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Cesarnc's market talk, gossips, rumours & fun

  • #2,401
  • Jan 11, 2008 3:33am Jan 11, 2008 3:33am
Quoting DutchTrader
107 here we come
Dow futures -86.

AMEX and Merril news popped after market close. May be enough to stab the financials today, in spite of the BofA / Countrywide deal.
  • #2,402
  • Edited 3:41am Jan 11, 2008 3:39am | Edited 3:41am
I see Northern Rock selling mortgage assets to JP Morgan....

Nap time...see you at the early New York open.....

HOLLA
  • #2,403
  • Jan 11, 2008 3:39am Jan 11, 2008 3:39am
Quoting cesarnc
Dow futures -86.

AMEX and Merril news popped after market close. May be enough to stab the financials today, in spite of the BofA / Countrywide deal.
Yep, I see a gloomy day ahead.
Patience + Humility + Study = Success
  • #2,404
  • Jan 11, 2008 3:44am Jan 11, 2008 3:44am
Well.. this is how I see it on cable.. We might test the lower channel first before heading to 50% fib imo..
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  • #2,405
  • Jan 11, 2008 3:49am Jan 11, 2008 3:49am
Quoting dd33
Well.. this is how I see it on cable.. We might test the lower channel first before heading to 50% fib imo..
Sure thing. 50% today a bit too crazy
  • #2,406
  • Jan 11, 2008 3:53am Jan 11, 2008 3:53am
Quoting DutchTrader
Yep, I see a gloomy day ahead.
Yeah, I agree and in light of that I opened a short in cable. Let's see where this roller coaster takes us.
Humble Lifetime Member
  • #2,407
  • Jan 11, 2008 3:55am Jan 11, 2008 3:55am
there that 9400's i was talking about let see if we can get to 9350.
If I Go Broke Trying Then I Will die happy.
  • #2,408
  • Jan 11, 2008 3:59am Jan 11, 2008 3:59am
Quoting Moe
there that 9400's i was talking about let see if we can get to 9350.
Going long the dollar 12hours after Bernanke signaled what was bet a 50bp cut is waaaayyy tooo creepy to me.

I'm sidelined on GU. Seed-sized lot long euro running only. Harvest in the upcoming weeks, hopefully.
  • #2,409
  • Jan 11, 2008 4:04am Jan 11, 2008 4:04am
don't know where it going from here cesarnc but the set up for a short was around 9750, i can't wait to get back home.
If I Go Broke Trying Then I Will die happy.
  • #2,410
  • Jan 11, 2008 4:09am Jan 11, 2008 4:09am
it didn't take long to bounce back, i can imagine what going on in the cable thread, long,short,long,short. if they can scream shong im sure they would.
If I Go Broke Trying Then I Will die happy.
  • #2,411
  • Jan 11, 2008 4:12am Jan 11, 2008 4:12am
Quoting Moe
it didn't take long to bounce back, i can imagine what going on in the cable thread, long,short,long,short. if they can scream shong im sure they would.
Patience + Humility + Study = Success
  • #2,412
  • Jan 11, 2008 4:15am Jan 11, 2008 4:15am
Previous session overview

On Thursday, the dollar fell sharply versus the euro after comments from top central bankers convinced investors that interest rates could fall in the U.S. but rise in the euro zone.

The euro is wobbling in narrow ranges this morning against the dollar and yen, but the firm stance of the European Central Bank is bolstering the currency.

Overall the EURUSD traded with a low of 1.4643 and high of 1.4813 before closing the day at 1.4791 in the New York session. The euro did not react to news that the European Central Bank left interest rates on hold at 4 percent as expected.

The GBPUSD traded with a low of 1.9543 and a high of 1.9668 before closing the day at 1.9603 in the New York session. The Bank of England also left rates on hold at 5.50 percent, giving the British pound sterling a slight boost.

The Japanese Yen - the Economy will remain pressured for some time. USDJPY traded with a low of 109.12 and a high of 110.11 in the New York session. USD/JPY slips further, as non-Japanese players continue to sell on Merrill Lynch write-down report.

The Australian dollar touched the two month high Friday after U.S Federal Reserve chairman Ben Bernanke gave clearest signal yet the Fed is prepared to slash U.S. interest rates.
If I Go Broke Trying Then I Will die happy.
  • #2,413
  • Jan 11, 2008 4:20am Jan 11, 2008 4:20am
Today the US trade balance and import prices will be released. Weak manufacturing PMI numbers suggest that exports could be soft, which would widen the deficit. Nov trade deficit is expected to widen to -59.3b.

US Treasury Budget for December (Expected $52.0B Previous $42.0B).

The euro is strong and we are very likely to see more gains ahead.

UK - It is matter of when we will see another rate cut from the Bank of England. Traders are now expecting a move in early February. Industrial production and manufacturing production data will be released from UK today. IP is expected to slow further from 1.0% yoy to 0.6% yoy while MP is expected to improve mildly from 0.3% yoy to 0.4% yoy.

Bank of Canada poised to cut rates "a few more times" over next few months.
If I Go Broke Trying Then I Will die happy.
  • #2,414
  • Jan 11, 2008 4:26am Jan 11, 2008 4:26am
Quoting Moe
it didn't take long to bounce back, i can imagine what going on in the cable thread, long,short,long,short. if they can scream shong im sure they would.
  • #2,415
  • Jan 11, 2008 4:32am Jan 11, 2008 4:32am
Quoting Moe
it didn't take long to bounce back, i can imagine what going on in the cable thread, long,short,long,short. if they can scream shong im sure they would.
yeah, still is but now they've coupled the short / long with some analysis from COT reports, etc.
Humble Lifetime Member
  • #2,416
  • Jan 11, 2008 4:32am Jan 11, 2008 4:32am
Jan. 11 (Bloomberg) -- Global stocks dropped as analysts downgraded L'Oreal SA and Unilever on concern profit growth will slow and speculation of credit-market losses weighed on banks including Commonwealth Bank of Australia. U.S. index futures fell.

Feeling Happy

http://i2.photobucket.com/albums/y28/cesarnc/hyena.jpg
  • #2,417
  • Jan 11, 2008 4:42am Jan 11, 2008 4:42am
i just had to mess with the cable thread c, i just cound't resist.
If I Go Broke Trying Then I Will die happy.
  • #2,418
  • Jan 11, 2008 4:46am Jan 11, 2008 4:46am
Quoting Moe
i just had to mess with the cable thread c, i just cound't resist.
Humble Lifetime Member
  • #2,419
  • Jan 11, 2008 4:47am Jan 11, 2008 4:47am
Quoting Moe
i just had to mess with the cable thread c, i just cound't resist.
I know...

Just read that markets are pricing a cut from BOE in February, right after the Fed's statement, which is also priced in as a cut.

Now put two conflicting fundamentals for GU and a buncha guys trying to trade the 15min. You won't see flowers growing there.
  • #2,420
  • Jan 11, 2008 4:49am Jan 11, 2008 4:49am
Quoting cesarnc
I know...

Just read that markets are pricing a cut from BOE in February, right after the Fed's statement, which is also priced in as a cut.

Now put two conflicting fundamentals for GU and a buncha guys trying to trade the 15min. You won't see flowers growing there.
I'm long cable off the 1min bukkake formation, but I'm also hedged for a breakeven trade























Patience + Humility + Study = Success
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