That is what they call thier Make or Break.  That area encompassing both colors is support.  The vertical black lines are time targets, which I beleive is today.  Who knows, let's see what happens.

Regards,

Ralph

FWIW

Ralph

I may be in the minority, but he sounds a lot better than last time and I think he is doing fairly well so far.

Ralph

I saw that piece but was distracted for a moment.  He mentioned bonds, but I don't know if he was bullish or bearish.

I will say it again.  87 to 91 was the cliff notes version of 2000-2010.  We went through all the same steps.  We had the RTC in 89, good bank, bad bank, the recession in 90.  It took forever for trust to come back to the banks even though there was appreciation ( small).  I coined my phrase "lepracy factor" back then.  If clients would rather talk about having lepracy than buy an asset class, it was time to buy.

I think there will be a stigma on NY banks and leadership will change hands, BAC and WFC may be the new leaders going forward.

This is not investment advice.  I don't know if it make sense at all.  As always DYODD

Ralph

Matt - Thanks for walking us through that trade. 

Ralph

How did that guy stay so fat after 4 years on a desert island?

You sure know how to have fun!  I think we are all playing in a pile of crap today.

Ralph

Prudential guys used to call him Ralph Keep-em-poor-a.  In this business, you are never wrong, just early.

Ralph

"conventional wisdom" is looking for a rebound in the second half.  When earnings start to address the second half, and it looks weaker, I think we will adjust.  Mid April in Q1 earnings season should answer these questions. JM.02.  Until then, we could stay in this trading range.

Ralph

Good news Mr. Homeowner.  America to the rescue.  Your 500k home purchase that is now worth 350k will be bailed out by the taxpayers.  I'm sure that your 500k mortgage is a little hard right now but we will help.  I know you only make 50k, but when the value of your house appreciates, you can flip it!  Life is tough,  but it's tougher when you're stupid!  Unfortunately, I don't know which of us is stupid!

Just amazing timing of the Reuters mortgage news.

We should have an answer of market direction in the next 10 minutes

I think it was back in 2006 that Citi and Wells Fargo were accused of not making enough loans available to marginal borrowers and were going to be sued by the US government.  This is a sham, it's embarassing.

unsane, interesting system.  I am searching tradestation for a way to do it here,  so far, no success.  Keep us posted.

Ralph

To get a consistant 4 pm close in TS, I went to "sessions"' "other sessions" clicked on US stock w/premarket "modify" and eliminated all the premarket sessions, leaving only the daily sessions.  I use this as my default.  It closes all ETFs at 4pm.  Hope thei helps.

Ralph

Just got a note from Barclays and you can now trade the vix long and short with VXX and VYX

http://ipathetn.com/VXX-overview.jsp?c=DOY

http://ipathetn.com/VXZ-overview.jsp?c=DOY

Oh Boy!

Ralph

Dylan - I have a client who owns a lot of ROHand he reads everything related to the deal.  According to him, it will cost A LOT of money for DOW to get out of the deal.  Some of the mistakes the DOW CEO made are laughable.  As always, DYODD

Ralph

Interesting wave count from Advanced Get It shows an Make or Break  in the 67 area with the highest probality of time between 1-26 and 2-13.  Some times, they work out, may times, they don't.

I don't get this guy.  I swear his great,great,great,great,great,great grandfather was Barney Rubble.

Ralph