What is your interpretation of the Fed statement? Different news outlets are acting like the statement meant QE2 will end and further easing is being taken off the table. I totally didn’t hear that at all, if anything I heard further easing… I’m puzzled now… I need to get back to my charts. LOL!
Thanks Red! Of course the Simpsons clock really is May 6th, they’d wait until after hours to trigger the false flag so everyone would be trapped over the weekend!
Still think they will take ‘er to the spy 138 area? I think a second confirming close above 1344 will open the bulls flood gates. They are a little aprehensive today obviously, but like you say, bullish TA is the only TA that works and an inverse head and shoulders is a pretty powerful pattern.
Hard too say? But it does seem like they put out all the really good FP’s last year. I’d say that the volume, date and time of those prints told the insiders when they would be hit. But of course us sheep don’t know the code.
Once this market does finally roll over, I’ll be looking for all those prints to be hit on the move down. For now though, we have too wait until this pig finally dies.
On a side note, what if the Simpson’s clock reads May 6th… as in “5 minutes until 6 o’clock”? Maybe that’s when one of the reactors blows in Japan (or some where else in the world)?
What is your interpretation of the Fed statement? Different news outlets are acting like the statement meant QE2 will end and further easing is being taken off the table. I totally didn’t hear that at all, if anything I heard further easing… I’m puzzled now… I need to get back to my charts. LOL!
Well, I’d say we’ll hit that upside FP on the SPY for sure now.
Sounded like QE goes on… According to them, inflation is not much of an issue and the market needs further easing.That’s what I heard. LOL!
Well, nothing changed… why aren’t I surprised? LOL
I’ve been told that the FOMC decision is at 12:30 and then later Bernanke talks at 2:15… so be ready for some volatility!
Thanks Red! Of course the Simpsons clock really is May 6th, they’d wait until after hours to trigger the false flag so everyone would be trapped over the weekend!
Still think they will take ‘er to the spy 138 area? I think a second confirming close above 1344 will open the bulls flood gates. They are a little aprehensive today obviously, but like you say, bullish TA is the only TA that works and an inverse head and shoulders is a pretty powerful pattern.
Yes, it’s going to go crazy at 12:30 pm and 2:15 pm! I don’t know which way it goes, but I do expect a positive close by the end of the day.
It’s a damn casino. Headfake here, headfake there… Get the shorts on and then rocket up until retail longs get on then drop her down to shake ’em off…
Hard too say? But it does seem like they put out all the really good FP’s last year. I’d say that the volume, date and time of those prints told the insiders when they would be hit. But of course us sheep don’t know the code.
Once this market does finally roll over, I’ll be looking for all those prints to be hit on the move down. For now though, we have too wait until this pig finally dies.
On a side note, what if the Simpson’s clock reads May 6th… as in “5 minutes until 6 o’clock”? Maybe that’s when one of the reactors blows in Japan (or some where else in the world)?