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The Really Useless Thread

  • #64,101
  • Mar 14, 2012 12:59pm Mar 14, 2012 12:59pm
C'mon get lower.. You can do it

Quoting pipper
Current H4 bar has 8mins left. Will the new one dive lower or bounce
Disclaimer: Check your 1m charts
  • #64,102
  • Mar 14, 2012 1:00pm Mar 14, 2012 1:00pm
Quoting attila
One thing I don't understand though... I agree with the fundies, but wasn't this rally fueled by cheap money? What will happen when that ends? Isn't the market off balance as we speak even though we have good news in the pipe line?
That's exactly the question right now and that's why all the expectations on the FED.

Sure it was fueled by cheap money but monetary policy just serves (at least in theory) to give some boost to real economy until start working on its own (otherwise you have inflation).

Theoretically once you remove the aid, the economy should be able to stand in its feet because of the interrelation and interconnections in the economy.... simplistically free money, more investent, more jobs, more consumption, more taxes income, etc etc circle.

That's the only question in all analyst across the globe...are we ready? ...some doomers say no, some extreme optimist say is already too much and is dangerous but the consensus is that we are there or almost there so "cheap money" is not going to be there for much longer (max Q4/2012)

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #64,103
  • Mar 14, 2012 1:05pm Mar 14, 2012 1:05pm
Quoting USD-Bear
now looking for rejection of 10.080 level

USDOLLAR M15:
Attachment
trying a long @ 1.3020

USDOLLAR M15:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0027.jpg Size: 74 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #64,104
  • Mar 14, 2012 1:05pm Mar 14, 2012 1:05pm
Right... From the economic stand point yes. I was thinking more about the stock market in isolation (if one can do that...).. While the economy was nose diving the market was up (for the most part)... If we look at the stock market as a leading indicator it was right but the ponzi scheme was fueled by almost zero interest money... Now that will end soon shouldn't we expect a drop in the market?

Quoting sisse
That's exactly the question right now and that's why all the expectations on the FED.

Sure it was fueled by cheap money but monetary policy just serves (at least in theory) to give some boost to real economy until start working on its own (otherwise you have inflation).

Theoretically once you remove the aid, the economy should be able to stand in its feet because of the interrelation and interconnections in the economy.... simplistically free money, more investent, more jobs, more consumption, more taxes income, etc etc circle.

That's...
  • #64,105
  • Mar 14, 2012 1:09pm Mar 14, 2012 1:09pm
Quoting FibbinArchie
3 consecutive strikes or total?
total of 3 strikes ... the clincher was the last 2 strikes were consecutive
  • #64,106
  • Mar 14, 2012 1:11pm Mar 14, 2012 1:11pm
Quoting USD-Bear
trying a long @ 1.3020

USDOLLAR M15:
Attachment
a HH on the hourly would be nice, I mean we havent had one for like 6hrs..
Look Sharp/Trade Tight
  • #64,107
  • Mar 14, 2012 1:12pm Mar 14, 2012 1:12pm
Quoting AllyB
total of 3 strikes ... the clincher was the last 2 strikes were consecutive
shows good discipline... and as we know, discipline is colonel saunder's secret ingredient..
  • #64,108
  • Mar 14, 2012 1:13pm Mar 14, 2012 1:13pm
Quoting PayTheLimit
a HH on the hourly would be nice, I mean we havent had one for like 6hrs..
would be glad if we don't see a LL
Don't be a hero. Don't have an ego. Always question yourself
  • #64,109
  • Mar 14, 2012 1:17pm Mar 14, 2012 1:17pm
Quoting attila
Right... From the economic stand point yes. I was thinking more about the stock market in isolation (if one can do that...).. While the economy was nose diving the market was up (for the most part)... If we look at the stock market as a leading indicator it was right but the ponzi scheme was fueled by almost zero interest money... Now that will end soon shouldn't we expect a drop in the market?
I see you point. Despite TA (that a whole different issue), you can see clearly who benefit in the stock markets and where did they buy.

Look at the bottom on 03/2009. We have a non-stop rally of nearly 200%. All the bastards loaded there until the end of that year because of the free money. No sane investor or conservative real investor would have ride in that environment.

Now look at QE1 and QE2 same story. However, since last Q 2011 the environment has dramatically changed. The last leg is all based on macro numbers and you can see everybody jumping in , even the most stubborn doomers admitted defeat.

The point is, if everything is aligned macroeconomic-wise why kill the move when the cow is ready for milking. The answer to your question is: sure taking out cheap money is a perfect excuse for the bastards short/mid term is "profit taking" (not really) and pullback to load lower before a new break...but it cannot go a lot lower as there are a lot of real investment money (not the bastards)buying everything and everywhere.

