Super trading day fellas. Sold into strength then waited for Pomo to start buy programs…think pomo shot its wad and should see some more selling into the close……:) Enjoy your weekend Red
You can be sure the pundits & the Fed will be saying the problem was “not enough” QE. As to when they will implement, that’s the real question. Ask your local Congressman. They know all of this, and act on it, before us peasants & serfs.
Yes, I see a temporary bottom being put in today Kevin. We should rally next Monday I believe. The 1294 level is big support, and as long as it holds today next week should be up (at least for several days of it).
The last month of QE2 and both the market and jobs start to drop. How convenient for Mr. Helicopter. Now he has his justification for QE3 (to be called something else). My guess is it will take a bit more pain for them to truly justify it though.
We’ll see how far this drop actually goes. My guess is it’s an attempt to get bears on board for a huge squeeze once QE3 is announced. Why do I think that? This morning on the Today Show they were talking about the economy turning for the worse. Got to get the Sheeple thinking they need more help, right? Guess I woke up a bit cynical this morning…
Super trading day fellas. Sold into strength then waited for Pomo to start buy programs…think pomo shot its wad and should see some more selling into the close……:) Enjoy your weekend Red
You can bet that we will have QE3, but ‘when’? I suspect it will come at a much lower price, and in another name of course.
You can be sure the pundits & the Fed will be saying the problem was “not enough” QE. As to when they will implement, that’s the real question. Ask your local Congressman. They know all of this, and act on it, before us peasants & serfs.
“What a mindjob,…I knew I should’ve taken the blue pill.” LOL!
It makes you one of the minority (like all the “red pill takers”… LOL).
Haha,…a “realist” in this “let’s pretend economy”. How does that work? 🙂
ES Fibonacci levels: http://niftychartsandpatterns.blogspot.com/2011/06/es-fibonacci-levels.html
You woke up a “realist”… LOL
Yes, I see a temporary bottom being put in today Kevin. We should rally next Monday I believe. The 1294 level is big support, and as long as it holds today next week should be up (at least for several days of it).
Wow…just wow…
The last month of QE2 and both the market and jobs start to drop. How convenient for Mr. Helicopter. Now he has his justification for QE3 (to be called something else). My guess is it will take a bit more pain for them to truly justify it though.
We’ll see how far this drop actually goes. My guess is it’s an attempt to get bears on board for a huge squeeze once QE3 is announced. Why do I think that? This morning on the Today Show they were talking about the economy turning for the worse. Got to get the Sheeple thinking they need more help, right? Guess I woke up a bit cynical this morning…