sloth wrote:Another round of QE would drive the price of corn and oil through the roof, just the opposite of what you want to do in a weak or recovering economy. Why would the Fed launch more QE when the markets are at multi-year highs also? I just do not understand the logic of wall street, or is it all just a massive load of BS to get prices at this level so they can sell.
I think the speculation may be less on Bernanke and the Fed and more on Draghi and the ECB. If an ECB bond buying program gets the green light, it could be massive.
sloth wrote:Another round of QE would drive the price of corn and oil through the roof, just the opposite of what you want to do in a weak or recovering economy. Why would the Fed launch more QE when the markets are at multi-year highs also? I just do not understand the logic of wall street, or is it all just a massive load of BS to get prices at this level so they can sell.
Sloth or others, would do you think about the idea that while QE creates inflation here, it creates substantially more inflation in other countries like say....China. Making it more likely they have a hard landing. Could that be part of the overall thinking? Just thinking out loud....
Al_Dente wrote:Paper/scissors/rock chart
Spy opened right smack on top of the daily bolinger centerline (neon dotted green line on top panel)
Recently, it hasn’t stopped there (red circles)……..we’ll see
The attachment 824bb52xpaper.png is no longer available
Thanks Dr Al
appears to be a bit of upside or consolidation next day or 2, then possible a spike down below to blow out weak I/T longs again which could setup a good spot to get in for monthend pop, here is 4hr ES futures, mac could cross this afternoon
GLTA and thanks for all the input
resistance, volume surge, so might see pullback or consolidation here, then should be another leg up.
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BullBear52x wrote:MACD bullish cross on my intraday setting. so the coming sell in a few minutes or so will be last sell for da bears and next dip will be bought.
great site, I'll click it day-ly ,....does kind of feel like sell-the-breakdown has lost momentum and moved into buy da (lil) dip
BullBear52x wrote:MACD bullish cross on my intraday setting. so the coming sell in a few minutes or so will be last sell for da bears and next dip will be bought.
great site, I'll click it day-ly ,....does kind of feel like sell-the-breakdown has lost momentum and moved into buy da (lil) dip
here the last sell the rip spot, still ticking no ding yet.
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