As long as we don't have a externality via risk I don't see a trend change. I only see a potential pullback and FED taking the sweet sounds as the perfect trigger to me...

The 1st hikes will be a good sign because it will mark confirmed recovery ...only after the impact of higher interest rates will be in play...not before...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #64,110
  • Mar 14, 2012 1:18pm Mar 14, 2012 1:18pm
looks like we could be getting parked up here then, i know i asked this yesterday, but how long till ny equities close?
  • #64,111
  • Mar 14, 2012 1:19pm Mar 14, 2012 1:19pm
Quoting USD-Bear
would be glad if we don't see a LL
indeed, last hour was an inside bar..at any rate, good luck mate..
Look Sharp/Trade Tight
  • #64,112
  • Mar 14, 2012 1:20pm Mar 14, 2012 1:20pm
Needs to close above 27 for more north i think. 1min lining up for possible down move

Quoting USD-Bear
would be glad if we don't see a LL
Attached Image (click to enlarge)
Click to Enlarge Name: euH4.gif Size: 14 KB
Disclaimer: Check your 1m charts
  • #64,113
  • Mar 14, 2012 1:26pm Mar 14, 2012 1:26pm
Right. Excellent analysis.. It's interesting how these things play out if you think about it. How thing get "balanced" out.. Over here, the stock market is made of bastards, yes.. but the bulk of it are the mutual funds, i.e. people's retirement plans. The FED's cheap money kept that afloat so that the people, although without jobs were screaming less because their 401Ks were going up. Now that they'll probably get jobs, the'll see that going down, and they will not scream that loudly either because the jobs are there and they will happily vote whoever they are voting for.... It's so funny how they do us..
Quoting sisse
I see you point. Despite TA (that a whole different issue), you can see clearly who benefit in the stock markets and where did they buy.

Look at the bottom on 03/2009. We have a non-stop rally of nearly 200%. All the bastards loaded there until the end of that year because of the free money. No sane investor or conservative real investor would have ride in that environment.

Now look at QE1 and QE2 same story. However, since last Q 2011 the environment has dramatically changed. The last leg is all based on macro numbers and you can see everybody...
  • #64,114
  • Mar 14, 2012 1:29pm Mar 14, 2012 1:29pm
sisse 10 handles on es dixy still holding above 80.50
  • #64,115
  • Mar 14, 2012 1:31pm Mar 14, 2012 1:31pm
Quoting attila
Right. Excellent analysis.. It's interesting how these things play out if you think about it. How thing get "balanced" out.. Over here, the stock market is made of bastards, yes.. but the bulk of it are the mutual funds, i.e. people's retirement plans. The FED's cheap money kept that afloat so that the people, although without jobs were screaming less because their 401Ks were going up. Now that they'll probably get jobs, the'll see that going down, and they will not scream that loudly either because the jobs are there and they will happily vote...
YEAP ....agree 100% with those comments...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #64,116
  • Mar 14, 2012 1:39pm Mar 14, 2012 1:39pm
Quoting kill56
sisse 10 handles
I'd like to see the bid/ask at 10 handles...
Look Sharp/Trade Tight
  • #64,117
  • Mar 14, 2012 1:41pm Mar 14, 2012 1:41pm
Quoting kill56
sisse 10 handles on es dixy still holding above 80.50
....To be honest I haven't feel so strong itchy fingers in a while in the ES since last week. I am sidelined by lack of entry (got one last Thursday but I chicken out) and I have even peek at m5(pathetic really but ...) for the just in case entry....

Still sidelined and without hope, sadly there is nowhere to load at these levels r:r wise in my books so ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #64,118
  • Mar 14, 2012 1:42pm Mar 14, 2012 1:42pm
Quoting PayTheLimit
I'd like to see the bid/ask at 10 handles...

u still long
  • #64,119
  • Mar 14, 2012 1:42pm Mar 14, 2012 1:42pm
Quoting PayTheLimit
I'd like to see the bid/ask at 10 handles...
  • #64,120
  • Mar 14, 2012 1:44pm Mar 14, 2012 1:44pm
Quoting sisse
....To be honest I haven't feel so strong itchy fingers in a while in the ES since last week. I am sidelined by lack of entry (got one last Thursday but I chicken out) and I have even peek at m5(pathetic really but ...) for the just in case entry....

Still sidelined and without hope, sadly there is nowhere to load at these levels r:r wise in my books so ...

sisse
last night i did ask u about risk of shorting es from 1400, u did not see the post i guess
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