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Strategies & Market Trends Humble1 and Swing Trading Friends

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To: humble1 who wrote (8831)	8/28/2012 8:48:55 PM
From: Challo Jeregy	of 40854

in these days, and this market, one doesn't have to be "old" to be grumpy . . . -g-

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From: zman69	8/29/2012 8:47:51 AM
	of 40854

"it should be understood that fulfilling our mandate sometimes requires us to go beyond standard monetary policy tools. When markets are fragmented or influenced by irrational fears, our monetary policy signals do not reach citizens evenly across the euro area. We have to fix such blockages to ensure a single monetary policy and therefore price stability for all euro area citizens. This may at times require exceptional measures. But this is our responsibility as the central bank of the euro area as a whole." -Draghi ecb.europa.eu

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To: zman69 who wrote (8834)	8/29/2012 9:03:38 AM
From: humble1	of 40854

Z: Drahi gets it ... we have gone from "irrational exuberance" to "irrational fears" in this cycle. i wonder if he had the greenspan quote in mind and i know it was well before the 3/24/00 spx top, but, intentional or not, it's interesting. the "exceptional measures" is the key, of course. it clears the legal path for the ecb to do lots more within their mandate.

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To: Joseph Silent who wrote (8817)	8/29/2012 9:15:07 AM
From: robert b furman	of 40854

I'd like to see Macd turn up!! Bob

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To: humble1 who wrote (8835)	8/29/2012 9:24:31 AM
From: zman69	of 40854

Very good point on the Draghi hat tip to Greenspan's "irrational exuberance". We truly are at the mirror image of the late 90's when the Sheeple were stampeding into stocks at record high valuations relative to bonds/cash. Now we have the Sheeple bailing out of stocks en masse and into bonds/cash at record NEGATIVE real yields. The link below is a nice illustration of stock/bonds relative valuation. markettrak.com It's truly a "Pessimism Bubble" and it is not a question of if but when it will finally pop.

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From: humble1	8/29/2012 11:23:04 AM
	of 40854

Top Story: "Federal Reserve to Crash the Markets" ... this was the top story at google finance side window when i am posting it. It discusses the crash, 1987 style, and financial armageddon, apparently sometime in the next couple of weeks: etfdailynews.com

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To: robert b furman who wrote (8836)	8/29/2012 11:39:17 AM
From: humble1	of 40854

Bob: you might get your wish. i can see today's low as the end of a wave-c of your irregular flat. the wave-c would start at the 8/27 high and end this morning. we'll know soon! :)

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From: humble1	8/29/2012 1:12:14 PM
	of 40854

Why the surge to SPX 1500 could start any day or even any hour now: finance.yahoo.com This just in!

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To: humble1 who wrote (8840)	8/29/2012 3:06:58 PM
From: Joseph Silent	of 40854

I think we need to get past the blockade at spx 1413--1416. As soon as that happens (probably soon) we are good to go. :)

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To: humble1 who wrote (8840)	8/29/2012 4:13:52 PM
From: llap	of 40854

Full moon 8/31/12 should be a low and time for another rally. Maybe that's what the market is waiting for.

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