Across all operations in the schedule listed below, the Desk plans to purchase approximately $105 billion. This represents $75 billion in purchases of the announced $600 billion purchase program and $30 billion of principal payments from agency debt and agency MBS expected to be received between mid-November and mid-December.
The euro broke beneath that double bottom today but bounced forming a hanging man. So tomorrow should be key if the euro heads down again along with gold and silver. I am going to do a count again of all the trading days since October 11,2007 to see if I was off on the trading days since then.
Using USO, starting back in August, the target for wave 5 was 38. We hit that today (oil set a new high even though markets did not). Following my own trading plan, had to go short.
I think that yesterday was A of an ABC correction. I think we put in B today. This might turn into an ABCDE zig zag.
The initial euphoria of the Fed action has taken a while to wear off. The new POMO schedule posted today virtually guarantees that 118.16 will get taken out by year’s end.
as they say.. the market is on CRACK and the FED is the dealer…
we are going higher….. the fact is there are still alot of shorties….once most of the shorties….. give up…. thats when we will fall.
http://www.zerohedge.com/article/nia-releases-food-price-estimates-qe2-world-bread-2305-corn-1143-6221-sugar
Qs are down from 53.71 at the close, to 52.96 at 5:15pm
“QE does not add new money to the system” – QE is a myth wrapped in a riddle. Once solved – bye bye rally
http://pragcap.com/qe-inflationary
Across all operations in the schedule listed below, the Desk plans to purchase approximately $105 billion. This represents $75 billion in purchases of the announced $600 billion purchase program and $30 billion of principal payments from agency debt and agency MBS expected to be received between mid-November and mid-December.
go go go Bernanke go go
The euro broke beneath that double bottom today but bounced forming a hanging man. So tomorrow should be key if the euro heads down again along with gold and silver. I am going to do a count again of all the trading days since October 11,2007 to see if I was off on the trading days since then.
Using USO, starting back in August, the target for wave 5 was 38. We hit that today (oil set a new high even though markets did not). Following my own trading plan, had to go short.
I think that yesterday was A of an ABC correction. I think we put in B today. This might turn into an ABCDE zig zag.
The initial euphoria of the Fed action has taken a while to wear off. The new POMO schedule posted today virtually guarantees that 118.16 will get taken out by year’s end.
as they say.. the market is on CRACK and the FED is the dealer…
we are going higher….. the fact is there are still alot of shorties….once most of the shorties….. give up…. thats when we will fall.
What’s your thoughts Dread? Do you think the top is in now, or do you see us moving up more as the FP of DIA 118.16 suggests?
Short oil via DTO, entry 56.86