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Cable Update (GBPUSD)

  • #24,261
  • Aug 14, 2007 8:36am Aug 14, 2007 8:36am
GU DOWN DOWN DOWN http://forum.gtarena.net/images/smilies/smiley_rock.gif
.
  • #24,262
  • Aug 14, 2007 8:48am Aug 14, 2007 8:48am
LOL
  • #24,263
  • Aug 14, 2007 8:49am Aug 14, 2007 8:49am
panic over

dow back to 13110

it was all a false alarm

all pigs fuelled and ready to fly
  • #24,264
  • Aug 14, 2007 8:56am Aug 14, 2007 8:56am
Quoting allserene
panic over

dow back to 13110

it was all a false alarm

all pigs fuelled and ready to fly

Lol... I went short UJ 118.00, TP 117.80, then long 118.0 and holding. Same for GJ 236...

Of course, SL at B/E already...
  • #24,265
  • Aug 14, 2007 9:03am Aug 14, 2007 9:03am
DOW - dead cat bounce is all that was.
  • #24,266
  • Aug 14, 2007 9:09am Aug 14, 2007 9:09am
I wish I was a fishhhh... I wish I was a fishhhh... fishhhh, fishhhh, fishhhh...
.
  • #24,267
  • Aug 14, 2007 9:09am Aug 14, 2007 9:09am
Quoting SunTrader
DOW - dead cat bounce is all that was.
You gonna love that one...

Quote
Stocks are off of their worst levels, but still sharply lower, after CNBC reported liquidity troubles at another fund and Wal-Mart dragged on the Dow. "We're seeing a mini-panic, which is symptomatic of a market that is finding a bottom," said Michael Metz, chief investment strategist at Oppenheimer.

WTF is a "mini-panic"?
  • #24,268
  • Aug 14, 2007 9:09am Aug 14, 2007 9:09am
Hey Ces,
What happened to news.efxnow.com? I have not been able to get it for a while now. Do you still use it or is it down? Can you post the link if it is still up please. Thanks.

Big P
  • #24,269
  • Aug 14, 2007 9:12am Aug 14, 2007 9:12am
Quoting SunTrader
DOW - dead cat bounce is all that was.
yes a billion shorts got out at that point... fear still stalks the streets:

ok while we are waiting for cable to get some amphetamine:

Mexican fireman's two sons :

Hose A

and

Hose B
  • #24,270
  • Aug 14, 2007 9:12am Aug 14, 2007 9:12am
Quoting Big P
Hey Ces,
What happened to news.efxnow.com? I have not been able to get it for a while now. Do you still use it or is it down? Can you post the link if it is still up please. Thanks.

Big P
Not working anymore. Don't know why, don't know another

I've emailed the guys a few days ago, no answer
  • #24,271
  • Aug 14, 2007 9:13am Aug 14, 2007 9:13am
Quoting cesarnc
You gonna love that one...



WTF is a "mini-panic"?
.
  • #24,272
  • Aug 14, 2007 9:13am Aug 14, 2007 9:13am
mini-panic is when you loose you shirt and the value of the stock market is down by 100 billion USD....
.
  • #24,273
  • Aug 14, 2007 9:14am Aug 14, 2007 9:14am
Quoting allserene
yes a billion shorts got out at that point... fear still stalks the streets:
No I don't think even a million shorts got out. There is much more downside to go, if not today, the rest of the week. Too much uncertainty. WalMart/Home Depot leading the way.
  • #24,274
  • Aug 14, 2007 9:17am Aug 14, 2007 9:17am
Michael Metz - I can't believe someone still has him in their company.

He was calling for the top long before Greenspan said "irrational exuberance" in '97. Only off by about 4000 dow points and years too early.
  • #24,275
  • Aug 14, 2007 9:19am Aug 14, 2007 9:19am
Quoting SunTrader
No I don't think even a million shorts got out. There is much more downside to go, if not today, the rest of the week. Too much uncertainty. WalMart/Home Depot leading the way.
And don't forget that in this very minute there is a bomb on a fund's CEO desk and it goes

tic
tac
tic
tac
  • #24,276
  • Aug 14, 2007 9:23am Aug 14, 2007 9:23am
Another rejection of the same lows at Usd/Jpy... near the all mighty Sma.

And then... stocks moved.

It starts to be very clear now, this two sided correlations.

Short from 118.18 after this retrace to another retest.

TP or SL at end of the session.
  • #24,277
  • Aug 14, 2007 9:26am Aug 14, 2007 9:26am
Quoting SunTrader
No I don't think even a million shorts got out. There is much more downside to go, if not today, the rest of the week. Too much uncertainty. WalMart/Home Depot leading the way.
Yes it's all bad news - hope you are right as i kept a short on and that bounce caught me out - too whippy for s/l - i must be crazy dipping in this whippy market... serves me right - still its containable which is more than it is for x million folks with their new pension money in mutual funds at dow 14,000
  • #24,278
  • Aug 14, 2007 9:27am Aug 14, 2007 9:27am
Quoting cesarnc
And don't forget that in this very minute there is a bomb on a fund's CEO desk and it goes

tic
tac
tic
tac
And imagine with all the news like that "liquidity problems at hedge fund xyz..." or "fund locked cash withdrawals" and the like... Do you think they help??? (Help the momentum of mini-panic)
.
  • #24,279
  • Aug 14, 2007 9:30am Aug 14, 2007 9:30am
First you loose your house... (Higher interest rates, loose your job, unable to meet repayments, etc) Then you think well the DOW is down such and such points... Well I do not want to loose that so I sell... Or that mutual fund has my money... So I withdraw... Then the mutual fund says you cannot withdraw or you have to wait two weeks... Meanwhile the market falls like an idiot... What do you think what will you think...??? What happens if that is the situation for a couple of people like 1 million???

Oh well...
.
  • #24,280
  • Aug 14, 2007 9:35am Aug 14, 2007 9:35am
Quoting bullrock
First you loose your house... (Higher interest rates, loose your job, unable to meet repayments, etc) Then you think well the DOW is down such and such points... Well I do not want to loose that so I sell... Or that mutual fund has my money... So I withdraw... Then the mutual fund says you cannot withdraw or you have to wait two weeks... Meanwhile the market falls like an idiot... What do you think what will you think...??? What happens if that is the situation for a couple of people like 1 million???

Oh well...
...or because you do not want to loose your house you start to withdraw from securities markets...
.
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