Friday, November 12, 2010
Submitted to Accepted Ratio
The POMO submitted:accepted ratio came in at 4 which is in line with past operations median close. This has shown in the past to close the market higher. This is where we really want to watch today to see if QE2 is any different then QE1 or QE lite. Judging from the last set of positive divergences it doesn't look to be different, but looking deeper, the 5 min charts on all of those positive divergences have not caught up yet, most are still in line with the downtrend or negative still.
6 comments:
Thanks Brandt, keep us upt to date on the 5 min if you will. Today might be a key day to determine a short term direction of POMO. TZA just broke to the upside of it recen trading range. Let's see if this was the head fake for a move down.
Odd, has the FED decided to short the market into POMO and take away money from the Front Runners. Action is looking a bit odd. Maybe still early.
Just updated, this is what I've been saying, watch this QE for differences, it may not be the same. CNBC is pumping the "greater fool theory" they may very well have gone short.
Money can be made in both directions. Even the FED has to understand that.
ZSL-short silver is on fire. Still don't know if I would catch this trade though.
ZSL has shaped up very quickly on 3C, there's an intraday pullback coming
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