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Post by brosin on Aug 13, 2010 10:49:04 GMT -5
Thanks Ab, interesting
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Post by elle on Aug 13, 2010 10:49:36 GMT -5
Fried Shrimp! Watching piece on Bloomberg about Gulf Coast and this guy is battering and frying shrimp. No idea what they're talking about, but shrimp just might be in my future.
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Post by jack on Aug 13, 2010 10:51:39 GMT -5
I rescued a Basset once DM OBVs suck too btw |
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Post by abdogman on Aug 13, 2010 10:50:56 GMT -5
xlf 14.10 on 1m
Going to do Dogs and lunch .....Good Luck.....back appx 1400EDT
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Post by deadmoney95 on Aug 13, 2010 10:56:27 GMT -5
I rescued a Basset once DM OBVs suck too btw further confirmation that you are one of the good guys. ;D |
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Post by elle on Aug 13, 2010 11:05:18 GMT -5
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Post by jack on Aug 13, 2010 11:05:33 GMT -5
SPY, GS,macds positive
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Post by elle on Aug 13, 2010 11:11:34 GMT -5
iwm back to F R - for the bazillionth time
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Post by jack on Aug 13, 2010 11:11:43 GMT -5
I rescued a Basset once DM OBVs suck too btw further confirmation that you are one of the good guys. ;D LOL!!! Funny story Me Dad was a cop - NYPD I got him a cowboy hat from New Mexico once from all my trips out there. When I presented it to him he said, "Its black - you must think I'm one of the 'bad guys'!" (He never wore it as far as I know...but there's not many who would living in Brooklyn-Queens) lol |
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Post by jack on Aug 13, 2010 11:16:37 GMT -5
I'm not sure if this is significant but when a FAS candle is roughly 1/8" away from the BB on Freestockcharts's 10min, it reverses direction.
I'm gonna "crack the code" even if it kills me.
LOL!!!
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Post by jack on Aug 13, 2010 11:20:25 GMT -5
Parabolics formed under JPM & GS and already there for SPY last 15mins
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Post by brosin on Aug 13, 2010 11:28:21 GMT -5
BP surging, now +3%
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Post by Dualism on Aug 13, 2010 11:28:34 GMT -5
Thank god there is one member with some sense.
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WASHINGTON (MarketWatch) -- In a sharp critique of Federal Reserve policy by a sitting policy member, Thomas Hoenig said Friday that interest rates near zero were "a dangerous gamble" in a period of moderate growth.
"A zero policy rate during a crisis is understandable, but a zero rate after a year of recovery gives legitimacy to questions about the sustainability of the recovery and adds to uncertainty," Hoenig said.
"Monetary policy ... cannot solve every problem faced by the United States today. In trying to use monetary policy as a cure-all, we will repeat the cycle of severe recession and unemployment in a few short years by keeping rates too low for too long," he warned.
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Post by jack on Aug 13, 2010 11:32:47 GMT -5
Parabolics formed under JPM & GS and already there for SPY last 15mins XLFs macd pos and its para UNDER on the 5 |
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Post by brosin on Aug 13, 2010 11:39:00 GMT -5
Thank god there is one member with some sense. -------------------------------------- WASHINGTON (MarketWatch) -- In a sharp critique of Federal Reserve policy by a sitting policy member, Thomas Hoenig said Friday that interest rates near zero were "a dangerous gamble" in a period of moderate growth. "A zero policy rate during a crisis is understandable, but a zero rate after a year of recovery gives legitimacy to questions about the sustainability of the recovery and adds to uncertainty," Hoenig said. "Monetary policy ... cannot solve every problem faced by the United States today. In trying to use monetary policy as a cure-all, we will repeat the cycle of severe recession and unemployment in a few short years by keeping rates too low for too long," he warned. Yep gotta love Hoenig! Has voted against the FOMC 5 in a row now - all 2010 meetings. |
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Post by brosin on Aug 13, 2010 11:42:00 GMT -5
Lone dissenter too.
