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   Strategies & Market TrendsHumble1 and Swing Trading Friends


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From: rkchris8/24/2012 11:21:37 PM
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Thursdays ES 1398.00 low held above its cr1397.40 support. Today saw the ES run stops below 1397.40 & bullishly reverse back up to close @ 1410.25, which is coincident with 1410.00, the 50% retrace of the decline from 1424.75. Previous resistance @ cr1401.14 & cr1407.02 now act as sppt. Short term sentiment is supportive of a rally, having moved from a deeply o/b reading from 8/17 to 8/21, to an o/s condition on 8/23......

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From: humble18/25/2012 10:44:39 AM
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Expectations low for anything big/new from Helicopter Ben next Friday. Makes sense - too close to the meeting and he has said plenty already:

cnbc.com

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To: Joseph Silent who wrote (8788)8/25/2012 12:54:19 PM
From: humble1
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Joseph: you nailed the support ... so far, so good. hope i don't jinx the whole thing by gettin' too happy too soon ... :)

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From: humble18/26/2012 1:46:09 PM
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A very different Merkel v. Greece, lol:

bloomberg.com

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To: humble1 who wrote (8799)8/26/2012 2:57:11 PM
From: Joseph Silent
   of 40104
 
H1: If this support holds I expect that we will see 1460 (approx) before very much else occurs.

I expected to hit 1440 approx earlier, but this correction before getting there suggests we will go a little higher. After that target we should have another correction.

Time has a way of settling all such crazy conjectures.

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From: zman698/26/2012 6:57:07 PM
   of 40104
 
telegraph.co.uk

Pump it up! ;)

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From: zman698/27/2012 8:38:24 AM
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Evans is right on the money. Let's hope that Bernanke is coming around the the same viewpoint...

forexlive.com

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To: zman69 who wrote (8803)8/27/2012 9:03:33 AM
From: humble1
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Z: agreed. it will be interesting to see how the market acts after his speech. i expect nothing really new fwiw, too close to the meeting and there is one more payroll report. hard to know if "the market" expects fireworks. so if wev rally to and through a blah speech we will know he is with evans for next meeting.

interesting times for market groupies ... :)

but they need to keep their mouths shut about 3% inflation. that will scare people, not necessary or helpful! it will make folks think they see something coming. this is where evans gets goofy.

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From: rkchris8/27/2012 11:25:54 AM
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So far, this mornings ES low (1407.25) has held + its cr1407.02 sppt....

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From: zman698/27/2012 1:05:02 PM
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Sounds like Pianalto isn't quite there yet in terms of advocating QE at the September meeting. This is important because she is a good proxy for the ceter of gravity of the committee. I agree with H1 now that it is unlikely that we will get any nod to QE from Bernanke at Jackson Hole on Friday, but we may still get QE at the September meeting IF the September jobs report is weak.

clevelandfed.org

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