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Steel Wool


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Good morning, everyone.

 

I am pleased to report that Nancy's brother William came through yesterday's quadruple heart bypass procedure just fine. Again, for those of you who joined the integrated medicine effort by sending him IP, much thanks from the two of us! :) :) :)

 

This from yesterday's New York Post:

 

She's pulling the wool over their eyes.

 

Sandi Weld claimed her pet sheep began producing steel wool after she moved to Iron Mountain in Michigan.

 

"It grazed on the mineral-rich grass. When it came time to shear it in the spring, I ended up with nine pounds of steel wool," she said.

 

Some shaggy sheep story! It won her the title of World Champion Liar in the annual contest sponsored by Wisconsin's Burlington Liars Club.

 

Nancy came by just as I was preparing to post this. She said, "Since it's been thought by some that perhaps normal sheep shrink in the rain, could it be that this particular sheep rusts in the rain?"

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SG chimes in

 

I updated my Thursday numbers this morning about an hour ago on the LOB thread...

 

26.30 likely on Q's retrace, followed by 24.57 downleg...

 

Also, 26.42 is possible as well....

 

SG in cash as he covered last night. SG remains a tad worried about a 27.30 retrace on Q's and so took profits....

 

Update ya later... check the SG thread on LOB for more detail.

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guten tag liebe stoolies!

 

DAX was at 2933 this morning, but a bounce was due, rsi in 1 hour chart was at 24, now moved up above 30 again and broke its downtrendline, now DAX at 2979.

 

I take my postions mainly based on rsi in 1 hour chart, it wokrs in DAX and currencies. I dont need a sophisticated answer, like "rsi is just the summation of bla bla bla", for me it works, basta. :lol:

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So far a drain- is it 4B? - on the 28 day repo expiring today.

 

Open Market Operations

Temporary Open Market Operations: 01/09/2003

Maturity Date: 02/06/03

Delivery Date: 01/09/03

The Desk has entered the market announcing: 28-Day RP

Temporary Operations Statistics:

Treasury Collateral Operation Agency Collateral Operation Mortgage-Backed Collateral Operation

Weighted Average Rate

1.230 NA NA

Stop Out Rate (Lowest Rate Accepted) 1.230 NA NA

Highest Rate Submitted 1.240 1.260 1.270

Lowest Rate Submitted 1.170 1.230 1.250

Total Propostions Submitted (In $Bil.) 24.150 16.550 9.900

Total Propositions Accepted (In $Bil.) 3.000 0.000 0.000

 

Total Money Value of Operation (In $Bil.) 3

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