ES Journal - 2014

[ammo]

if that cleave breaks as supp, there is a ledge below at 10-11,also price level on a line chart

 

[wiesman02]

I think they should humor me with a double bottom at 13.50 ish and rip it back up

 

[ammo]

not sure ebenezzer scraachs has it in his plans today but a small dist pattern setting up for a drop to 07

 

[tortoise]

I hesitate to say this but I just had a swing short triggered...

 

[wiesman02]

not sure ebenezzer scraachs has it in his plans today but a small dist pattern setting up for a drop to 07

I highly doubt it as well. PA isn't setting up well for it

 

[wiesman02]

I hesitate to say this but I just had a swing short triggered...

They tend to be less stressful when u just close your eyes after placing the trade

 

[tortoise]

They tend to be less stressful when u just close your eyes after placing the trade

lol. ain't it the truth,,,

 

[Builder17]

looks like back to 21

 

[ammo]

Originally Posted by ammo View Post
sh 22 25................. add 23

reduced 13 5

put these back out 17 5

 

[drownpruf]

Just a note, QE is not really money printing. Strictly speaking, it involves printing money, but at the same time, something very near money is being withdrawn from the private sector; government debt w/ near maturity. That is essentially indistinguishable from money. So called "private sector net financial assets" as the MMTers call it, is not increasing. However the low rates caused by the fed could result in inflation, but it seems in check at this point. If timed right, this could work very well in the short term and have no net effect in the long term.

What do you think they're buying? Mostly Ts? Not.

They're buying MBS (and to a lesser extent, treasuries). And the MBS are being bot by the Fed at prices that would never trade in a competitive mkt.