Saturday, December 15, 2012

Nemo's Findings week of 12/16/2012

ATTENTION: Trading Room is going to be on autopilot till Dec 26. All current trialers are welcome to stay and communicate with room members.  All new trials will be granted after Dec 26. All orders requiring hard copy shipping submitted between Dec 16 and Dec 26 will be shipped after Dec 27. 111 TRADES and A TAOIST TRADER online courses access will be granted as usual, with no delay.

Just to let you know, no update next two weeks....gonna' be a bit screwy with the silly season upon us.  Longer term pivots will likely be ephemeral in effect.  If you're trading the daily pivots, and perhaps the weekly pivots will have some effect, but in the reduced volumes the probability of being algo bait is much greater.  Anyway, the week that was:




The "economic" news was, at worst positive, yet the market sold off after "The Bearded One"  announced the Fed would purchase additional MBS equal to the amount  of the terminating Operation Twist.  So we now have, in the parlance of @Shaq48 (the immortal trader...Jeff Davis)  The Buzz Lightyear Easing, "from infinity and beyond!"  The Fed will buy until they have met their new mandate of lower unemployment...this is big in Fed parlance folks.  The Fed was always pretty much only concerned with protecting the currency, they are concerned with this new parameter.  This moves the Fed deeper into the web of the political equation, and frankly, may give politicians another party to blame for their folderol.

Anyway, the week that is: