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

  • #14,241
  • Aug 23, 2007 10:18am Aug 23, 2007 10:18am
what is the reason for the DOW weakness?
  • #14,242
  • Aug 23, 2007 10:18am Aug 23, 2007 10:18am
Quoting karmostaji
lol be positive for once Dr. Markam
There is no good news out there. The forex movements in the last 12 hours have been like pissing into a hurricane.
  • #14,243
  • Aug 23, 2007 10:19am Aug 23, 2007 10:19am
Quoting markam
Supposedly there is a rumor about some bad news coming.
Rumor???


There better wait till I my LONGS are closed. unless it a good rumor!
"Like banks made error, there is no subprime financial crisis. Every paid up!!!"
  • #14,244
  • Aug 23, 2007 10:21am Aug 23, 2007 10:21am
Countrywide CEO Tells CNBC He Sees Weak Housing Market Leading U.S. Into a Recession
  • #14,245
  • Aug 23, 2007 10:21am Aug 23, 2007 10:21am
Quoting Trumpcard
what is the reason for the DOW weakness?
maybe to give a chance for better entery in long.!!!!!
it's positive thinking!!!!!!
  • #14,246
  • Aug 23, 2007 10:22am Aug 23, 2007 10:22am
GJ refusing to close under 5min 100sma - for what it's worth in a hurricane...
  • #14,247
  • Aug 23, 2007 10:22am Aug 23, 2007 10:22am
He said this right after countrywide was given another 2 billion. Somehow, I don't think BOFA will see their money ever again.
  • #14,248
  • Aug 23, 2007 10:23am Aug 23, 2007 10:23am
Quoting Trumpcard
what is the reason for the DOW weakness?
it makes you wonder really. will a reduction in the fed funds rate actually restore confidence in the dow? i'm not so sure

"Yields on U.S. Treasury bills fell the most since in at least 1983 on demand for the safest securities amid concern over a widening credit crunch.

Bill yields have fallen five straight days as money market funds dumped asset-backed commercial paper in favor of the safest government securities. Three-month yields dropped more than on the day of the stock market crash of 1987 or than in the wake of the Sept. 11, 2001, terror attacks in the U.S".
  • #14,249
  • Aug 23, 2007 10:23am Aug 23, 2007 10:23am
Quoting shahroodi
maybe to give a chance for better entery in long.!!!!!
it's positive thinking!!!!!!
LOL I like that
Trade what you see, not what you think.
  • #14,250
  • Aug 23, 2007 10:23am Aug 23, 2007 10:23am
so Markam, u saying that loading up on shorts and sitting them out would be the way to go? don't imagine i'd ever wanna try pissing into a hurricane, come to think of it
  • #14,251
  • Aug 23, 2007 10:27am Aug 23, 2007 10:27am
Quoting Trumpcard
so Markam, u saying that loading up on shorts and sitting them out would be the way to go? don't imagine i'd ever wanna try pissing into a hurricane, come to think of it
I am not about to make any recommendations. i wasn't surprised to see 231.5 last night. However, this surge above that level has absolutely no basis in reality. I just cannot find anything that gives me any reason to think we are not heading into a worldwide recession/depression.
  • #14,252
  • Aug 23, 2007 10:28am Aug 23, 2007 10:28am
Quoting markam
He said this right after countrywide was given another 2 billion. Somehow, I don't think BOFA will see their money ever again.
Actually, BoFA got a very sweet deal. For their investment of $2Billion, they are already up $750 Million and they get interest @7.25% on top of it, which comes as dividend of $145Million. Countrywide stock is rising after the announcement.The only losers are the existing shareholders who will see the stock diluted by 19 percent. No matter who loses, the hedge funds, Investment houses or forex traders, the banks always win.
Period : 26 Months Account Balance : +264% Max DD : 14.2%
  • #14,253
  • Aug 23, 2007 10:31am Aug 23, 2007 10:31am
Quoting markam
Supposedly there is a rumor about some bad news coming.
Where did you hear that?
  • #14,254
  • Aug 23, 2007 10:31am Aug 23, 2007 10:31am
Quoting karmostaji
LOL I like that
unbelieveable
your pic is'nt prince of dubai?
are you from almaktom royal family karmo???
  • #14,255
  • Aug 23, 2007 10:31am Aug 23, 2007 10:31am
The dow turning down could easily turn into a freefall.
  • #14,256
  • Aug 23, 2007 10:32am Aug 23, 2007 10:32am
Quoting Zoran
Where did you hear that?
bears have very good ears.
  • #14,257
  • Aug 23, 2007 10:33am Aug 23, 2007 10:33am
Quoting shahroodi
unbelieveable
your pic is'nt prince of dubai?
are you from almaktom royal family karmo???
no no lol, I'm just a regular guy

The pic is Sheikh Mohammad bin Rashid's son
Trade what you see, not what you think.
  • #14,258
  • Aug 23, 2007 10:35am Aug 23, 2007 10:35am
Quoting katarche
GJ refusing to close under 5min 100sma - for what it's worth in a hurricane...
Forget that - sorry for distracting with crap....
  • #14,259
  • Aug 23, 2007 10:37am Aug 23, 2007 10:37am
Quoting karmostaji
no no lol, I'm just a regular guy

The pic is Sheikh Mohammad bin Rashid's son
really
i think the bull run of market because of your oil money!!!!!!!

just kidding
  • #14,260
  • Aug 23, 2007 10:41am Aug 23, 2007 10:41am
what can i see is when the price touch the 5SMA on 1 hr, it goes down. I think weeee neeeeeeeeeeeed the next candle to close above 1 hr 5 SMA to signal it is going north..... am i right?
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