DislikedBrilliant. London was closed and its high season for vacationers so volume being low is just as expected. Too bad the Olympics are over and there are no medals left to award.Ignored
Regards
Bruce
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did oanda just drop its spread for eurusd to 1 pip? 11 replies
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DislikedBrilliant. London was closed and its high season for vacationers so volume being low is just as expected. Too bad the Olympics are over and there are no medals left to award.Ignored
DislikedI speak in English and hope people understand.
I really not post much, been a few years and I "DO NOT" explain as well as others.Ignored
DislikedHead and shoulder formation on H1 chart trying to break the necklineIgnored
DislikedHead and shoulder formation on H1 chart trying to break the necklineIgnored
Now that we have identified the "poster child", let's find a few more... Or sadly, more than a few.
Zions Bancorp
KeyCorp
Fifth Third Bank
Washington Mutual
National City
Regions Financial
General Motor/GMAC
Ford/Ford Motor Credit Co
Wachovia
CitiGroup
Who are in the "Limping but Not Dead Man Walking Crowd"?
These companies would include those that may be 'too big to fail', have enough quality assets to sell, a franchise that is worth something to an acquirer or could just be broken up into pieces. They include:
Summary - This is NOT Shaping Up to be a Pretty Couple of Years
I am certain that I have missed a bunch of names on the "Dead man Walking List", but the pattern is rather easy to discern. As I stated early on, when we have one or two firms in trouble, we can deal with it. But when we add rising unemployment, explosive debt growth in recent years and non-performing assets to many hobbled financial institutions with trillions of dollars of exposure, it is hard not to be concerned.
For this reason, we remain cautious towards credit, expect a hard sell-off in stocks into 2010, consolidation in the financial services industry and some pain, like it or not. I am just not sure where the capital will come from to bail everyone out simultaneously. And even if the capital showed up, it would likely come at a cost that is uneconomic and would likely be dilutive for many years to come.
It is why we expect much lower than consensus earnings across the board and lower stock prices ahead. In the meantime, we sit with our historically cheap GNMA's at the widest spreads in 20 years and continue to add to that position. In the meantime we position our portfolios so that if we are wrong, the most we can lose is opportunity, not precious capital.
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DislikedMeaning that, with sufficient volume, we might expect a breakout downward below the neckline, right?
Thanks,
EdIgnored
DislikedBased on my chart, it may push a bit more on the south then reverse to 1.4890-1.490 as i mentioned on my earlier post. That's my own interpretation of it so we will see if it will push through.Ignored
DislikedNot really sure but i can see some reversal on the way to 1.4890-1.49
May prolly happen during European session.Ignored
DislikedMeaning that, with sufficient volume, we might expect a breakout downward below the neckline, right?
Thanks,
EdIgnored
DislikedIm beginning to hate Asian session.
Lately, it's moving in a very unusual way.
Ignored
DislikedI see a tiny bit of retrace from a 50pip drop. I see no reversal in view to 1.49, then again, maybe I'm not looking hard enough. That will be quite a reversal for it to hit 1.49 during the Euro session, and if it happens keep your private message box clear because I will have you reading charts for me as fast as I can send them.Ignored