Monday, February 08, 2010

Good slow Monday morning…



Slow on the futures front this morning.

/ES overnight almost hit Daily Range Projection High, slightly down pre market, main market direction has not changed …yet – still DOWN (Due to Wave 4 on daily being playing magic trick all the second half of Friday – on and off, on and off that bounce was no “magical reversal”, but as discussed in the video at above link – just computer trying to be super smart and super ahead of the game - “Oh my, w4 competed – lets move on to w5” – oh NO, no yet, no Sir.


Even slower on economic front today – nothing to see at all.


Few actions today:

4-Week Bill Announcement
11:00 AM ET

3-Month Bill Auction
11:30 AM ET

6-Month Bill Auction
11:30 AM ET


Asia down 0.5-1.5%, Europe is down 1-2%, but we don’t care about them – do we? Otherwise why would we steal word “football” (just like famous “smiley face”) and use it for misinterpreted gladiators’ match?  Entire civilized world means nothing to us?  Vanity…my favorite sin.

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