4 replies to this topic

[iloli way]

Continues from Part 3&4:

Bulls need BO both roofs, I won't chase the BO if indeed one was created, until maybe successfully tested to 'trade between lines', but primary still short every line-rejection until new highs debunk the plan.

Watch those lines... in futes, cash market is picture with masked, broken pixels.

This post has been edited by I Lo Li 愛樂利: Jul 9 2013, 01:55 PM

CAN'T STOP THIS TOPIC UNTIL ONE OF TWO HAPPENED: TOP IS IN; OR MONTHLY TL IS BO'ed.

[iloli way]

I'd posted SPX Cash monthly/weekly in part 4, here's the futures monthly:

Wow, precision lines too.

[iloli way]

Epicenters are where/when Fed moves, proven in first chart. I wish it wasn't like that, want my TA purity back, but NO he said. Will follow up the top chart when lip-services (with hair on a man's chin, cheeks, and throat, like it or not ) served again... sigh.

[iloli way]

Will follow up the top chart when lip-services (with hair on a man's chin, cheeks, and throat, like it or not laugh.gif) served again... sigh.

Oop something come up, i'm done posting, follow what not yourself, lines are there...

[iloli way]

One more for the road, in quote is something i wanted to post last week but only saved in my draft, maybe it's even better time to post now. It's so sad that markets have to tie our trust/no-trust onto ONE PERSON!

SchizomaniK KlaritY

I gathered these from various readings after BBBombshell, now I am much more clearer, I can BUY! BUY! BUY! without a doubt . (the truth: as a stockholder, I am frightened by my safeguard's bipolar SchizomaniK performances in their public communiques... maybe I need to be in the same wacko mentality to make sense and money now...)



Thought to share to help you too.



Early in the Q&A when asked whether, with the benefit of hindsight, he would have done the press conference differently he answered no. He was willing to stem the risk taking behavior to avoid a larger problem in the future. "…where we don't provide any information -- it's very likely that more highly levered, risk-taking positions might build up, reflecting, again, some expectation of an infinite -- infinite Asset Purchase Program."

Some officials have raised concerns that the program, by pushing borrow costs and returns so low, may be fueling excessive risk taking. Such concerns have diminished in recent weeks as investor reaction to signals the Fed could soon start winding down the bond program has flushed out some of the excesses that were worrying certain policy makers.

A summary of economic projections provided alongside the minutes, which offered views from all 19 top Fed officials - both voting and non-voting - showed that one thought the asset purchase program should end right away, while about half of the others felt it should be shuttered by late this year.

"We are not sure how you can go from ‘many' needing to see labor gains before tapering begins to half seeing bond buying ending by year end. At the same time, ‘many' other Fed officials saw bond buying into 2014," said Adrian Miller of GMP Securities. "We are pretty good at math, but we are having trouble adding up the ‘many,' ‘several' and ‘about half' to equal 100 percent."

The government report on U.S. employment for June showed a robust gain of 195,000 jobs for the month and upward revisions to prior months. The jobless rate was steady at 7.6 percent. Economists said this improvement would likely keep the central bank on course to trim its bond purchases at its meeting in September.

Bernanke began with a spoiler alert that he would leave any observations about current policy to an audience question-and-answer session at the end of his speech, as well as to two days of congressional testimony that he will deliver next week. Bernanke is to address the House of Representatives Financial Services Committee on July 17 and the Senate Banking Committee on July 18.

In a sweeping description of how the Fed has evolved since its creation by Congress in 1913, Bernanke noted that the prolonged period of low inflation and steady growth between 1984 and 2007, dubbed the Great Moderation, may have contributed to excess risk-taking that led to the subsequent crisis. "The idea that this long period of calm lulled investors, financial firms and financial regulators into paying insufficient attention to building risks must have some truth in it," he said. But that does not mean policy makers should not strive for economic stability.
"Rather, the right conclusion is that even in—or perhaps, especially in—stable and prosperous times, monetary policy makers and financial regulators should regard safeguarding financial stability to be of equal importance as—indeed, a necessary prerequisite for—maintaining macroeconomic stability," he said.