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Walk the Talk from a fun loving discretionary trader 46 replies

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Cesarnc's market talk, gossips, rumours & fun

  • #881
  • Dec 18, 2007 5:43am Dec 18, 2007 5:43am
Quoting cesarnc
It's a hard call here.

- You short at a monster supportive trendline
- You long right after a monster down move

I'm out. Gone to Xmas shopping.
Me too. When I called that top today I was scalping..right now I have no idea when the pullback on the majors will happen. The patterns are open to big moves in either direction and the stars are not speaking to me
Maybe by wednesday.

Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #882
  • Dec 18, 2007 5:46am Dec 18, 2007 5:46am
i say break south.
If I Go Broke Trying Then I Will die happy.
  • #883
  • Dec 18, 2007 7:08am Dec 18, 2007 7:08am
Quoting dd33
Nah.. I'll pass.. Got some gardening to do..

http://thescroogereport.files.wordpr...ndoor-farm.jpg
Can you send some my way..........

HOLLA
  • #884
  • Dec 18, 2007 7:24am Dec 18, 2007 7:24am
Everything's slo motion
Patience + Humility + Study = Success
  • #885
  • Dec 18, 2007 7:30am Dec 18, 2007 7:30am
i say breakout north...no wonder we are in range
its just money
  • #886
  • Dec 18, 2007 7:35am Dec 18, 2007 7:35am
wassup?

Dow set to open +99, mostly on Goldman's good news.

Goldman Sachs Group said Tuesday its fourth-quarter earnings rose as a timely bet against subprime mortgages and higher investment banking fees helped it sidestep the credit crunch that hammered the rest of Wall Street.

As they say: First loss is usually the smallest

I prefer this: The rats are the first to bail out from a sinking ship

In this scenario, my bet is strong UJ, stalling GU at the trendline -> strong GJ, 231 not crazy. (I can be wroooooong)
  • #887
  • Dec 18, 2007 7:39am Dec 18, 2007 7:39am
Quoting cesarnc
wassup?

Dow set to open +99, mostly on Goldman's good news.

Goldman Sachs Group said Tuesday its fourth-quarter earnings rose as a timely bet against subprime mortgages and higher investment banking fees helped it sidestep the credit crunch that hammered the rest of Wall Street.

As they say: First loss is usually the smallest

I prefer this: The rats are the first to bail out from a sinking ship

In this scenario, my bet is strong UJ, stalling GU at the trendline -> strong GJ, 231 not crazy. (I can be wroooooong)
A break above 113.55 in UJ is necessary.
Patience + Humility + Study = Success
  • #888
  • Dec 18, 2007 7:46am Dec 18, 2007 7:46am
Quoting DutchTrader
A break above 113.55 in UJ is necessary.
It's stalling right at the 100 DAYS EMA, that's rulling the show for some time. But, USD recoverying + Strong stock market have the charm to prop it beyong the EMA.

Let's see if it all unfolds.
  • #889
  • Dec 18, 2007 7:46am Dec 18, 2007 7:46am
well if u name some predictions, so can i...i see in 08 euro at 1.66, cable at 2.166, eur/jpy at 186.77, gj i dont care, nzd/usd at 1, eur/gbp at 0.88...so can be i, wrong...:
its just money
  • #890
  • Dec 18, 2007 8:20am Dec 18, 2007 8:20am
Jingle Bells

Positive news from the retail sector, better-than-expected results from Goldman Sachs and an infusion of money to ease the credit crunch helped push US stock futures higher and pointed to what could be the beginning of a Santa Claus rally on Wall Street :surprised

The European Central Bank and Bank of England flooded money markets with funds as the UK central bank chief warned of a possible "self-reinforcing" downward spiral in credit.
  • #891
  • Dec 18, 2007 8:29am Dec 18, 2007 8:29am
Quoting de123
i say breakout north...no wonder we are in range
i say i stay out till this shit clears up.
If I Go Broke Trying Then I Will die happy.
  • #892
  • Dec 18, 2007 9:02am Dec 18, 2007 9:02am
Quoting de123
well if u name some predictions, so can i...i see in 08 euro at 1.66, cable at 2.166, eur/jpy at 186.77, gj i dont care, nzd/usd at 1, eur/gbp at 0.88...so can be i, wrong...:
what the heck, My predictions are:

EU @ 1.75

NZD @1.02

AU @ .99

EY @ 185

Cable @ up shit's creek along with the USD
Humble Lifetime Member
  • #893
  • Edited 9:48am Dec 18, 2007 9:17am | Edited 9:48am
I'm short AU from 8640, looked like a short squeeze so maybe we can get below this SMA
Patience + Humility + Study = Success
  • #894
  • Dec 18, 2007 9:59am Dec 18, 2007 9:59am
Quoting cesarnc
Jingle Bells

Positive news from the retail sector, better-than-expected results from Goldman Sachs and an infusion of money to ease the credit crunch helped push US stock futures higher and pointed to what could be the beginning of a Santa Claus rally on Wall Street :surprised
Jingle Bells my http://s.bebo.com/img/smiley_moon.gif

Stocks surrendered early gains as better-than-expected Goldman Sachs earnings still couldn't erase concerns over larger problems in the credit industry, despite a multi-billion-dollar infusion of liquidity.


Major indexes posted an early rally but swung back to little changed in a day that initially held hopes for a belated Santa Claus rally. But trading remained volatile as investors wondered what the full effects of the credit problems would be.


"You do like to have a psychological rally. For the holidays, people liketo keep their spirits up, so if you have a couple of down-200 days, that's kind of coal in your stocking," said Art Cashin, director of floor operations at UBS. "Until we figure out what these central banks are doing, things are going to remain volatile."
  • #895
  • Dec 18, 2007 10:08am Dec 18, 2007 10:08am
I don't recall what last yr was like around this time, except for doing well on NJ shorts, but whats the word on this BoJ "meeting"
Patience + Humility + Study = Success
  • #896
  • Dec 18, 2007 11:06am Dec 18, 2007 11:06am
First, I wish you guys have will have a joyous Christmas and very Happy New Year. As I see right now, the market is lifeless due to holiday season and hopefully everyone will stay out to spend times with family and friends. Please don't chase the market, just let it come to you. Happy Holiday to everyone.
  • #897
  • Dec 18, 2007 11:35am Dec 18, 2007 11:35am
Cable 3rd time testing the 0100s. It can form a bottom here, specially with the trendline still holding.

Or it's just the THC acting...

  • #898
  • Dec 18, 2007 11:55am Dec 18, 2007 11:55am
Well it still needs to go lower and close below the weekly trendline before I'd think the downtrend will continue (and who knows even then but on the daily a recent trendline has been broken and now is resistance yesterday and today. Something to watch. You could even say that there is a sloppy H&S - double right shoulder ? I don't trade H&S anyway.
Attached Image (click to enlarge)
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  • #899
  • Dec 18, 2007 12:09pm Dec 18, 2007 12:09pm
so far so good...
its just money
  • #900
  • Edited 12:44pm Dec 18, 2007 12:43pm | Edited 12:44pm
Man, talk about some strong support so far.....

Now what if the MPC vote was 5-4?????

We already know Barker voted for a rate cut.....

These minutes could either break that support or send that pound back up over 2.0235....

Any thoughts

HOLLA
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