Global Economy Bursting?

[Workbox]

Unemployment falls per BLS. However, the number of people actually in the workforce declined by over 1M.

http://confoundedinterest.wordpress.com/

This pop may indicate to the market that The Bernak may not do QE3 , because the market is supposedly doing good now and may not require QE3. But the same time many may not believe these numbers and start selling off.

All I can state is that SOB Bernak has really screwed those holding shorts. What they may want to do is hit 1350 today......Let them, just get it over with.

We are overbought in this market though.

 

[Workbox]

Unemployment Rate Drops to 8.3%; Payrolls Jump

As I mentioned above my prior post. Plus the bonds did not go up so the market does not believe the job numbers. I'm just waiting for a sell off either today or first thing next week.

The U.S. jobless rate unexpectedly fell in January to the lowest in three years as payrolls climbed more than forecast, casting doubt on the Federal Reserve’s plan to keep interest rates low until late 2014

 

[DTB]

This pop may indicate to the market that The Bernak may not do QE3 , because the market is supposedly doing good now and may not require QE3. But the same time many may not believe these numbers and start selling off.

All I can state is that SOB Bernak has really screwed those holding shorts. What they may want to do is hit 1350 today......Let them, just get it over with.

We are overbought in this market though.

Al,

I was long last night above yesterday's high based on technical analysis. Done and out, hope it hits 1350 and drops for you but I'm not seeing that right now.

Good luck to all!

 

[NORTON]

Al,

I was long last night above yesterday's high based on technical analysis. Done and out, hope it hits 1350 and drops for you but I'm not seeing that right now.

Good luck to all!

wow...u nailed it then, what level were u in at and what time did u exit today?

 

[DTB]

wow...u nailed it then, what level were u in at and what time did u exit today?

In 1327.25 during news release, out 1339 around 9:10 AM (ES Mini)

 

[NORTON]

In 1327.25 during news release, out 1339 around 9:10 AM (ES Mini)

what time of the day was it trading at 1327? what time zone are u in? I thought u had stated u were in last night? if so, were u sleeping on the notion that the jobs number would come in good? I think it closed yesterday at 1322, so did the likelihood of good new news run it up to 1327? and it continued to run after that, or was the news already out? thanks.

 

[Terrel L. Shields]

When inflation finally rears its ugly head and wipes out most of the value of the buck, Bernanke will be powerless to stop it. His targets are meaningless and hopefully, he gets the axe when his term is up.

 

[DTB]

what time of the day was it trading at 1327? what time zone are u in? I thought u had stated u were in last night? if so, were u sleeping on the notion that the jobs number would come in good? I think it closed yesterday at 1322, so did the likelihood of good new news run it up to 1327? and it continued to run after that, or was the news already out? thanks.

Order queued in at EOD yesterday. Triggered around 7:30 AM CST news release. 1327 was yesterday's high for ES mini, close was around 1320 I believe (but had no impact on my setup).

News helped push it, no doubt. If news didn't push it, I wouldn't have been picked up and no harm, no foul.

It was going to go long today (in my mind) and I was set to be picked up on the breakout, nothing fancy.

 

[NORTON]

Order queued in at EOD yesterday. Triggered around 7:30 AM CST news release. 1327 was yesterday's high for ES mini, close was around 1320 I believe (but had no impact on my setup).

News helped push it, no doubt. If news didn't push it, I wouldn't have been picked up and no harm, no foul.

It was going to go long today (in my mind) and I was set to be picked up on the breakout, nothing fancy.

thanks..I wouldn't call 10 point$ nothing fancy!

:new_multi:

 

[DTB]

thanks..I wouldn't call 10 point$ nothing fancy!

:new_multi:

Just be right a couple of more times than wrong each month and one can make a living.

(stop was/is 3.5 points)

:new_multi: