Simple's Green Room

[simplegreen]

GM Sid..,I certainly agree with you..cant see any logic whatsoever in that decision...I cant help but think they are gunning for "speculators" that they whine about but us little guys have no effect at all on the market for ANY instrument whether is stocks..metals...currencies..futures..you name it!The best we have ever been able to do is try to figure out where the big guns are taking them and try to make a few bucks by riding their trends.I also get sick of fed interference which is supposedly aimed at protecting us...leave me alone for gosh sakes..the game we play is one of high risk...my eyes are wide open to that.I know full well about risk/reward and I know that high risk goes hand in hand with high reward.Just let me decide without their interference to take the risk in order to reap the reward.If I lose it all it should be my choice...PERIOD!
BTW the feds have no business going after speculators that manipulate the markets since the QE2 crap was excatly that!...they have driven equities to artificial highs and bond yields to artificial lows....blatant MANIPULATION.A time of reckoning may be at hand tho and a crash of the equity market is a distinct possibility.On a daily chart 30 yr treasuries are rising fast and now supporting above SMA200 while at this time the S&P is in a very dangerous spot...it just tested the daily 200 and bounced hard but then was met with a bearish engulfing candle that threatens to break below the 200!If S&P doesnt bounce hard monday the markets likely to dive hard soon after and lose about 80 pts before any support is seen on my chart!
If that happens then the risk pairs or high yield pairs in FOREX may get stomped for a season til the equity market finds footing.The feds manipulation is over or is scheduled to be over this month so there will be no invisible hand to prop up the market.The rise in equities was artificial but the fall would be a natural event ...back to supply/demand/speculation..I can make no guarantees about where normal trading is going to take the S&P et al...but my guess is a downward correction!..Watch the S&P!!