The Really Useless Thread

also, why has my s&p500 futures chart gone mental over the past 48hrs?

What Will FOMC Bring? U.S. Dollar in the Balance as FOMC Mulls QE3

http://finance.yahoo.com/news/fomc-b...medium=twitter

yeap lol....first upgrade but even with it will be twice as bad as Portugal in the bond markets.... 1378.x in the S&P only level to track across the board until the close. For now sitting on air and with nobody in both sides bid/ask... Above is break in daily ...this is not over yet ...price intraday looks v unconfortable and unsustainable in the current area.

Profit taking trigger by fresh selling can bring easily to the 1360.xx area but not much lower as 1345.x is very strong now so chop around the corner in that range if we selloff....untradable environment in the ES and only a gambler entry will do it today so not in my books

sisse

I'm looking at lower today hopefully

will junkiesssssssssssss


about 15m to the FOMC


by the way berny does not have lube i doo

I will only long. If it goes short, I'm on the sideline..

Oh that is golden. I have had some rather nasty draw downs on swings before I just happened to be around at the right time last night

5m says short for now. But, easily invalidated. Pretty tight range we have. Time of day and all though...

Only a strong not more "free money" (not expected), etc will send dollar through the roof a flat announcement or any other will put us back in TA control with stocks in full control for the break or fade..

GL

sisse

yeah, not saying but I can't ignore h4 bar + a double bullish divergence on rsi there.. + the level it moved above is very important. Of course it can drop, I'll just not go with it..

what did you do?

I agree sisse. GL..

is there an economic gibberish interpreter in the house?

Press Release

http://www.federalreserve.gov/gifjpg/PRimage.gif Release Date: March 13, 2012
For immediate release

Information received since the Federal Open Market Committee met in January suggests that the economy has been expanding moderately. Labor market conditions have improved further; the unemployment rate has declined notably in recent months but remains elevated. Household spending and business fixed investment have continued to advance. The housing sector remains depressed. Inflation has been subdued in recent months, although prices of crude oil and gasoline have increased lately. Longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects moderate economic growth over coming quarters and consequently anticipates that the unemployment rate will decline gradually toward levels that the Committee judges to be consistent with its dual mandate. Strains in global financial markets have eased, though they continue to pose significant downside risks to the economic outlook. The recent increase in oil and gasoline prices will push up inflation temporarily, but the Committee anticipates that subsequently inflation will run at or below the rate that it judges most consistent with its dual mandate.
To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy. In particular, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.
The Committee also decided to continue its program to extend the average maturity of its holdings of securities as announced in September. The Committee is maintaining its existing policies of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate to promote a stronger economic recovery in a context of price stability.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Dennis P. Lockhart; Sandra Pianalto; Sarah Bloom Raskin; Daniel K. Tarullo; John C. Williams; and Janet L. Yellen. Voting against the action was Jeffrey M. Lacker, who does not anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate through late 2014.

"Free money" till 2013 watch-out for that in dollar, good employment outlook, risk fading and inflation under targets....now read in detail and let it digest in charts....

sisse

Damnit, probably should have played that. LOL

that was very falconish comments from the fed

Gorgeous animal

http://nathistoc.bio.uci.edu/birds/f...a,%20Feb.).jpg