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Post by rjboni on Mar 29, 2012 12:15:58 GMT -5
JBLU getting crushed thx to that crazy pilot I know you trade JBLU...Was wondering, think this dip in oil will push them back up hard after this fear wears off? Going to read up on it tonight, but very tempted to buy this dip...(Need to read up more on the dilution stuff though.)
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Post by Rich on Mar 29, 2012 12:20:55 GMT -5
housing market is reason for slow recovery
too much supply
demand curtailed by tough credit lending.
thus monetary policy to get the banks to loosen up.
(Sorry, I'm doing this for my own sake to get it straight in my head)
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Post by brosin on Mar 29, 2012 12:21:30 GMT -5
to be fair, credit giving to banks for treasuries is held in a fed account for the banks. the 'money' is not in circulation It's in excess reserves - either it will enter the economy at some point when banks really start lending (big time inflation), or it will fall into a black hole if housing tanks or a credit event causes forced writedowns to MBS or sovereign debt holdings That quote about them not printing money is semantics - they just call it "buying treasuries" or "increasing money supply," etc Or in other words, printing money ;D
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Post by brosin on Mar 29, 2012 12:25:36 GMT -5
housing market is reason for slow recovery too much supply demand curtailed by tough credit lending. thus monetary policy to get the banks to loosen up. (Sorry, I'm doing this for my own sake to get it straight in my head) If the fed can continue to print (politically it will continue getting more difficult in coming years if the economy [housing] doesn't eventually come around) until housing bottoms, they will get out of this with only causing inflation. Until then, the banks will not lend b/c they can just put it into Excess Reserves or short term treasuries and get free money (interest) off their free money. In reality, they should be forcing banks to lend - the fact that they aren't is funny at best and devious at worse. We're giving banks free money with no strings attached, and if housing doesn't come around, that money will disappear. There were far better ways of handling this crisis if the end goal was really to get us out of it. Too bad the American people don't have a lobby group as big as the bank lobby groups.
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Post by Rich on Mar 29, 2012 12:30:37 GMT -5
bros, I bow to thee you are the foremost authority on the fed bar none
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Post by huh? on Mar 29, 2012 12:35:08 GMT -5
Bought some BZH.
Trying to buy some things right on the bottom of support - right on the edge.
Hoping market has at least one more bounce in it yet this week. Could go either way though.
Come on Hand!
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Post by exabi on Mar 29, 2012 12:41:36 GMT -5
Petrobras CFO On Becoming Bigger Than Exxon And Apple:" I Buy Oil Every Day, iPads Every 2 Years"
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Post by Clinton SPX on Mar 29, 2012 12:43:20 GMT -5
traders almanac says April is usually the best month for the dow
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Post by rex on Mar 29, 2012 12:52:42 GMT -5
Fins need to catch a bid, or we won't rally today like we did yesterday! Don't really know why they're so weak today.
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Post by brosin on Mar 29, 2012 13:08:57 GMT -5
bros, I bow to thee you are the foremost authority on the fed bar none Now if I could have only remembered our fantasy baseball draft last night
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Post by brosin on Mar 29, 2012 13:09:50 GMT -5
Petrobras CFO On Becoming Bigger Than Exxon And Apple:" I Buy Oil Every Day, iPads Every 2 Years" I own PBR in my IRA and was shocked (SHOCKED, I say) to see the price yesterday when pulling up my account. It's lost me some good money - would've expected it to be an easy money play, but nope
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Post by huh? on Mar 29, 2012 13:19:00 GMT -5
Here comes a little squeeze at least.
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Post by huh? on Mar 29, 2012 13:27:05 GMT -5
If we get over sp1398.50 (50% retrace of today's down move), should see a much bigger squeeze.
Under sp1396.50 and I think we get 1387 or so minimum.
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Post by natsalilfly on Mar 29, 2012 13:55:54 GMT -5
bull SAR switch IWM on the hourly candles - a positive sign
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Post by jack on Mar 29, 2012 13:56:32 GMT -5
$USD down Market should float up some but I'm not holding my breath it'll fill the gap we'll be lucky if it closes above the SPY 139.75 im dumbass o.
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Post by natsalilfly on Mar 29, 2012 13:57:43 GMT -5
CAT HOD, they took it hard yesterday
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Post by huh? on Mar 29, 2012 14:07:52 GMT -5
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Post by huh? on Mar 29, 2012 14:16:16 GMT -5
sp1401 was the only pattern upside target I had...hoping for some squeeze to take care of the rest.
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Post by jack on Mar 29, 2012 14:19:24 GMT -5
Bwahahahahaha huh? and Exalt!!! lol!!! Well surprisingly enough its halfway up the gap now!!!
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Post by Clinton SPX on Mar 29, 2012 14:20:23 GMT -5
dress them windows bitchez
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Post by natsalilfly on Mar 29, 2012 14:21:18 GMT -5
That is surprising and glad I got back in with some, I bet tomorrow's rather dull.
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Post by rex on Mar 29, 2012 14:25:59 GMT -5
I didn't think they could do it without Fins participating!!! Is there, BTW, any news?
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Post by Ralf on Mar 29, 2012 14:28:48 GMT -5
Somebody with huge nards does NOT want BAC to get above 9.50 today. They were a leader yesterday, today they have caused fins to absolutely flatline while the indices put in a nice recovery. To me, that's a potential red flag for tomorrow, but still too early to tell. It also clearly illustrates just how incredibly manipulated this market really is. Your favorite stock only goes where Big Money allows it to. To call it a free market is purely illusionary.
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Post by natsalilfly on Mar 29, 2012 14:32:20 GMT -5
The DOW came within cents of going green a few minutes ago, but didn't.
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Post by huh? on Mar 29, 2012 14:34:06 GMT -5
Close it just under sp1400, let the shorts load up, and then castrate them with a gap-up open tomorrow?
Might be the only way to get more buyers in for the EOQ after today's slow action. LOL
I can hope.
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Post by Clinton SPX on Mar 29, 2012 14:39:02 GMT -5
holy shit i see green
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Post by huh? on Mar 29, 2012 14:39:59 GMT -5
That is surprising and glad I got back in with some, I bet tomorrow's rather dull. We'll see what happens by the close (support has to hold), but we bounced off the same sp channel that we bounced off of on 03/13 and 03/23. If you measure both of those moves, that would imply that we should hit 1422-1423 if this were to play out the same. And I think it's possible by EOD Monday. Of course if support breaks, I never wrote this. JMO
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Post by natsalilfly on Mar 29, 2012 14:41:08 GMT -5
a gap up tomorrow would look preety similar to Monday's action, on IWM at least.
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Post by huh? on Mar 29, 2012 14:47:13 GMT -5
a gap up tomorrow would look preety similar to Monday's action, on IWM at least. Yep...but I think IWM will get a little higher this time. Looking for a little under $86.00 myself early next week.
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Post by jack on Mar 29, 2012 14:51:40 GMT -5
Golden cross now happening on the SPY's 10min w/ the 20 & 50 MAs too.
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