leovirgo said:WASHINGTON (Dow Jones)--Economic activity "continued to expand" in most of the U.S. Federal Reserve's 12 regional districts in January and February and employment strengthened, but labor costs and retail prices remained under control, the Federal Reserve said Wednesday.
According to the Fed's Beige Book, a summary of economic activity prepared for use at the central bank's next Federal Open Market Committee meeting on March 27 and 28, most districts described the expansion as "moderate or steady."
San Francisco and Dallas reported robust activity, while Richmond, Va., and Philadelphia reported more moderate gains.
The Fed said that business contacts "generally reported ongoing input cost pressures," with energy prices "mentioned frequently."
However, those pressures didn't appear to spill over into consumer prices, with the Fed stating that "prices at the retail level increased at only a moderate rate."
Just closed an intra day long at 11202 for 40 points, only because I don't like being amongst the first into new territory and all this talk of shorting is making me nervous but not confident enough to short myself.. gonna have a beer instead and wait for tomorrow.counter_violent said:Not one mention of anybody actually in a long trade here ....it's incredible is'nt it.......every bit of evidence says long ....and the reaction to it ........everybody trying to pick the top .........this is simply an observation .......i have no idea what traders are looking for here....but clearly whatever it is is'nt working
C V
CJIA said:It's nice to be at the top you can see all the way down.
Mom, I hope you have multiple accounts. Access to CFD and/or direct-access futures or covered warrants in addition to SB a/cs are essential for those who want to pick tops and bottoms. By that, one can have a major position in place while enjoying the freedom to scalp out of short-term swings. cheers.mombasa said:I hope u're right 'cos I'm gonna be shorting this ba^%*rd all the way down !!
oh my god !!!
leovirgo said:Mom, I hope you have multiple accounts. Access to CFD and/or direct-access futures or covered warrants in addition to SB a/cs are essential for those who want to pick tops and bottoms. By that, one can have a major position in place while enjoying the freedom to scalp out of short-term swings. cheers.