Wednesday, March 18, 2009

"Is this Just a Bernanke Bubble or Something Bigger?"
2D, 15m. - Mar. 18th. - Today was a Fed Bubble day with a dramatic response to the announcement that they (the Fed) would buy up to 1 Trillion Dollars of US Treasury Bonds & Morgage Securities.  Whose money is this?  The market responded dramatically.  Sounds like another bailout to me and this time the Fed is bailing out the United States of America.  If I am wrong on this please let me know.  Looks like "Funny Money" to me.
5D, 30m. - Mar. 18th. - The range remained within the Windsock which I now find very helpful to use along with the Swing Potato Theme.  The Bull Potato is preserved by another whopping commitment of money to shore up a problem racked economy.  Technically notice how the market activity remained within the Windsock going from bottom to top.  It even bounced off the top and retreated.  The Windsock which is a trend channel of the Bull/Bear Potato swing has proven helpful in making good trades and avoiding bad ones.  Comments on this are welcome.
10D, 60m. - Mar. 18th. - Bull Potato Day 7 -  The Fed move today help support the Bull Potato well above all Moving Averages.  The Windsock is up and everything is looking great.  This might be a time to expect a little rest.
3M, Daily - Mar. 18th. - Seventh Day of the Bull.  The Daily is approaching the 50 Day MA which has often proven significant resistance but once breached can turn into significant support of a further move to the upside.  Tomorrow, as always, will prove interesting.

Potato Trader