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Islander
When the ship is foundering, the crew takes to the lifeboats, but not the rats too.
Is this a signal of some sort?

Former Naval Person, Islander dry.gif
milbank
QUOTE (Islander @ Jun 30 2011, 04:30 PM) *
When the ship is foundering, the crew takes to the lifeboats, but not the rats too.
Is this a signal of some sort?

Former Naval Person, Islander dry.gif


Source?
Chilidawgz
Geithner mulling departing post
fib_1618
And he will be replaced by Jamie Dimon.

Fib
SemiBizz
Getting out just ahead of the US Sovereign Downgrade.

Who wants to be captain of that ship?

laugh.gif
fib_1618
QUOTE
Getting out just ahead of the US Sovereign Downgrade.

Who wants to be captain of that ship?

Gee, I don't know, but I do find it intriguing that Geithner was in charge of the New York Fed during the Bear Stearns and Lehman Brothers collapse, wasn't he?

Good riddance...the sooner the better.

Fib
Rogerdodger
It's "The Circle Of Life" as he heads to GS! laugh.gif ohmy.gif dry.gif mad.gif

Instead of prison.
QUOTE
He paid some of the taxes after being audited by the Internal Revenue Service and didn’t pay the rest until it was clear that he would be nominated for the Treasury post, according to the Senate Finance Committee.

Let me or you try that one.


GEITHNER WANTS OUT


Geithner Oversaw Largest Debt Increase Of Any Treasury Sec. In History...

GREENSPAN: Fed's Massive Stimulus Program Had Little Impact on Economy...
DrSP
I fail to understand how a private bank CEO like Dimon is being allowed to work for New York Fed. Both are conflicting positions. Although we know that the Feds stoop to the bank, this one is too direct. I hadn't voiced this opinion because I think we never had a discussion on this topic.
arbman
Nice joke Dr SP, you should also start talking about public service and national interests, and the bankers in the same sentence... Those are the best... Alright maybe, Larry Summers and Harvard economics... I cannot decide which one is more hilarious... After all, none of them can be true, tell me they aren't...
NAV
QUOTE (DrSP @ Jun 30 2011, 05:04 PM) *
I fail to understand how a private bank CEO like Dimon is being allowed to work for New York Fed. Both are conflicting positions. Although we know that the Feds stoop to the bank, this one is too direct. I hadn't voiced this opinion because I think we never had a discussion on this topic.


The Ivy league boys...the Fed...the Bankers...the Treasury....It's a racket !
IYB
I went through and double checked my Seven Sentinels, Four Friends, hourly indicators, context stuff, and I just could not find Geithner in any of them, so.....I guess I just don't care what Timothy does or doesn't do. rolleyes.gif smile.gif
NAV
QUOTE (IYB @ Jun 30 2011, 09:35 PM) *
I went through and double checked my Seven Sentinels, Four Friends, hourly indicators, context stuff, and I just could not find Geithner in any of them, so.....I guess I just don't care what Timothy does or doesn't do. rolleyes.gif smile.gif


Same here. My simple price based buy signal from June 21, remains on a buy. wink.gif

http://www.traders-talk.com/mb2/index.php?...=131869&hl=
IndexTrader
QUOTE (NAV @ Jul 1 2011, 01:43 AM) *
QUOTE (IYB @ Jun 30 2011, 09:35 PM) *
I went through and double checked my Seven Sentinels, Four Friends, hourly indicators, context stuff, and I just could not find Geithner in any of them, so.....I guess I just don't care what Timothy does or doesn't do. rolleyes.gif smile.gif


Same here. My simple price based buy signal from June 21, remains on a buy. wink.gif

http://www.traders-talk.com/mb2/index.php?...=131869&hl=


I thought your buy signal was invalidated when we went back down under 1278?

http://www.traders-talk.com/mb2/index.php?...=131854&hl=

IT
NAV
QUOTE (IndexTrader @ Jul 1 2011, 06:18 AM) *
QUOTE (NAV @ Jul 1 2011, 01:43 AM) *
QUOTE (IYB @ Jun 30 2011, 09:35 PM) *
I went through and double checked my Seven Sentinels, Four Friends, hourly indicators, context stuff, and I just could not find Geithner in any of them, so.....I guess I just don't care what Timothy does or doesn't do. rolleyes.gif smile.gif


Same here. My simple price based buy signal from June 21, remains on a buy. wink.gif

http://www.traders-talk.com/mb2/index.php?...=131869&hl=


I thought your buy signal was invalidated when we went back down under 1278?

http://www.traders-talk.com/mb2/index.php?...=131854&hl=

IT


1278 was the stop loss for any long trades. Signal does not change until the prior swing lows gets violated. I will update when the next sell signal shows up.
IndexTrader
QUOTE (NAV @ Jul 1 2011, 09:08 AM) *
QUOTE (IndexTrader @ Jul 1 2011, 06:18 AM) *
QUOTE (NAV @ Jul 1 2011, 01:43 AM) *
QUOTE (IYB @ Jun 30 2011, 09:35 PM) *
I went through and double checked my Seven Sentinels, Four Friends, hourly indicators, context stuff, and I just could not find Geithner in any of them, so.....I guess I just don't care what Timothy does or doesn't do. rolleyes.gif smile.gif


Same here. My simple price based buy signal from June 21, remains on a buy. wink.gif

http://www.traders-talk.com/mb2/index.php?...=131869&hl=


I thought your buy signal was invalidated when we went back down under 1278?

http://www.traders-talk.com/mb2/index.php?...=131854&hl=

IT


1278 was the stop loss for any long trades. Signal does not change until the prior swing lows gets violated. I will update when the next sell signal shows up.


From the way you phrased that there was no way to have known that. The SPX moved perhaps 30+ points against the signal.

IT
NAV
QUOTE (IndexTrader @ Jul 1 2011, 07:20 AM) *
QUOTE (NAV @ Jul 1 2011, 09:08 AM) *
QUOTE (IndexTrader @ Jul 1 2011, 06:18 AM) *
QUOTE (NAV @ Jul 1 2011, 01:43 AM) *
QUOTE (IYB @ Jun 30 2011, 09:35 PM) *
I went through and double checked my Seven Sentinels, Four Friends, hourly indicators, context stuff, and I just could not find Geithner in any of them, so.....I guess I just don't care what Timothy does or doesn't do. rolleyes.gif smile.gif


Same here. My simple price based buy signal from June 21, remains on a buy. wink.gif

http://www.traders-talk.com/mb2/index.php?...=131869&hl=


I thought your buy signal was invalidated when we went back down under 1278?

http://www.traders-talk.com/mb2/index.php?...=131854&hl=

IT


1278 was the stop loss for any long trades. Signal does not change until the prior swing lows gets violated. I will update when the next sell signal shows up.


From the way you phrased that there was no way to have known that. The SPX moved perhaps 30+ points against the signal.

IT


Yes, it was not correctly phrased. For change in signal my swing low/high has to be violated or the signal has to turn. Had it happened, i would have updated it, as always.

Yes it moved 30 points against the signal, which does not mean anything other than the huge volatility in the market place. If you read my other post, i clearly mentioned avoiding the trap of getting caught near top when the signal was generated and to buy the dips. Anyway that's a trade management issue. It has got nothing to do with the signal per se. A buy signal means buy-the-dip context. A sell signal means sell-the-rallies context.


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