No... look at the range, from 2.75% to 5.5% on that day. It's not always easy to pinpoint exactly 4.25%. The NY Fed trading desk tries, but it's easy to overshoot one way or the other. In this environment they might err on the low (rate) side.
(Thunderdog, don't take offense)
JJ, thanks for bringing this to my attention - found the good stuff on pg 5 of the thread. I glanced at that thread a long time ago and never got past page 2 - thought it was pretty stupid like most of the content on ET. :D
I was reading in BW recently about all the Americans retiring in Costa Rica. They did mention a few other popular places like BA. I am in New Jersey but will be moving soon. Haven't really thought about moving out of the US though I have lived in Asia.
(When I first saw that pic of a...
I am not 100% sure which formations you guys are talking about. I saw a double top formed late Friday when NQ touched 2231 after the close. The DT was firmly rejected as NQ pulled back almost 10 pts from that DT on Friday. This morning's low of 2193 was 1 tic higher than Friday's low of...
Anek, please don't feed the trolls. It just detracts from the thread. Let people vote by either participating positively in the thread or post elsewhere in ET - there are certainly many other places to spew negativity.
We shall see. If Ben & Co wish to avoid the situation you described they will have to give a few speeches during the inter meeting period and make it very clear that they intend to take a break from rate cutting.
When I wake up and turn the screens on and I see ES is up 7 points (on 48k volume) and NQ is up 10 points (on less than 5000 volume!!) is there a good source of info that would at least give me an excuse for why the futures are "indicating a higher open" ? yada yada Europe is higher, I...
venturerider2, Good luck in your trading! I think the best way to answer your questions is to call firms and ask them directly. The answer will likely vary from firm to firm. Somewhere on this forum is a thread that contains a list (with links) of so-called prop firms, although many of...
Thanks for your replies! My computer is a Dell Dimension 2400. It was very inexpensive. I am not sure exactly which Pentium chip it has. Came with 256k RAM. I added 1 GIG of RAM that I purchased from Crucial, so now have 1.25 GB total RAM. I also added a video card that runs 2 monitors...
My existing computer is just not up to the demands of Tradestation. It freezes up whenever the market gets active. It is a $300 Dell box with 256K RAM that I added 1GIG crucial memory and upgraded the video card to handle 2 monitors.
I want to get a new computer that will only be used for...
I am a bit paranoid about today. Not so worried about the market per se. More worried that today would be a good day (from an Al Qaeda point of view) symbolically to bring the capitalist system down via a major attack of some kind. The recent UST flight to quality has also made me edgy...
I bought COP recently for a trade and it seems to have an odd correlation with the NASDAQ of all things. Haven't run numbers to see if it is real.
:confused: