see if the US Tres will start to use some of its buying power. My prediction is that the FED should cut interest a full basis point some time this week, if not today. Then with Ben working with Hank Paulson, Hank does a two tieered attack with buying of commerical paper and perhaps even direct lending to companies.

However, we still have to deal with the Europeans which may not actually be able to form a cohesive enough movement to keep to coordinate similar efforts on our side. Also, with BOA announcing there 68 percent losses a couple of weeks ahead of time, we are now seeing the possibility, that even with my quoteed closing number, we are still faced with a last minute reduction by .28 percent. But, to be safe, 10069.4 could be be the worst we can end at and the best would be at 10123 to 10163.

One thing to note, subscribe to my Twitter, I do some microblogging there for up to date information. Look for thegreatspace.