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Cesarnc's market talk, gossips, rumours & fun

  • #2,721
  • Jan 15, 2008 8:02am Jan 15, 2008 8:02am
Good old NY session, always good for some drama....and the day is still young.

DOW futures not looking good out the gate...

I'll just sit back and enjoy the show.....

HOLLA
  • #2,722
  • Jan 15, 2008 8:05am Jan 15, 2008 8:05am
Quoting Moe
don't be surprise if that 1 point cut helps the dollar, we can't just assume its all free pips on long g/u.
Yeah, especially when UK retail numbers hit on Friday, and Tesco is already screaming for a cut because of a bad 4Q....

HOLLA
  • #2,723
  • Jan 15, 2008 8:07am Jan 15, 2008 8:07am
Quoting Moe
this is true, it's always a first time for anything cut .50 now then cut another .50 at the meeting instead of doing it all at once witch will kill the dollar.
"If the Fed were to cut inter-meeting, we think it would by 50 basis points, followed by another 50 basis points on the 30th," it said. The bank said this is a possibility, not a hard forecast.
If I Go Broke Trying Then I Will die happy.
  • #2,724
  • Jan 15, 2008 8:07am Jan 15, 2008 8:07am
Moe,

Won't happen I think because then you really spook the market even more. Just my .02 though.
Patience + Humility + Study = Success
  • #2,725
  • Jan 15, 2008 8:08am Jan 15, 2008 8:08am
Quoting DutchTrader
Moe,

Won't happen I think because then you really spook the market even more. Just my .02 though.
getting spook is part of forex, you just been spook
If I Go Broke Trying Then I Will die happy.
  • #2,726
  • Jan 15, 2008 8:10am Jan 15, 2008 8:10am
word
Quoting Moe
getting spook is part of forex, you just been spook
Patience + Humility + Study = Success
  • #2,727
  • Jan 15, 2008 8:12am Jan 15, 2008 8:12am
Quoting DutchTrader
Moe,

Won't happen I think because then you really spook the market even more. Just my .02 though.
Cramer says an inter-meeting rate cut is what the market needs. And that's what makes you sure they won't.
  • #2,728
  • Jan 15, 2008 8:15am Jan 15, 2008 8:15am
when those bombs went off in england and when 9/11 hit, was you spook, nothing surprise me in forex anymore, the u.s. is going thru a major crisis and this cause for major measure's, fed got to do what they got's to do to curve these crisis by causeing another crisis and that will be letting the dollar fall a little more before it recoup.
If I Go Broke Trying Then I Will die happy.
  • #2,729
  • Jan 15, 2008 8:20am Jan 15, 2008 8:20am
Quoting cesarnc
Cramer says an inter-meeting rate cut is what the market needs. And that's what makes you sure they won't.
if you think a inter-meeting will spook you , what and see if they cut 1 full point, i would guess by then the market will price that in.
If I Go Broke Trying Then I Will die happy.
  • #2,730
  • Jan 15, 2008 8:21am Jan 15, 2008 8:21am
Quoting Moe
when those bombs went off in england and when 9/11 hit, was you spook, nothing surprise me in forex anymore, the u.s. is going thru a major crisis and this cause for major measure's, fed got to do what they got's to do to curve these crisis by causeing another crisis and that will be letting the dollar fall a little more before it recoup.
Was the PPI (-0.1%) good for the cut cause? I mean, the major problem for Fed is not cutting rates, but cutting rates with inflationary pressure.

I know they use the PCE as the gauge, but who knows? Bernanke probably has a good estimate of the PCE by now, as he sure had this PPI and the retail sales last week when he went balistic in favour of big cuts

***

For the dollar short side, we must pray for the big money not to flock in the treasurys for safety. If they do, it will at least stall the dollar's downside.
  • #2,731
  • Jan 15, 2008 8:27am Jan 15, 2008 8:27am
all i can say cesarnc is greenspan left big ben with a fuck you im outta here, he saw all of this shit before hand, trust me.
If I Go Broke Trying Then I Will die happy.
  • #2,732
  • Jan 15, 2008 8:28am Jan 15, 2008 8:28am
Hello People!
I really enjoy this thread, instead of being glued to bloomberg, reuters etc etc I come here to read the news with lots of fun too! keep it up
  • #2,733
  • Jan 15, 2008 8:34am Jan 15, 2008 8:34am
Quoting Moe
all i can say cesarnc is greenspan left big ben with a fuck you im outta here, he saw all of this shit before hand, trust me.
I think those 2 say it all...

http://bigpicture.typepad.com/commen...s/bernanke.jpg

http://z.about.com/d/politicalhumor/...n_bernanke.gif
  • #2,734
  • Jan 15, 2008 8:36am Jan 15, 2008 8:36am
This one is funny too... Wonder how many have reached the "fifth floor" with Dow 12.6K - 12.7K

http://investmentpostcards.files.wor.../cartoon-5.jpg
  • #2,735
  • Jan 15, 2008 8:40am Jan 15, 2008 8:40am
You're right Moe. Accounts are hanging in the cable thread by now. I think broker's accountants are busy today, transferring the liabilities into assets
  • #2,736
  • Jan 15, 2008 8:47am Jan 15, 2008 8:47am
Try not to go over 30 mph
Just Trade It
  • #2,737
  • Jan 15, 2008 8:54am Jan 15, 2008 8:54am
Quoting cesarnc
You're right Moe. Accounts are hanging in the cable thread by now. I think broker's accountants are busy today, transferring the liabilities into assets
Such a shame. I've been telling everyone on that thread to:

*Look at the daily and weekly charts

*Trade with the trend

*Go to the thread for the 5/8 crossover and demo/trade on higher TF's

Once they feel they can do it, send them over BWR's thread. No one wants to listen. Have one guy on the Aussie thread thinking about getting gun and a bottle of whiskey and, well you get the rest.
Humble Lifetime Member
  • #2,738
  • Jan 15, 2008 8:58am Jan 15, 2008 8:58am
Quoting Ash
Such a shame. I've been telling everyone on that thread to:

*Look at the daily and weekly charts

*Trade with the trend

*Go to the thread for the 5/8 crossover and demo/trade on higher TF's

Once they feel they can do it, send them over BWR's thread. No one wants to listen. Have one guy on the Aussie thread thinking about getting gun and a bottle of whiskey and, well you get the rest.
FORGET about trying to help'em. It's a no-can-do.

You don't have to go far behind when I was doing the same crap. What dragged me out of this nonsense was having that GJ strategies.

So my urgency to have a trade in place vanished, coz the strategies guaranteed me that with calculated risk.

Today is my first day in several weeks that I traded GU. But this miserable bastard has been so mean to me that my SL jumped to breakeven first tick at +75 pips.
  • #2,739
  • Jan 15, 2008 9:02am Jan 15, 2008 9:02am
Quoting cesarnc
FORGET about trying to help'em. It's a no-can-do.

You don't have to go far behind when I was doing the same crap. What dragged me out of this nonsense was having that GJ strategies.

So my urgency to have a trade in place vanished, coz the strategies guaranteed me that with calculated risk.

Today is my first day in several weeks that I traded GU. But this miserable bastard has been so mean to me that my SL jumped to breakeven first tick at +75 pips.
Maybe you're right. Like the saying goes"You can lead a horse to water, but you can’t make him drink."
Humble Lifetime Member
  • #2,740
  • Jan 15, 2008 9:04am Jan 15, 2008 9:04am
The key to the Dow/S&P holding are the tech stocks. Right now Banks/Brokers and even the Drugs stocks are tanking.

In other words they have past the 5th floor.
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