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2012/03/30

Bernanke

 
 
Bernanke

amusementpark

After weeks of sleepy, sloppy trading ranges, the market may...I say “MAY”…be coming back to life. The S&P managed a decent 13-point range today however; the majority of the day was in a scant 5 handle range.  
 
During the day I decided to go on a sort of “cyber-fact finding” mission.  I wanted to learn a little more about Ben Bernanke. Other than wreaking havoc on the global economy and bailing out the banks, I wanted to find out what makes Ben Bernanke tick.
 
Believe it or not, during the summers between his semesters at Harvard, Helicopter Ben worked at a Mexican-themed roadside attraction.  It featured an amusement park and a mascot named Pedro.  That’s right; Ben wore a poncho and served up big plates of nachos to tourists.
 
He claimed in a 60-minutes interview that this experience taught him “how to work hard.”  I don’t know why having Ben Bernanke working at an amusement park doesn’t surprise me in the least. It seems so similar to his current job.


Trade well and follow the trend, not the so-called “experts.”

Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banksters.


larrylevin@tradingadvantage.com
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Trading Signals from the Electronic (ES) mini-SP 500
  1. FT sell @ 8:59am at 1390.50 = -1.25 & -1.25 (2 lots)
  2. OTF sell @ 10:23am at 1389.75 = -0.25, +0.50 & +2.00 (3 lots)
  3. Algorithm positions (0)
  4. “Reading the Tape” positions (0) …combined Secret’s, Algo, &   “Reading the Tape” total… -0.25
                Click Here to See Yesterday's Detailed Results
 

 
Value Areas:
ES        1395.25 / 1387.75
POC... 1390.00
YM      13042 / 12980
NQ       2759.75 / 2743.25

 

 
   
 
 

Notes from the Pit

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