ES Journal Archive (2009 - 2010)

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Quote from Pekelo on Friday:

A day like this usually predicts a big move and I am guessing UP on Monday.

It is possible that we still have the dragon pattern in play, ....

If so the new math is 1171+26= 1197 cash for the 3rd top....

Told ya, we did the equivalent of 97 cash overnight and that was a nice shortable top so far....

It is possible we repeat it in RTH, but for all practical purposes, this dragon pattern has played out already....
 
From the WSJ

To build a stronger global financial system, we have agreed to prioritize the following issues on the agenda for the Seoul Summit:

• Welcome and commit to fully implement within the agreed timeframe the new bank capital and liquidity framework drawn up by the Basel Committee and the Governors and Heads Of Supervision.
• Endorsement of the FSB’s recommendations to increase supervisory intensity and effectiveness.
• Endorsement of the policy framework, work processes and timelines proposed by the FSB to mitigate the risks posed by Systemically Important Financial Institutions and address the 'too big-to-fail' problems.
• Commitment to implement all aspects of the G20 financial regulation agenda, in an internationally consistent and non-discriminatory manner, including the commitments on OTC derivatives, compensation practices and accounting standards and FSB principles on reducing reliance on credit rating agencies.
• Further work on macro-prudential policy frameworks, including tools to help mitigate the impact of excessive capital flows; the reflection of the perspective of emerging market economies in financial regulatory reforms, including through increased outreach; commodity derivative markets; shadow banking; and market integrity.
• Pursue our work decisively to tackle Non-Cooperative Jurisdictions.


Central Planning 2.0 (Capitalist approach)
 
Quote from volente_00:

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Looks pretty now
 
Quote from ASusilovic:

Any delay in providing me with my $ 500.000 paycheck will be punished with interest paid on overdraft...:D

Instead of $500.000 pay check, it´s a bit more. Got to run to exchange the toilet paper for EUR or JPY :p
 
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