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Post by jack on Aug 13, 2010 11:59:59 GMT -5
Parabolic UNDER FAS
Yea!!!
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Post by cashfilly on Aug 13, 2010 12:11:06 GMT -5
Hi all! Just got back to my office...looks like some nice pivot trading... Although not huge moves I see a more confident market today... Perhaps it's just optimism but she seems to have handled Hoenig's comments much better than an economy heading for real gloom and doom... Anyone else think we gap up Monday?
Note: I'm not so confident to go all in on the long side just yet tho....ugh
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Post by ccash04 on Aug 13, 2010 12:15:14 GMT -5
Looks like thirty year might get back above 3.9 and ten year is holding above 2.7
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caf
Pit Trader
Posts: 72
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Post by caf on Aug 13, 2010 12:21:36 GMT -5
Hey CASH, nice to see yo uagain. Took yesterday off and saw your posts last night. Hope all is weel with you and the family. Was down in Boca for a quickweekend in June.
As for the market, it's still beating me up every once n a while, but not as often.
I think Monday will be a big tell day and hopefully some Mutual fund money comes in at these levels. They need to make up a lot in the next four months to save them selves.
Hope you stick around for a while and hope your ears don't ring too much. i talk to you all the time when trading," M" what would you be doing?" Sometimes I think I hear you answer so maybe all your guidence is sinking in.
Thanks again for al lthe help as well as all the others in this thread and board.
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Post by brosin on Aug 13, 2010 12:21:52 GMT -5
Anyone else think we gap up Monday? Hi Cash. Yep, sure do! |
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Post by Dualism on Aug 13, 2010 12:22:53 GMT -5
Looks like thirty year might get back above 3.9 and ten year is holding above 2.7 The yield on the 30year is what the yield on the 10year was just 4 months ago.  |
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Post by ccash04 on Aug 13, 2010 12:23:44 GMT -5
Next week is OpEx week which means more mean reversion typically than more pain. Pain trade is down, mean reversion would be up.
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Post by ccash04 on Aug 13, 2010 12:24:28 GMT -5
Looks like thirty year might get back above 3.9 and ten year is holding above 2.7 The yield on the 30year is what the yield on the 10year was just 4 months ago. That is flattening in action. |
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Post by Dualism on Aug 13, 2010 12:39:23 GMT -5
Hoenig also said this today: Hoenig dismissed fears of Japanese-style deflation. "I find no evidence that deflation is the most serious threat to the recovery today," he said. BULLard is full of BULLarp.  |
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Post by brosin on Aug 13, 2010 12:40:27 GMT -5
Yeah I liked your guys explanation for how stagflation is worse than deflation.
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Post by abdogman on Aug 13, 2010 13:03:32 GMT -5
macd neg on 1m for xlf fas
xlf 14.14 on 1m
BB's spread on 1m xlf fas faz
xlf fas on lower channel
vix moving up last 10 mins on 5m
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Post by cashfilly on Aug 13, 2010 13:06:03 GMT -5
Caf! So glad u r here!!!! My son will be heading up ur way this fall-- he got accepted-- what a difficult journey that was!of course my heart will be cracking in sept..
3rd red candle here on the fas pullback - hoping it stays res and the next candle is a dt for another scalp...drn too as well as tna... Of course this could be a tail forming and if so my ticket is ready... As I type it looks more like that bottom is forming for a bit...watching uup and vix for confirmation
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Post by cashfilly on Aug 13, 2010 13:18:35 GMT -5
I c ur bearish consolidation Elle on the hourly...nice catch!
Hi Brosin! Hope all is great!
Waiting...bearish consolidation or a bottom ,,, not a lot of bids here...don't like gs, bac,uup...selling pressure on fins...buying pressure on reits..
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Post by elle on Aug 13, 2010 13:18:49 GMT -5
iwm n/l i/d h&s
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