potatohead Posted March 7, 2008 Report Share Posted March 7, 2008 DJ Fed Accepts $15 Bln In 28-Day RPs Type of transaction: 28-Day RPs Total accepted: $15 Bln Total submitted: $52.2 Bln Mortgage-Backed Collateral Operations Total accepted: $15 Bln Total submitted: $52.2 Bln Stop-Out Rate: 2.75% Weighted Average: 2.84% High-rate submitted: 3.05% Low-rate submitted: 2% (Data was provided by the New York Federal Reserve Bank). Link to comment Share on other sites More sharing options...
ChicagoBear Posted March 7, 2008 Report Share Posted March 7, 2008 Fed added a $15b 28-day repo. I'm showing a $14b net add today. $14b - is that a lot? I've been shorting since Tuesday, watching all those gains get erased. I really hate the Fed! Link to comment Share on other sites More sharing options...
stevieo Posted March 7, 2008 Report Share Posted March 7, 2008 Nasdaq briefly hit a new 52 week low. They're still trying to defend the line from Tuesday's low. They're fighting yesterday's battle, hoping noone notices the gap. They'll spin it as a double bottom, but the line has broken. Link to comment Share on other sites More sharing options...
DrStool Posted March 7, 2008 Report Share Posted March 7, 2008 interesting how all three major averages are flirting with these downtrend lines. qqqq just dropped back under the 5 day cycle MA now 42.46. Link to comment Share on other sites More sharing options...
Bungster Posted March 7, 2008 Report Share Posted March 7, 2008 I'm more confused than a baby in a topless bar..... Link to comment Share on other sites More sharing options...
DrStool Posted March 7, 2008 Report Share Posted March 7, 2008 At this point, I'd guess that the pullback needs to hold at the lines around 42.26, or at least the 3 day cycle MA at 42.18, or bears will recover the fumble. Link to comment Share on other sites More sharing options...
Speakeasy Posted March 7, 2008 Report Share Posted March 7, 2008 Pull! Die pig. Link to comment Share on other sites More sharing options...
Jimi Posted March 7, 2008 Report Share Posted March 7, 2008 breaks out. Must be a bull market. 649378[/snapback] Ya girleibull.... Link to comment Share on other sites More sharing options...
DrStool Posted March 7, 2008 Report Share Posted March 7, 2008 Really fascinating action here. Moreso if you don't have skin in the game, but try to step back and watch dispassionately. Really interesting. Link to comment Share on other sites More sharing options...
potatohead Posted March 7, 2008 Report Share Posted March 7, 2008 I did not make this up......... *DJ Central Bank: No Evidence US Slowdown Hurts Colombia Economy I guess cocaine is now a consumer staple Link to comment Share on other sites More sharing options...
DrStool Posted March 7, 2008 Report Share Posted March 7, 2008 spx and dow didn't come anywhere close to their 3 day cycle MAs at 12112.50 and 1314.85. Link to comment Share on other sites More sharing options...
cwd Posted March 7, 2008 Report Share Posted March 7, 2008 Amazing how fast they turned everything green. Do you trust this move? 649383[/snapback] Even Bob Pissonme has trouble believing what his lying eyes are seeing. Link to comment Share on other sites More sharing options...
Jetlag Posted March 7, 2008 Report Share Posted March 7, 2008 I did not make this up.........*DJ Central Bank: No Evidence US Slowdown Hurts Colombia Economy I guess cocaine is now a consumer staple 649398[/snapback] Cocaine much like legal drugs (Alcohol, gambling, tobacco) should be somewhat countercyclical. Link to comment Share on other sites More sharing options...
DrStool Posted March 7, 2008 Report Share Posted March 7, 2008 Pullback to 42.18 holds for the moment. Link to comment Share on other sites More sharing options...
DrStool Posted March 7, 2008 Report Share Posted March 7, 2008 key line on spx at 1302.50. Above that- bullish, below- bearish. Link to comment Share on other sites More sharing options...
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