04/27/2011 Intraday Comment

99er · Post by **99er** » Wed Apr 27, 2011 3:04 pm

: Bernanke says end of QE II unlikely to affect financial markets, economy
Bernanke says he hopes the Fed has clearly telegraphed its intention to end QEII in June. The chairman added that the committee may decide to tighten monetary policy by halting its reinvestment of securities proceeds sometimes after June. The committee will decide whether to tighten monetary policy in this way based on the state of the economy, Bernanke said.

http://www.theflyonthewall.com/permalin ... ts-economy

Me XMan · Post by **Me XMan** » Wed Apr 27, 2011 3:05 pm

HIP HIP! HOORAY! HIP HIP! HOORAY!
QE3 COMING! QE3 COMING!

Post by **Cobra** » Wed Apr 27, 2011 3:08 pm

bye bye the dollar. I wonder when the other countries would stop using the dollar as reservation currency?

Post by **Cobra** » Wed Apr 27, 2011 3:09 pm

99er wrote:: Bernanke says end of QE II unlikely to affect financial markets, economy
Bernanke says he hopes the Fed has clearly telegraphed its intention to end QEII in June. The chairman added that the committee may decide to tighten monetary policy by halting its reinvestment of securities proceeds sometimes after June. The committee will decide whether to tighten monetary policy in this way based on the state of the economy, Bernanke said.

http://www.theflyonthewall.com/permalin ... ts-economy

Well, wrong answer!

Post by **Cobra** » Wed Apr 27, 2011 3:11 pm

pablorynx wrote:Why is AMZN up in the AH bearish for SPX?

statistics. go to "getting start" to see the best predict stocks.

Me XMan · Post by **Me XMan** » Wed Apr 27, 2011 3:13 pm

Just close your eyes and buy equities. SPX is going 3000.
Fed God is going ALL IN...

Cobra wrote:bye bye the dollar. I wonder when the other countries would stop using the dollar as reservation currency?

BullBear52x · Post by **BullBear52x** » Wed Apr 27, 2011 3:17 pm

OK back to business. GDP is going to grow well over 3% that is booming time! Uncle Ben hope that the oil is coming down or his formula is off, so far it's right on, only oil can mess it up.

Me XMan · Post by **Me XMan** » Wed Apr 27, 2011 3:20 pm

Keep hitting that BUY button!

BullBear52x wrote:OK back to business. GDP is going to grow well over 3% that is booming time! Uncle Ben hope that the oil is coming down or his formula is off, so far it's right on, only oil can mess it up.

jimmythegeek · Post by **jimmythegeek** » Wed Apr 27, 2011 3:21 pm

I was looking up "protective put" in my options bible, and they had a picture of Uncle Ben.

Me XMan · Post by **Me XMan** » Wed Apr 27, 2011 3:21 pm

jimmythegeek wrote:I was looking up "protective put" in my options bible, and they had a picture of Uncle Ben.

BullBear52x · Post by **BullBear52x** » Wed Apr 27, 2011 3:25 pm

Me XMan wrote:Keep hitting that BUY button!

BullBear52x wrote:OK back to business. GDP is going to grow well over 3% that is booming time! Uncle Ben hope that the oil is coming down or his formula is off, so far it's right on, only oil can mess it up.

The last tree trading days, the BUY button got hit heavily right before the EU market open, so buy ES before that time the last 3 days, You'll be rich, it might continue tonight. "don't fight the FED" it's no joke

Rezito · Post by **Rezito** » Wed Apr 27, 2011 3:28 pm

This is nuts, Stoch and RSI show overbought yet we're looking at a breakout from this range. The only way is to buy long today or tomorrow with a stop just below the breakout, and then convert it to a trailing stop in a few days.

Dow Trader · Post by **Dow Trader** » Wed Apr 27, 2011 3:28 pm

Me XMan wrote:Just close your eyes and buy equities. SPX is going 3000.
Fed God is going ALL IN...

Cobra wrote:bye bye the dollar. I wonder when the other countries would stop using the dollar as reservation currency?

Dollar will bounce from this level just remeber where it will close Friday Apr,29 and May,6

Me XMan · Post by **Me XMan** » Wed Apr 27, 2011 3:29 pm

You can throw the technicals out when Fed God is playing it.
KEEP HITTING THAT BUY BUTTON!

Rezito wrote:This is nuts, Stoch and RSI show overbought yet we're looking at a breakout from this range. The only way is to buy long today or tomorrow with a stop just below the breakout, and then convert it to a trailing stop in a few days.

ddd · Post by **ddd** » Wed Apr 27, 2011 3:33 pm

Who is still thinking an a-b-c move instead of a 1-2-3 we are in?

Post by **Cobra** » Wed Apr 27, 2011 3:34 pm

this could be an exhaustion bar. may have another small bar up but I think we'll see pullback soon.

Me XMan · Post by **Me XMan** » Wed Apr 27, 2011 3:34 pm

KEEP HITTING THAT BUY BUTTON!

maldini · Post by **maldini** » Wed Apr 27, 2011 3:35 pm

wedge

Me XMan · Post by **Me XMan** » Wed Apr 27, 2011 3:36 pm

KEEP HITTING THAT BUY BUTTON!
Kramer will have fun on his show tonight.
BUY! BUY! BUY!

99er · Post by **99er** » Wed Apr 27, 2011 3:37 pm

DXY
Well. as Americans, we're long.
http://99ercharts.blogspot.com/2011/04/dxy_27.html
The weekly sports a bullish Gartley Pattern.

Aston Martins for all!

Cobra's Market View

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04/27/2011 Intraday Comment

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