350zCommtech's Account Talk

EFA at the 100 SMA as i'm typing this... hopefully this will act as support. UUP had a double tweezer top on the intraday... coinciding with a 2 month double top. Smart play waiting for confirmation on resuming the $ carry trade.

If this turn does hold... man, does that look like a measured manipulated play done to perfection?! If so, it went right down to the wire for EFA breaking the measured bull move and the bearish dollar trade from blowing up. I guess we'll see if those central bankers know their stuff... as for Bill Gross going into a high cash position, do you think that's more telling of a collapse (a la Lehman) or that he wants to be quick to act on the next sector to go north... I think its just a sign of him getting liquid and ready to run in the right direction, whatever it may be?
 
EFA at the 100 SMA as i'm typing this... hopefully this will act as support. UUP had a double tweezer top on the intraday... coinciding with a 2 month double top. Smart play waiting for confirmation on resuming the $ carry trade.

With the big differences between the US markets and the closing of the Europeans, I didn't want to risk a +FV. The dollar is falling now and could continue to fall this afternoon adding to the +FV, only to reverse and head up Sunday night, screwing I funders.

Bond yields appear to want to go down, after the recent run up. Which will put pressure on the market.
 
If this turn does hold... man, does that look like a measured manipulated play done to perfection?! If so, it went right down to the wire for EFA breaking the measured bull move and the bearish dollar trade from blowing up. I guess we'll see if those central bankers know their stuff... as for Bill Gross going into a high cash position, do you think that's more telling of a collapse (a la Lehman) or that he wants to be quick to act on the next sector to go north... I think its just a sign of him getting liquid and ready to run in the right direction, whatever it may be?

I rarely do TA on ETFs as they are just derivatives. I would not take too much out of what the EFA is doing, but that's just me.

As for Bill Gross, he's a bond guy. I would speculate that he has reduced he's holdings of MBS? Which means you might be right about a situation similar to Lehman. He's an insider. One of the pigman. So, do we believe what he is telling us?
 
With the big differences between the US markets and the closing of the Europeans, I didn't want to risk a +FV. The dollar is falling now and could continue to fall this afternoon adding to the +FV, only to reverse and head up Sunday night, screwing I funders.

+FV territory now. :D
 
As for Bill Gross, he's a bond guy. He's an insider. One of the pigman. So, do we believe what he is telling us?

So true, So true. This guy just made a fortune on the taxpayer's dime and sure isn't making society a better place. People who don't understand think he's a smart entrepreneur taking advantage of an advantageous situation. I say the whole crew at Pimco are crooks.

Just give Him and El-Erian the patent to the sentence, "The New Normal", right now and get it over with.
 
So true, So true. This guy just made a fortune on the taxpayer's dime and sure isn't making society a better place. People who don't understand think he's a smart entrepreneur taking advantage of an advantageous situation. I say the whole crew at Pimco are crooks.

Just give Him and El-Erian the patent to the sentence, "The New Normal", right now and get it over with.

Bullitt,

They are all crooks. FDIC, SEC, Pimco, Treasury, GAO, CONgress, FNM, FRE, FED, GS, CITI, etc......etc......you know what I'm talking about.

Madoff was able to run his Ponzi for ten years not because the SEC was stupid, but due to curruption in the SEC and others.

Every F#$%@#%# one of these crooks knew about Enron except for the little people and the employees of Enron.

Pimco buying MBS on the cheap and dumping them off to FNM/FRE at par? He couldn't have done it without the help of Bernanke and Geithner.
 
The dollar and a FVC for Friday is taking a big bite out of the I fund. It's flat to a minimal gain. If the US market ends like this, we could see another +FV tonight.

Not making a move. Just an observation.
 
This looks to me like the usual "vote for Bernanke or the market gets it", kind of threats.

I definitely have to get out of the F fund today. Go to G or the market.

I was thinking of that too. The Bernanake vote. Senate will approve. Possibly cut today's loss in half. F this Market.:worried:
 
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