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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #3,501
  • Aug 3, 2007 12:50pm Aug 3, 2007 12:50pm
lol.........


True indeed!! somehow, Somehow we turn it around to say "Hey, Our housing sucks, 49%+ increase in foreclosures of homes, Bear Stern struggles, American Home mortgage 89% drop and just today laid-off 6,000 employees, Bad Emploment News , but everyone we still A Okay, no worries!!!"

WOW

Quoting egutie6970
Cuz them yanks think having no jobs, high interst rates, losing their homes, is good for the economy...
  • #3,502
  • Aug 3, 2007 12:52pm Aug 3, 2007 12:52pm
DOW has to lose and close roughly 1.5% or more which is about 150 points under. Then you see major sell off.

Quoting ovidiu
does anybody know a level at which DOW would be considered very weak for today sesion so as GJ will drop hard, or is it enough for it to drop?
  • #3,503
  • Aug 3, 2007 12:54pm Aug 3, 2007 12:54pm
Quoting ovidiu
I don't have a link for it but I think this is even better
Thank you!
  • #3,504
  • Aug 3, 2007 12:57pm Aug 3, 2007 12:57pm
4H 5SMA is touched, it's ready to fall.
  • #3,505
  • Aug 3, 2007 1:00pm Aug 3, 2007 1:00pm
:surprised it's going up!!!!!!!!!!
  • #3,506
  • Aug 3, 2007 1:01pm Aug 3, 2007 1:01pm
Quoting trader8686
4H 5SMA is touched, it's ready to fall.
I hope so. My 5min. chart prediction went to hell.
  • #3,507
  • Aug 3, 2007 1:01pm Aug 3, 2007 1:01pm
Quoting zoheir
:surprised it's going up!!!!!!!!!!
My thoughts exactly!
  • #3,508
  • Aug 3, 2007 1:02pm Aug 3, 2007 1:02pm
if it goes beyond this point it's clear that we must have got this wrong...
  • #3,509
  • Aug 3, 2007 1:02pm Aug 3, 2007 1:02pm
This is it...the final resistance - 242.50
  • #3,510
  • Aug 3, 2007 1:05pm Aug 3, 2007 1:05pm
OK I'll take a short here just to help close the rest at Breakeven if it decides to go down
  • #3,511
  • Aug 3, 2007 1:06pm Aug 3, 2007 1:06pm
H1, H4 rather bullish, it may have not been a retracement, I lost all my hope I'll let it run through my SL 242.7
  • #3,512
  • Aug 3, 2007 1:06pm Aug 3, 2007 1:06pm
The Dow shot up...
  • #3,513
  • Aug 3, 2007 1:07pm Aug 3, 2007 1:07pm
But then again I saw it climb and then fall down before closing so many times
  • #3,514
  • Aug 3, 2007 1:09pm Aug 3, 2007 1:09pm
Quoting magiclino
This is the VT download that Auslanco posted.

Anybody know how to use this yet?
It beeps when it's time to sell or buy, and has an arrow to point the direction, mine allready did that on 30min around 241.7 like 2 hours ago, but no I was to confident that it will drop...
  • #3,515
  • Aug 3, 2007 1:10pm Aug 3, 2007 1:10pm
People (or the government) trying to create a ralley going into the weekend. If they fail, they could be a big dropoff before the closing bell.
  • #3,516
  • Aug 3, 2007 1:11pm Aug 3, 2007 1:11pm
Quoting lawrh
The Dow shot up...
Probably we should only watch the DOW from now on, and forget about retracements and all that stuff
  • #3,517
  • Aug 3, 2007 1:13pm Aug 3, 2007 1:13pm
Closes much above 13500 dow and 242.50 guppy and I give up...Thisssssssss will be the top!
  • #3,518
  • Aug 3, 2007 1:13pm Aug 3, 2007 1:13pm
Quoting newjersey24
lol.........


True indeed!! somehow, Somehow we turn it around to say "Hey, Our housing sucks, 49%+ increase in foreclosures of homes, Bear Stern struggles, American Home mortgage 89% drop and just today laid-off 6,000 employees, Bad Emploment News , but everyone we still A Okay, no worries!!!"

WOW
I know it's strange but remember the companies that form the DOW index are not effected by the factors above specially housing and mortgage, they're still good buys and hence the rise in DOW
  • #3,519
  • Aug 3, 2007 1:17pm Aug 3, 2007 1:17pm
Quoting ovidiu
Probably we should only watch the DOW from now on, and forget about retracements and all that stuff
I was beginning to think the same way.
  • #3,520
  • Aug 3, 2007 1:20pm Aug 3, 2007 1:20pm
Quoting Poocher
I hope so. My 5min. chart prediction went to hell.
I don't think the 5min charts help a lot with this pair, too much noise. And this pair goes up and down like crazy.
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