The ACD Method

http://www.bloomberg.com/news/2012-...res-little-changed-ahead-of-boj-decision.html

Mr. Maverick has probably been all over the above for the last 10 days.
Price action seems my only course as I just see this now in regards to JPY.

I interpret ES action today as an Aup that reversed to the bottom of the opening range. I would assign this -1 for
the 5 day number line. Does anyone see ES as a failed Aup today?


Maybe there is more upside to that King if sentiment is poor toward Alcoa
tommorrow evening and/or the 50day ma in SPY doesnt hold.
Bernanke may get in a QE3 bluff tonight, and all week for that matter,
( he is a chatty guy lately) for the bulls.
 
Quote from eurusdzn:

http://www.bloomberg.com/news/2012-...res-little-changed-ahead-of-boj-decision.html

Mr. Maverick has probably been all over the above for the last 10 days.
Price action seems my only course as I just see this now in regards to JPY.

I interpret ES action today as an Aup that reversed to the bottom of the opening range. I would assign this -1 for
the 5 day number line. Does anyone see ES as a failed Aup today?


Maybe there is more upside to that King if sentiment is poor toward Alcoa
tommorrow evening and/or the 50day ma in SPY doesnt hold.
Bernanke may get in a QE3 bluff tonight, and all week for that matter,
( he is a chatty guy lately) for the bulls.
More...

Regarding Bernanke:

The Fed tweeted this today, (found it oddly out of place). Kinda seemed like justification for not commencing with further easing... just yet anyway, (it's probably coming eventually):

http://www.federalreserve.gov/faqs/money_12848.htm

Curious as to what others think
 
I wonder if QE3 is already baked in to a large degree because it has been "out there"
for so long. It may become common QE6,7 etc.. as each time it is
different. "Non-infationary, sterilized, repo" google these as I dont understand them .
But the market is definitely not shrugging off the fed recently or ever.

Most journalists beleive they cant do another mortgage backed security purchase
or a long bond purchase from our banks because that is inflationary : bonds for cash swap.
But I think they would if there is any chance of deflation/crisis.

I think rising yeilds were a problem for the Fed as they are doing twist, pledging 2014
and saying it is for a housing recovery. Of course it is good for the 1.6T deficit also. 3.5% yeilds would
be tough for us.

The jobs report squashed rising yeilds for now and is creating an "ok"
message for QE as inflation expectations are being lowered by the
bond market.

I think the fed will manage the downside and "err" on the side of inflation .
Will the market react as it did to QE2?
Will we be in the middle of something bad(PIIGS) when they announce?

Maybe until we become jaded by QE's the market will continue to treat QE as one big risk on trade,
and reverse huge overnight. That will be my bet if we are down hard.
What will be "new" is if they do something non-inflationary during a low
volatility period. Does the market pop and run?...
 
Just wanted to point out some strong number lines.

On the monthly:

XLY +8

XRT +6

And TBT +5 with Bonds approaching key resistance levels on the weekly, monthly and QTR.

XLY is being led by strength in MCD, NKE and HD.

And XRT is being led by PCLN making new all time highs.
 
Quote from Maverick74:

Just wanted to point out some strong number lines.

On the monthly:

XLY +8

XRT +6

And TBT +5 with Bonds approaching key resistance levels on the weekly, monthly and QTR.

XLY is being led by strength in MCD, NKE and HD.

And XRT is being led by PCLN making new all time highs.
More...

I thought we had a confirmed Monthly A down today though Mav? Are you thinking the strong will keep going a la AAPL?

Thanks in advance,
 
Quote from Quon:

I thought we had a confirmed Monthly A down today though Mav? Are you thinking the strong will keep going a la AAPL?

Thanks in advance,
More...

Dislocations Quon, dislocations! As I have stated before, this market could head lower with stocks like AAPL and PCLN going higher. So the broad markets do look weak but there are some sectors showing some solid strength.
 
Quote from Maverick74:

Dislocations Quon, dislocations! As I have stated before, this market could head lower with stocks like AAPL and PCLN going higher. So the broad markets do look weak but there are some sectors showing some solid strength.
More...

Ok, great, I was going to say, it's too bad we had the move lower in the ES given some of the nice setups to the upside so far this month.

Thanks Mav, good to know.
 
Watch this LVS as well. Also breaking out to 52 week highs. Confirmed weekly A up and right above the monthly looking to confirm tomorrow. Watch out for the QTR at 62 right over head.

chart.ashx
 
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