MrHanky Posted February 22, 2012 Report Posted February 22, 2012 Another tease or the beginning of some real selling?
MrHanky Posted February 22, 2012 Author Report Posted February 22, 2012 They managed just a 1 point ES jam in the closing few seconds,Bears now need a gap down and steady selling tomorrow. Treasuries need a bid,so markets need to drop for a bit.....Maybe.
DrStool Posted February 22, 2012 Report Posted February 22, 2012 My friends at Minyanville rejected my piece today. I wonder if that means anything. WTF Did All That Printed Money Go?
Jimi Posted February 22, 2012 Report Posted February 22, 2012 The cash shows up as a liability–Federal Reserve Notes– on the Fed’s balance sheet because cash, Federal Reserve Notes, are a promise to pay… what? In other words if somebody shows up at 33 Liberty Street, NY with a wheelbarrow full of cash and demanded that the Fed pay up, well then… never mind. Just take my word for it. It’s a liability. Federal reserve notes (a.k.a., U.S. currency) are zero-term, zero-rate loans that are perpetually and instantaneously rolled.
psyche doctor Posted February 22, 2012 Report Posted February 22, 2012 NQ globex channel. NQ trading near lower channel support. Either we get the standard, patented blast or this POS is going to leave this neat channel behind.
rdkyote Posted February 22, 2012 Report Posted February 22, 2012 NQ globex channel. NQ trading near lower channel support. Either we get the standard, patented blast or this POS is going to leave this neat channel behind. There's got to be quite a few sell stops sitting under that thing.
rdkyote Posted February 22, 2012 Report Posted February 22, 2012 Bailed on the very last of the USD/JPY today. The last half of the half. Will look to re-enter this trade but this seems a little long in the tooth. I saw your post the other day, KW... I still have YCS in IRA for a longer term play on a weak Yen. I'd rather stick to forex rather than YCS but since it is an IRA acct., that's about all i can do.
Jetlag Posted February 22, 2012 Report Posted February 22, 2012 Is K-wave back from south africa, or not? http://www.youtube.com/watch?v=LEFCQRwj28w Maybe his real name is Jeb Corliss
shorty Posted February 23, 2012 Report Posted February 23, 2012 Another tease or the beginning of some real selling? lotta chinks in the armor: Dell's bedshat, Baidudu's lukewarm reamsponse to decent yearnings, and Walfart's two-day dump, to name jsut a fwe
BreakOut Posted February 23, 2012 Report Posted February 23, 2012 My friends at Minyanville rejected my piece today. I wonder if that means anything. WTF Did All That Printed Money Go? "it’s a riddle, wrapped in a mystery, inside an enema." ??? Sounds like Dr.Stepan N. Stool.Resubmit as Lee and they should jump at it.
Speakeasy Posted February 23, 2012 Report Posted February 23, 2012 My friends at Minyanville rejected my piece today. I wonder if that means anything. WTF Did All That Printed Money Go? Means: you can't trade off of it; what's a few billion when trillions are in play; and in fast paced net life, subtlety and mystery don't sell. They need explosions and dead bodies bleeding from all orifi.
I_Am_Madness Posted February 23, 2012 Report Posted February 23, 2012 NQ globex channel. NQ trading near lower channel support. Either we get the standard, patented blast or this POS is going to leave this neat channel behind. Nasdaq also broke the channel today. Let's see if they can stick save it tomorrow. $Tran broke the 50 dma. I'm a bit surprise that it broke without a bounce. In a strong bullish market, it 'should' had bounced. A move down to 4960 is on deck. This might coincide with the test of 1330 on S&P. Trade safe. Current position. Short ES at 1351, AAPL March 500 puts at 9.85 and 9.90.
I_Am_Madness Posted February 23, 2012 Report Posted February 23, 2012 Market action the past few weeks have been quite bullish. After 1330, we'll just have to see what unfolds. The risk and reward is on the short side. Sounds crazy, but these tight channels haven't been kind to the bulls, you'll see that over the past 2 years whenever we get a multi month rally in a tight channel, it has always broke down and returned to the base of the channel. They called me a lemming for staying bullish off of the October lows and calling for a top in the January/Feb timeframe. I'm sure they'll be calling me a lemming for starting/initiating a bearish equity position now. Just a few thoughts on my end.
psyche doctor Posted February 23, 2012 Report Posted February 23, 2012 Market action the past few weeks have been quite bullish. After 1330, we'll just have to see what unfolds. The risk and reward is on the short side. Sounds crazy, but these tight channels haven't been kind to the bulls, you'll see that over the past 2 years whenever we get a multi month rally in a tight channel, it has always broke down and returned to the base of the channel. They called me a lemming for staying bullish off of the October lows and calling for a top in the January/Feb timeframe. I'm sure they'll be calling me a lemming for starting/initiating a bearish equity position now. Just a few thoughts on my end. Maybe with some more bear calls, you can add to your negative user rating. I've managed to add a few negatives to my rating here recently and hope to add more. The way I look at it, you never want a positive rating, as that just means that you are just part of the crowd, agreeing with the crowd and, at the critical times, the crowd is usually wrong. Anyway, keep your eyes on the charts and stick to your guns, unless the market proves you wrong.
DrStool Posted February 23, 2012 Report Posted February 23, 2012 What Do Multiple Concurrent Sell Signals Mean?
Recommended Posts
Archived
This topic is now archived and is closed to further replies.