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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?


To: TH who wrote (48)1/10/2011 2:38:51 AM
From: The Reaper  Read Replies (1) | Respond to of 119362
 
Dollar index just made a four-month high. The Borgs could be programmed differently when we wake up than they were on Friday.



To: TH who wrote (48)1/10/2011 3:48:49 AM
From: Smiling Bob  Read Replies (2) | Respond to of 119362
 
Asia and europe hurting
Ben's got 5 1/2 hours to get on this.
Luckily, he can name that tune in 15 minutes
Fugly Monday for bulls.
----
Banks drag on Europe stocks, Portugal slides

MADRID (MarketWatch) -- European stock markets opened lower on Monday, with banks weighing on indexes, as sovereign debt worries returned to the foreground after weekend speculation that Portugal is under pressure to take a bailout. The Portugal PSI 20 index (EURONEXT:XX:PSI20) fell 1.4% to 7,299.46, with Banco Comercial Portugues SA (EURONEXT:PT:BCP) off nearly 5%. The Stoxx Europe 600 index fell 0.1% to 280.82, while the French CAC-40 index (EURONEXT:FR:PX1) fell 0.6% to 3,841.92 and the German DAX 30 index (XETRA:DX:DAX) lost 0.3% to 6,929.68. In London, the FTSE 100 index (FTSE:UK:UKX) fell 0.2% to 5,973.66, with shares of BP PLC (LONDON:UK:BP.) (NYSE:BP) off 1.6% after the shutdown of the Trans-Alaska Pipeline over the weekend.



To: TH who wrote (48)1/10/2011 4:57:57 AM
From: saveslivesbyday2 Recommendations  Read Replies (1) | Respond to of 119362
 
I agree there seem to be 2 levels of "PPT resistance"

It's easy for them to push the market up on low volume days, or hold at S1 and/or S2 pivot points.

On heavy volume selling days they "resign" to the trend - up to a point, when the larger 100, 200 MDA and
Fibbo levels are approached. And it's not as if everyone who reads doesn't know what these are -
they're virtually announced on TV.

Then the PPT driven machines wait until these serious support levels are about to be breached, and
again everyone can see when the heavy buying kicks in to defend the market.

So, IMO, there are only 2 opportunities to be short - between pivot points, and on heavy down days .......
as long as you cover before the machines start trying to clean up the mess.

Having a lot of cash for day-trading on a big down day is an awesome experience, as everyone knows.

Like riding a great wave, or skiing down a long slope on powder, as long as you enjoy it, make the
most of it and don't expect it to last



To: TH who wrote (48)1/10/2011 7:24:40 AM
From: Giordano Bruno  Read Replies (1) | Respond to of 119362
 
Yellin's Big Bluff

For every $1mm purchase of average life 5-year T-Notes that Brian Sack (NY Fed) makes, a new job is created.
Magical.
Actually it is just self-serving bunk. Ms. Yellen should be ashamed at using this. There is no evidence that there is a direct relationship between QE2 and an increase in employment. I hope some economists rip her apart.

seekingalpha.com