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I would tend to agree. The comments on this thread are absurd, yet entertaining . . . As if Bernanke is trading S&P's. By the way, if you have a problem with the dollar, talk to George Bush. He's been great at running huge DEFICITS for years . . . Bernanke just got here. :p

He seems thoroughly and unequivocally confused.

I had this problem ( for the first time ) on my 4 year old Dell Dimension about a month ago. I have a killer aftermarket PSU made by PCPower & Cooling. I tested it with one of their testers, and it was fine. I then pulled-out my memory sticks of RAM and re-inserted them, because sometimes...

On the NYMEX where 90% of the trading is in spreads, the locals look at historical relationships that are displayed visually via charts and more often than not will also apply technical analysis to those charts. Even the quickest of "scalpers" on the CBOT or CME will take a look at where...

Put it this way . . . What do you think the traders known as "locals" in the commodity pits of the NYMEX, NYBOT, CBOT, or CME use in some of the buy/sell decisions that they make during the day?

1523.55 ( December High ) - 1435.60 ( December Low ) = 87.95 points 87.95 x 1.382 ( fibonacci ) = 121.54 Subtract 121.54 from the 1498.85 December 26th High and you get a potential target for a low at: 1377.31

One of the greatest posts on ET in the last year, bar none.

For those that believe in "conspiracy" theories . . . We suspect that most persons aware of, but not familiar with, program trading might assume that hedge funds and index arbitrage are driving forces behind program trading. The data reported by the NYSE negates this commonly held viewpoint...

With all due respect, your comments are rather naive. It doesn't matter whether a market was PUSHED down or PUSHED up by program trading. Program trading accounts for over 60% of the volume in the markets anyway. You appear to place a lot of weight on the SPEED at which a market makes it...

Most of ET has no clue when it comes to even the simplest of technicals . . . Moreover, as someone that used to provide a very aggressive Equity Derivatives Desk of a major I-Bank a technical "note" each and every morning to the #2 equity derivatives trader, I can tell you that more often...

Going BALLISTIC!!! NOC, LMT, GD, and LLL. :)

Watch the FINANCIALS. They keyed the rally today!

Your thread entitled "Here Is The Reason For the Sell-Off" was a bit late for those of us that trade/scalp in real-time. Hence, my comment that it was "old" news. As for AT&T specifically, I believe that consumers only account for less than 20% of AT&T's revenue.

You have no idea what you are talking about. Bernanke and the other Fed governors are so afraid of INFLATION that they have been doing everything BUT PERMANENTLY adding money into the system. Those sexy little "auctions" that they have been conducting for all of the commercial banks just a...

Old news. CEO Stephenson announced slowing consumer sales in Phoenix at a conference. Came out around 2:30 PM EST.

If ET is as good of a "contrary" indicator as I think it is, we are probably getting close to a pretty trade-able low, starting at the 1370 area. :D

Intra-Day . . . AT&T vs SPX http://finance.yahoo.com/q/bc?t=1d&s=T&l=on&z=m&q=l&c=&c=%5EGSPC

Guess the AT&T CEO Randall Stephenson ( at a conference in Phoenix talking about its consumer business experiencing softness due to slower economic growth ) which lead to this afternoon's sell-off didn't know about Rennick's "Crystal Ball". :eek:

Looks like Mup's chart ( pw223259-53 ) is right on the money!

Financials just getting creamed today. Not good for the Bulls.