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Correction from the march lows. Joining us is a chief market technician. Nasdaq, what is the level that we stabilize at . That is a great question. I think rather than looking at the levels, i think it is more about duration. We need more than one or two days of selling to alleviate the excess that we have built up over the last few months. Anybody who has been following the markets, equities seemingly have grind it higher every single day, so there is a lot of excess, a lot of exuberance built into the market. A a day or so of the selling pressure is not going to alleviate that. Where we kindbove of should be, are we . I guess it is the question people are trying to understand. We did push up aggressively, steadily though, but it has taken us above the 50, 100 and 200 Day Moving Averages. We are starting out to get back down to levels closer to the 50 Day Moving Average< ....
Division. At 114 per pound. Not much really you can say. Euro sox reversing. Euro stocks reversing stop euro stocks reversing. Won, ok as far as these are concerned. Korea, crash landing on you. It is amazing how the 10 year right now. Years. Level in 18 7 . T crude down 23 . About rakinglking below 60. Mark, help us put sense into what is happening. Things we were talking about is the process of exposure. N reducing the have been looking at some hard numbers and just in the last three days, bonds and equities are out. Open interest has fallen to the equivalent of 150 billion in the futures market only gives you a snapshot. Withve derivative market 150 billion multiplied several times. That gives you an idea of how much had been going on just in the last few days. That is partly why we are seeing this incredible movement. These movements will add to that picture as well so you can see the move towards cash is really ever. As a Silver L ....
When he throws it up jump up and hands on 3, 2, 1 please rise for the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands one nation under god with liberty and justice for all. President , i would like to take roll call. [ roll call ]. Clerk you have a quorum. Thank you, all. Welcome to the february 12, 2020, meeting. We have a long presentation regarding the budget tonight, so we will have two minutes for Public Comment. With that, we are ready for the first item. Clerk item 1, consent calendar, receive and file action. Sfpd dpa protocol report 4th quarter 2019. Do we have a report on this or this is just to accept . We dont have anyone from the d. P. A. Who can help us . Why dont we skip that item and go to the next item for now. Clerk line item 2, reports to the commission, discussion. 2a, chiefs rep ....