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Cesarnc's market talk, gossips, rumours & fun

  • #681
  • Dec 13, 2007 6:21am Dec 13, 2007 6:21am
cesar,

I agree with your EU short.
Patience + Humility + Study = Success
  • #682
  • Dec 13, 2007 6:34am Dec 13, 2007 6:34am
Quoting cesarnc
I shorted euro at 4700 today. Not because I think it will go down, but because I think dollar's downside is somewhat contained after the Fed's statement / CB plans / global market's reaction...

It's my guess. An educated guess, but yet, a GUESS
It has to be a guess, there is no other option. We are here as speculators so don't ever forget that. The people who are not guessing are the ones using the THC indicator

I am in with you since 1.4699 - it can't keep making tops forever. I'll be back tonight (EST zone). Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #683
  • Dec 13, 2007 6:40am Dec 13, 2007 6:40am
Dow futures has just spiked to -100. Have no idea why...

Well, I have no idea why anything today
  • #684
  • Dec 13, 2007 6:51am Dec 13, 2007 6:51am
Quoting cesarnc
Dow futures has just spiked to -100. Have no idea why...

Well, I have no idea why anything today
Markets still not happy with the CB's plan....even though Libor rates did come down a little from yesterday.

HOLLA
  • #685
  • Dec 13, 2007 7:11am Dec 13, 2007 7:11am
Quoting Turtle
Markets still not happy with the CB's plan....even though Libor rates did come down a little from yesterday.

HOLLA
Market interpreted that CBs know something we don't know. Like CBs have a huge solution. So the problem must be at least as huge.

Sell first, ask later...
  • #686
  • Dec 13, 2007 7:17am Dec 13, 2007 7:17am
Hasn't gone below 1.4639 since the beginning of the week eh?
Patience + Humility + Study = Success
  • #687
  • Dec 13, 2007 7:26am Dec 13, 2007 7:26am
Quoting cesarnc
Market interpreted that CBs know something we don't know. Like CBs have a huge solution. So the problem must be at least as huge.

Sell first, ask later...

And now Countrywide saids that November loan applications fell 32% from a year ago......OUCH......that's not good for business...


THE BATTLE FOR 2.0400 CONTINUES.......

HOLLA
  • #688
  • Dec 13, 2007 8:21am Dec 13, 2007 8:21am
Go long AU after NY cut, some stronzo is holding a large vanilla expiry at 8800 so once that's done upside mojo should continue
Patience + Humility + Study = Success
  • #689
  • Dec 13, 2007 9:00am Dec 13, 2007 9:00am
Pack of green news for the US. Stocks down -50, though...

Currencies are intriguing yet. All majors are not far from the weekly open. There is this smoke in my charts saying "forget trading this week".... Oh, no... it's just the THC really
  • #690
  • Dec 13, 2007 9:47am Dec 13, 2007 9:47am
Turns out, short euro was not a bad idea
  • #691
  • Dec 13, 2007 9:50am Dec 13, 2007 9:50am
Quoting cesarnc
Turns out, short euro was not a bad idea
not at all, I don't know where the next target lies but I'll be locking in some profit soon as I have a paper to write. What is your thought here, cesar?
Patience + Humility + Study = Success
  • #692
  • Dec 13, 2007 9:55am Dec 13, 2007 9:55am
Quoting DutchTrader
not at all, I don't know where the next target lies but I'll be locking in some profit soon as I have a paper to write. What is your thought here, cesar?
Head and Shoulder in the daily is forming. Entry at the 4550/4530 area. Target 1.42 area.

I'm going to take my chances here. Sl at 4700 for BE and let this baby run.
  • #693
  • Dec 13, 2007 9:57am Dec 13, 2007 9:57am
Quoting cesarnc
Head and Shoulder in the daily is forming. Entry at the 4550/4530 area. Target 1.42 area.

I'm going to take my chances here. Sl at 4700 for BE and let this baby run.
Roger that. Let me check the charts.
Patience + Humility + Study = Success
  • #694
  • Dec 13, 2007 10:02am Dec 13, 2007 10:02am
Quoting Turtle


THE BATTLE FOR 2.0400 CONTINUES.......
Man the big boys are scrapping........

HOLLA
  • #695
  • Dec 13, 2007 10:04am Dec 13, 2007 10:04am
Digesting FED

- Cramer
The plan the Federal Reserve announced Wednesdayto boost liquidity in the markets probably wouldn't alleviate even a couple of [weeks' worth of bad loans from Washington Mutual, Cramer said during Mad Money, let alone Countrywide or Citigroup. Cramer called the plan "harebrained" and "ridiculously difficult to understand," saying it will do "nothing much at all."


- Gartman
“The stock market gets weaker for the rest of the year, oil goes to $100 and Bernanke should quit.” So says strategic investor Dennis Gartman, author of The Gartman Letter who joins the panel for this conversation. Following is a synopsis of his main points.


In my opinion, that will be the next chapter in this whole financial mess: pressure to have Bernanke's head on a silver plate.

Chapter 1: FED should cut to solve the problem
Chapter 2: FED should cut more to solve the problem
Chapter 3: FED should cut MORE!! MORE!!! MORE!!!
Chapter 4: Bernanke should quit. He knows dick about his job
  • #696
  • Dec 13, 2007 10:04am Dec 13, 2007 10:04am
BTW Strong resistance in USD/CAD at 1.0200, it was rejected so look for a good entry to ride up towards 1.0400
Patience + Humility + Study = Success
  • #697
  • Dec 13, 2007 10:39am Dec 13, 2007 10:39am
next week is the week before christmas, should bring some big pips, is there anyone here who trades the week of christmas?, i will only trade 1 day and that will be dec-27.
If I Go Broke Trying Then I Will die happy.
  • #698
  • Dec 13, 2007 10:57am Dec 13, 2007 10:57am
Quoting Moe
next week is the week before christmas, should bring some big pips, is there anyone here who trades the week of christmas?, i will only trade 1 day and that will be dec-27.
This would be my first year trading around Christmas...so the question is...why only on the 27th???


HOLLA
  • #699
  • Dec 13, 2007 12:04pm Dec 13, 2007 12:04pm
Quoting peterM
I think the FTSE is going to have a bad day today!
hey I was right
  • #700
  • Dec 13, 2007 12:10pm Dec 13, 2007 12:10pm
Quoting peterM
hey I was right
Bad one for sure -195.60 / -2.98% wow!!
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