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we didnt do so good against the yanks - go dodgers tonight!
cowboys have a bye week so i'l check out the pooch killer against the raiders
tuff decision leaving HB but the profit on selling the house we bot in 1967 near warner and slater was too much to turn down - paid 21,995 back then, im sure you can just imagine what it went for 4 years ago - easy street now
I have started to see more and more post on the Hindenburg Omen. I am by no means an expert on it but it does match up with what I am starting to see.
Late Friday I posted a possible Low today for ES in the High 60's. That is out the window with the 13 point move over night. So no prediction from me this morning. Will just watch it to see of the NY Dogs honor or reject the move.
Much longer term I will be watching very closely the 1120-25 and 1163-67 area IF (BIG IF) it even gets to these areas.
i read this article over the weekend but now i forget where i read it , heres what i copied;
Financial markets have never been more manipulated then it is today. The FED uses all types of "stabilization techniques" to skew the market upward and distort the business cycle.
This has the desired effect of (extending) booms and (delaying & prolonging) busts through excessive monetary stimulation (= creating x-trillion of digital money).
How? One of the most obvious ways the Fed artifice does this today is through the option market. Through selling puts and buying calls at a prescribed time (3:00-4:00 EST) through all the major brokerages and with great volume and gusto, this action is like the old "front-running" games played (and still play).
In other words, if you are a commercial firm and the market sells down to a given level and that "level" or "support" is defended with massive infusions of option activity. this "invisible hand" activity becomes the impetus (the signal) for a momentum trade whereby you (as a commercial firm or savy speculator) ride the coat-tails of this new "liquidity" upward.
all i know is that i did some horse trading this morn and now i plan on enjoying the rest of the day - red arrows is where i sold and blue arrows is where i bot em back