S&P daily pivots and break-down & up Targets

----- Original Message -----
From: Federal Reserve Bank of New York
Sent: Tuesday, September 16, 2008 8:15 AM
Subject: Operating Policy: Statement Regarding Open Market Operation

Statement Regarding Open Market Operation
Shortly, the Desk will arrange a large over-night repo. The Desk stands ready to arrange further operations later in the day, as needed.
In addition, at around 9:30 am the Desk will conduct its typical Tuesday morning $20 billion, 28-day single-tranche repo, settling
1-day forward.

Just got this from FED, they will add as much as needed I guess
 
Sent: Tuesday, September 16, 2008 8:26 AM
Subject: Temporary OMO: Fed adds $50 billion with overnight RP

They just put in $50 billion

To implement monetary policy, short-term repurchase and reverse repurchase agreements are used to temporarily affect the size of the Federal Reserve System's portfolio and influence day-to-day trading in the federal funds market.


Deal Date: Tuesday, September 16, 2008
Delivery Date: Tuesday, September 16, 2008
Maturity Date: Wednesday, September 17, 2008
Type of Operation1: Repo
Settlement: Same Day
Term of Operation2: 1 Day
Operation Close Time: 08:20 AM

THEY ARE GOING TO NEED IT


:eek: :eek: :eek: :eek: :eek:
 
JB: As you know I "swing" trade many contracts - about 3 per 35k and my signals have proven for many, many, many years - but with Fed shenanigans, late-stage bull market "froth" and this CRAZY volatility - I have to stick to my calls despite trade DD.

So yeah my SHORTS are profiting immensely since I milked every point from the recent top <i>all the way</i> to the lows. I also stick to my leverage schedule - which is on the lighter side of the range when SHORT and with increased volatility - so I am NOT GONNA BE A HERO, lol.

That being said - I am now seeing (with you gone yesterday) that your calculations have proven an accuracy that I feel I need them as a secondary indicator when adding or taking of contracts.

What I really am saying is - I was monitoring the futures Sun until the close yesterday and when I got to my monitor this morning the lower target. . .I missed.

:p

Regards,

Paysense
 
You know the traders on the floor are spreading the rumors
causing the wide swings in the markets

Please trade careful

I know you swing trade, so I will send you some Pepto Bismol

Easer for shorter term traders, actualy been really good

Just remember we spiked on vix

we went and made lower lows anyway but was short term
low
 
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