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Originally posted by GreenBicMan
Originally posted by disgustedbyhumanity
Today was good. The fact we didn't have an all out crash upon reversal is promising. A breather was in order and today we got it. Now we can resume upwards.
Im thinking the same thing..
Although if it wasnt for that total BS showing of NASDAQ and Goldman which totally killed my FAS.. Im still steaming about FAS
In my house we are split on this.. I still think we see Dow 7500 this week..
I also charted Citi in another "small" breakout even after the way it ended with major resistance around 3 - if it breaks this again with another 1.5 billion volume like we saw today my call on 4-5 shouldnt be far away
[edit on 16-3-2009 by GreenBicMan]
Originally posted by XTC_savedmyLife
Originally posted by Hx3_1963
reply to post by tribewilder
Chinas & Japan doen...the others in the green...hhhmmm...
S&P 500 +5.70 681.60 3/9 11:26pm
Fair Value 676.12 3/9 10:06pm
Difference* +5.48
NASDAQ +7.75 1054.75 3/9 11:26pm
Fair Value 1043.86 3/9 10:06pm
Difference* +10.89
Dow Jones +51.00 6579.00 3/9 11:26pm
I dont know about how many of you guys, but wouldnt that be sweet to wake up to a short-squeeze Tuesday..
I could use a rally of 2000+ points on the dow to loosen things up around here.. I guess since IBM is what now like 10% of the DOW if it jumped 10 pts or so and everything else was up substantially you could see a wild market..
But that could be wishful thinking.. but if it was with a monsterous volume we could start seeing a lot of things going our way for once
AIG will repay taxpayers for bonuses, Geithner says
Geithner said AIG will pay the Treasury an amount equal to the payments, and the Treasury will deduct that amount from the $30 billion in government assistance that will soon go to the company.
Citigroup Inc.'s chief economist is leaving the company for a job at the Treasury Department, according to an internal Citigroup memo.
Lewis Alexander, who has been at Citigroup since 1999 and before that worked at the Federal Reserve, will head to the Treasury "to work on domestic financial issues," said the Citigroup memo, which was sent Tuesday.
According to a government official, Mr. Alexander will be a counselor to Treasury Secretary Timothy Geithner. Mr. Alexander and a Treasury spokesman weren't available to comment Tuesday. A Citigroup spokesman declined to elaborate on the company's memo.
Originally posted by redhatty
GreenBicMan, why is it no matter how we try to explain it to you, that it will not compute with you that this is a MARKET DATA thread, not a trading advice thread or personal trading log.
I know you are having fun, but giving trading advise without being licensed to do so can get you in trouble - and not only with the Mods.
Please take a moment to think about what you are doing here before it comes back to hurt you or ATS.
Now on to more news updates:
How ya like this one -
Citi Losing Economist to Treasury
Yeah those Citi economists have done them so well, that the US now owns the bank, so let's get them in the Treasury to keep running the bank???
Citigroup Inc.'s chief economist is leaving the company for a job at the Treasury Department, according to an internal Citigroup memo.
Lewis Alexander, who has been at Citigroup since 1999 and before that worked at the Federal Reserve, will head to the Treasury "to work on domestic financial issues," said the Citigroup memo, which was sent Tuesday.
According to a government official, Mr. Alexander will be a counselor to Treasury Secretary Timothy Geithner. Mr. Alexander and a Treasury spokesman weren't available to comment Tuesday. A Citigroup spokesman declined to elaborate on the company's memo.
Full story at link