Sudaca Posted January 22, 2008 Report Share Posted January 22, 2008 Suds, K-Waves 900 daily is the same as the 200 weekly. I try to let my setup be as simple as possible, so i just have the 200 on and click thru the timeframes, no need for a 900 daily. 639363[/snapback] Uh-Huh. I've always used the 200 week myself. Remember how the HGX bounce right off it at the end of Phase 1 of the decline. Link to comment Share on other sites More sharing options...
Sudaca Posted January 22, 2008 Report Share Posted January 22, 2008 BKX had a mini-bounce there, then plowed through it like a teenager on prom night. Link to comment Share on other sites More sharing options...
dogsie Posted January 22, 2008 Report Share Posted January 22, 2008 Can't believe the FED cut 75bp and the market is going to close in the red. Even last year's faux cuts had a higher impact. 639366[/snapback] Only the first one produced a nice one day scorcher, the next one market limped to a higher close then fell over the next day, the last one resulted in a 200+ drop as deemed not enough. Link to comment Share on other sites More sharing options...
Lesser Fool Posted January 22, 2008 Report Share Posted January 22, 2008 Shrub just spoke briefly to the media saying he, Paulson and others agree that MORE stimulus is needed to keep this "inherently healthy economy" going. I.e., more than the $150 billion giveback + 75 bp cut we've already seen. Good thing the economy isn't sick, eh? Link to comment Share on other sites More sharing options...
guyb Posted January 22, 2008 Report Share Posted January 22, 2008 Nikkers futures trading +600 over cash close Link to comment Share on other sites More sharing options...
Jetlag Posted January 22, 2008 Report Share Posted January 22, 2008 Ben must be thinking that he should have added 20Bi instead of the meager 10Bi. Money just doesn't buy what it used to. Link to comment Share on other sites More sharing options...
DrStool Posted January 22, 2008 Report Share Posted January 22, 2008 3 and 5 day cycle indicators still solidly on the buy side. There's still a chance they can close it unch or better. they need to take out the bottom of this range around 11,900 on the Dow and 1300 on spx. The Fed gave them the dough to defend it. So we'll see. Link to comment Share on other sites More sharing options...
Jimi Posted January 22, 2008 Report Share Posted January 22, 2008 Hour of Power. Link to comment Share on other sites More sharing options...
DrStool Posted January 22, 2008 Report Share Posted January 22, 2008 They added just enough to get the repo auctions in range of the new target. No more. Link to comment Share on other sites More sharing options...
DrStool Posted January 22, 2008 Report Share Posted January 22, 2008 I think that Bernanke would have liked to defend 4.25 a while longer, but couldn't. See the Fed report, just posted in the WSE Pro. Link to comment Share on other sites More sharing options...
DrStool Posted January 22, 2008 Report Share Posted January 22, 2008 OK, they are through the 3 day cycle MAs 11985, 1311. 5 day now 12096 and 1323.66. Link to comment Share on other sites More sharing options...
Auntie Septic Posted January 22, 2008 Report Share Posted January 22, 2008 Jam-o-rama. Gotta give Fidelity enough time to unwind their crappy positions in GOOG and the like before this thing gets flushed for good. Closed QID for a small profit. ...and I finally graduated to "Bachelor of Stock Proctology'. Link to comment Share on other sites More sharing options...
DrStool Posted January 22, 2008 Report Share Posted January 22, 2008 qqqq is through the 5 day at 44.26. , testing the line connecting the highs 44.66. next up the 8 day at 44.74. Link to comment Share on other sites More sharing options...
cwd Posted January 22, 2008 Report Share Posted January 22, 2008 cwd-- A belated thank you for your valuable advice yesterday... Appreciate your warning to be on the sidelines this ay-em. Bernanke and Friends have shot their wad this ay-em, and IMHO, the coast is clear to short this bounce when the time is right... My on-line broker appears to be up to the task (fingers crossed). I doubt the Asians will be comforted by the Fed's move... My guess is they are thoroughly panicked and will plunge again soon should they bounce tonight. Margin calls should accelerate the global sell-off. I'm looking to go back into FXP when the situation looks ripe (waiting for more pull-back). Wish me luck. May you make some serious $$ Disclaimer: This is not trading advise to anyone reading this board... do your own due diligence. 639304[/snapback] I think there is a chance of another rate cut at the next FED. The word from the CNBSers is we need MORE, and we have seen that Ben will give them what they want. Link to comment Share on other sites More sharing options...
fxfox Posted January 22, 2008 Report Share Posted January 22, 2008 another CHANCE of a rate cut? I would say it is 99% sure and it is even more or less priced in. Link to comment Share on other sites More sharing options...
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