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You
Are you cheering it on so it reaches your target and then you expect it to turn down from there???
TIA
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blasher
Thx for the info.
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You
Almost 3 to 1 Decl vs Adv volume on the DJT today.
http://www.marketvolume.com/quotes/index.asp?s=DJT
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Consumer Credit - 10/7/09
Prior Concensus Concensus Range Actual
M/M change $-21.6 B $-8.5 B $-20.0 B to $-5.0 B $-12.0 B
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NM
What do you think will be the catalyst for your sell off scenario? Will it be consumer credit today, or jobless claims 8:30 tomorrow?
TIA
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Two
All depends how it is perceived. The sudden influx of $$$ from Cash for Clunkers could be read as a one time shot in the arm or spun to read that the economy is healing.
Ive been looking at a 60 min triangle on the Q's that is going to break one way of another, right about at 3:00 if they keep it range bound like this. How convenient lol. Ive heard that the #'s are going to be bad and things will fall apart but after what we have been seeing in 09 Im not so sure. I might open a straddle FWIW. Good luck.
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Two
Consumer credit at 3PM
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This is Sick!!!
I heard about this from a Citi employee two years ago.
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Banks Running Wild: The Subversion of Insurance by “Life Settlements” and Credit Default Swaps
October, 2009
Oblivious to any lessons that might have been learned from the global financial mess it has created, Wall Street is looking for the next asset bubble. Perhaps in the market for death it has found a replacement for the collapsed markets in subprime mortgage–backed securities and credit default swaps (CDSs). Instead of making bets on the “death” of securities, this new product will allow investors to gamble on the death of human beings by purchasing “life settlements”—life insurance policies that the ill and elderly sell for cash. These policies will then be packaged together as bonds—securitized—and resold to investors, who will receive payouts when the people with the insurance die. In effect, just as the sale of a CDS creates a vested interest in financial calamity, here the act of securitizing life insurance policies creates huge financial incentives in favor of personal calamity. The authors of this Policy Note argue that this is a subversion—or an inversion—of insurance, and it raises important public policy issues: Should we allow the marketing of an instrument in which holders have a financial stake in death? More generally, should we allow the “innovation” of products that condone speculation under the guise of providing insurance?
http://www.levy.org/vdoc.aspx?docid=1200
Hiker
Thanks for the info about Tim Knight, I never followed Prophet. I use and have used a very simple system for many years, SMA's and congestion / volume areas as I stated back in July to a post to Gleno, MSG# 85407 I undershot that one by almost $1.
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Poker
"Scared of Congress. Watch Nancy Pelosi tonight if you are not. She scares me a lot. She even scares Democrats"
And she even scares herself when she dares to look in the mirror!!!
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2bit
"if they are not making money the last three days, there is really something wrong with their systems"A
AHHHH and there in lies the problem. Their systems are working just fine, they make money no matter what, even if the subscribers are loosing theirs.
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Poker
Its sad that both were able to achieve these positions in the first place. What a scam.
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spdpro
40.38 here we come. Question is, will it bounce???
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2bits
Good observation. Take a look at this chart, first time since the rise in March have the big boys started selling.
(Copied from PS board)
http://www.businessinsider.com/chart-of-the-day-long-term-mutual-fund-flows-into-us-domestic-equities-2009-9
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Foot
Did you have to post that pic??? I just lost my breakfast!
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boutonj68
here ya go
Release Date: August 12, 2009
For immediate release
Information received since the Federal Open Market Committee met in June suggests that economic activity is leveling out. Conditions in financial markets have improved further in recent weeks. Household spending has continued to show signs of stabilizing but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit. Businesses are still cutting back on fixed investment and staffing but are making progress in bringing inventory stocks into better alignment with sales. Although economic activity is likely to remain weak for a time, the Committee continues to anticipate that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a gradual resumption of sustainable economic growth in a context of price stability.
The prices of energy and other commodities have risen of late. However, substantial resource slack is likely to dampen cost pressures, and the Committee expects that inflation will remain subdued for some time.
In these circumstances, the Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability. The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period. As previously announced, to provide support to mortgage lending and housing markets and to improve overall conditions in private credit markets, the Federal Reserve will purchase a total of up to $1.25 trillion of agency mortgage-backed securities and up to $200 billion of agency debt by the end of the year. In addition, the Federal Reserve is in the process of buying $300 billion of Treasury securities. To promote a smooth transition in markets as these purchases of Treasury securities are completed, the Committee has decided to gradually slow the pace of these transactions and anticipates that the full amount will be purchased by the end of October. The Committee will continue to evaluate the timing and overall amounts of its purchases of securities in light of the evolving economic outlook and conditions in financial markets. The Federal Reserve is monitoring the size and composition of its balance sheet and will make adjustments to its credit and liquidity programs as warranted.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans; Donald L. Kohn; Jeffrey M. Lacker; Dennis P. Lockhart; Daniel K. Tarullo; Kevin M. Warsh; and Janet L. Yellen.
http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
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Rab
The Adv/ Decl indicator that I watch has hit its lowest reading in 3 months this AM and now is hitting its head (rez???) on the previous low. Might be the start of something here, but I still want to see how the Q's act at or around 38.46 (7 SMA) on the weekly.
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2bit
"In any case, the market was consolidating to go higher with or without program trading"
Yes it was, the last three days had higher lows within a some what narrow range. We might see a pop in the AM but I think we need to correct some for this market to make its eventual way to 1200 SPX.
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Michael
The world is flat, PERIOD!!!
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Micahel
Why would you think that their followers would act any different than how the administration acts??? Ignore what strays from their own views and attack anything that might benefit any other view.
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2bit
Sure looks like it wants 1005.
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Two
Did he remind you of this guy????
Dan
We could just go up here but I do believe we are in for a pullback first. Thanks.
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Dan
Long or Short????
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Two
If we move up from here it will be three days in a row at the same time. Is it that easy???
HLNS
Little pop after 1pm, I guess the auction went off???
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Gleno
Yes just plain in your face, this is how it is and how its gonna be so take it or leave it.
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Where do I apply???? I want to be a Czar too!
http://en.wikipedia.org/wiki/List_of_U.S._executive_branch_%27czars%27
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Foot
Its just not right.
Foot
Looking at the daily on the Q's since mar9, I noticed that today's MACD is at the highest its been throughout this move up. Topping????
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Way Way OT
The new way to make a booty call is by text naturally.
Hey baby, wanna come over to myspace so u can twitter my yahoo till I google all over ur facebook?
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omandan
thats usually because fear is a much stronger emotion than hope.
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Fox
Hedging positions ???
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Gleno
Im looking at between 41.05 (Wk of Mar 17 2008) & 42.24 (Wk of Mar 5 2007) as possible congestion R areas where this might stall, not seeing anything else above to stop this crazy train.
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2bit
Gurus only cloud ones thinking. Your first read of a market advance before the tape was painted to show the H&S pattern was right on. If you are trading within your own set of rules you never need anyone to tell you where to go, there are just too many people willing to tell you where to go for free ;)
Profitable trading to you my friend
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Israel on the move!
http://www.foxnews.com/story/0,2933,532963,00.html
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Fox
watching the XII I don't feel that you will be too far off with that +220pts on the Dow
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Here ya go Foot.
Lets spell it out for the uninformed.
http://online.wsj.com/article/SB124753106668435899.html
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blasher
That reads like an old 60's scifi flick, scary times are these.
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Gleno
Like I posted earlier, either the Bradley July 15 date has arrived already (+ or - 3 days) or Wed will be the start of a BIG FALL!!! Time will tell and glad your posting again.
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