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Stock Market Intraday Chat: Feb 27th - Mar 2nd - Page 42

post #821 of 1355
Quote:
Originally Posted by rmejia View Post

1372 was also yesterday's HOD, banged head there again today.

First hour low 1372.25, reversals below that IB low is very important, more important to the bears. Price holding above that level for 15-20 min without lots of indecision would pretty much close up the bearish playbook for me. As it is, this day looks just the same on the intraday ES chart except the dip was big, magnified by that metals nastiness, so we're starting from a lower point, giving better chance for bulls to hold some levels like pivot, IB low, etc. Currencies actually look bullish for equities to me, on intraday timeframes. One other thing worth noting, gold made a new low about an hour ago, while equities held ES 1368 level like a champ. Until 1368 breaks clean, it looks to me like bulls are over the madness in gold. Hopefully it is about to get more interesting as I had relapsed into a coma there for a bit.
post #822 of 1355

http://www.factcheck.org/2008/03/federal-reserve-bank-ownership/

http://www.dailypaul.com/77899/the-primary-owners-of-the-federal-reserve-bank-are  (different take)

Quote:
Originally Posted by Lehner View Post


Really?
linky? :)


 

post #823 of 1355

I still see that as being the larger these big private banks get, the more they threaten how the Fed System operates.

Under the system if you have more on the line you'll get a bigger say when the voting of Board members occurs, especially since they vote on 5 of the 12 members. Buy the President and you get your hands right in on the money supply and short term interest rate planning.
post #824 of 1355

Let's see if we can take out morning lows EOD

post #825 of 1355

that's not supposed to be the way it works, but probably is..

 

Quote:
Originally Posted by Lehner View Post
I still see that as being the larger these big private banks get, the more they threaten how the Fed System operates.
Under the system if you have more on the line you'll get a bigger say when the voting of Board members occurs, especially since they vote on 5 of the 12 members. Buy the President and you get your hands right in on the money supply and short term interest rate planning.


 

post #826 of 1355
Quote:
Originally Posted by OldFart View Post

that's not supposed to be the way it works, but probably is..


 



I agree smile.gif

Thanks for the link man, really insightful.smile.gif
post #827 of 1355


no prob
 

Quote:
Originally Posted by Lehner View Post

I agree :)
Thanks for the link man, really insightful.:)



 

post #828 of 1355

yawn.gif

post #829 of 1355

meh.jpg

post #830 of 1355

crunch time.. compression..

 

S1 breached.. again.. S2 might be applicable today

post #831 of 1355
Thread Starter 

Russell going for the lows

post #832 of 1355
Not often during this run that SPY has taken out multiple intraday higher lows. Just did it but looking like it wants to try and bounce here. Quick flush through 137.10 would impress.
post #833 of 1355
Thread Starter 

Materials one of the weaker sectors today.

 

Still in that uptrend, but a lot closer to the support line.

 

chart.ashx?t=XLB&ty=c&ta=1&p=d&s=l

post #834 of 1355

ohhhhhh ya.. the month is rolling today.....

 

Tomorrow is fresh.. but hitting 61.8 fib.. which has tried a few times.. path of least resistance is down.

 

I expect selling into the close. wedgie wants to break to the downside jmo.

post #835 of 1355
Best bearish setup in a while... possible bearish engulfing today with higher open than close yesterday and likely going to be closing under yesterday's open. A gap below daily 8EMA tomorrow would be a powerful bearish move, undoubtedly would be the best daily chart setup for bears this year.
post #836 of 1355

lol @ this year.. ya well uptrends cannot continue on the juice from the fed.. when the fruit is rotten.

this is healthy and i hope we pull back more tomorrow and friday.

 

Keep in mind ppl that EU has not factored it all in, they were up, which was odd. as said before i expect bleeding into transatlantic sessions.

post #837 of 1355
Gold LOD yet again. At some point this move in the yellow should spring a substantial leak in the markets... mere flesh wounds so far.
post #838 of 1355
Thread Starter 

Here comes the push lower

post #839 of 1355

i am perplexed that other things like the VIX are stone cold...  perhaps the drop in points and other attributes inst enough today.

maybe ppl need the fear of the bear instilled in them. complacency is a problem here. or perhaps ppl already have hedges loaded..

 

 

63-58 ES @ close.. i hope its below and sitting on the 58

post #840 of 1355
Wow at 1700 gold sliced through ten bucks of stops in one tick on my chart. Figured there was a load there, that's impressive.
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