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Wall Street close watch

  • #81
  • Jan 22, 2008 2:21pm Jan 22, 2008 2:21pm
Quoting SunTrader
Isn't that kind of like looking back at the past and saying I would have bought here and sold here. If money is not on the line it is always a lot easier to place a trade. The object is to make it easy to trade when money is on the line.
That's why the quoted post is already gone again

I can't put money on the indices, simply because I don't have that option broker wise...else I would have probably taken a gander at, er, let me check..13470-13600 area for a short and held.
Instead I did it on xxxJPY

No worries, there's real money involved and on the line and already re-tasked into the market right now...put it/them on before I went to shower and it's not in a pro-recovery direction.
Small nibbles given the environment, not shark bites. Adapted to crazyness factor

Looking quite alright so far and will secure them in 2 hours after I see both the NY close and the hour after the close develop.
Either that, or if I feel a change coming into the close; i.e. something other than a sad little powerless sideway wobbledrift.
Could still be.

Until we firmly close and hold above 13k DJI again(for more than 24 hours) I am not even going to remotely believe anyone writing "a bottom might be in" headlines the coming days/weeks.
Trust price. Know yourself.
  • #82
  • Jan 22, 2008 3:01pm Jan 22, 2008 3:01pm
Apple earnings news after the bell will be important although techs stocks today did lousy.
  • #83
  • Jan 22, 2008 3:20pm Jan 22, 2008 3:20pm
Dow rocketed skyhigh and close -128 today.

One of those days that make you go hmmmmm
  • #84
  • Jan 23, 2008 1:01am Jan 23, 2008 1:01am
FOLKS, WE ARE SEEING A BOTTOM!!!

(Ben Bernanke's bottom, that is, as it gets spanked by the market).
  • #85
  • Jan 23, 2008 6:08am Jan 23, 2008 6:08am
Quoting Bloomberg
European Stocks Gain for Second Day
Look no further than Bloomberg for a good laugh in the morning.

Edit/Update: LOL by the time I copied the headline(I swear it was a direct copy&paste) it now reads stocks FALL.

Bloomberg invents repainting headlines indicator!
Trust price. Know yourself.
  • #86
  • Jan 23, 2008 6:23am Jan 23, 2008 6:23am
Quoting SeekingLight
Look no further than Bloomberg for a good laugh in the morning.
You want some more Bloomberg comedy? Where did they find this guy? I wish I could grasp his technical analysis techniques .
  • #87
  • Jan 23, 2008 7:47am Jan 23, 2008 7:47am
Just another "sucker's rally"* in the stock market yesterday. Futures are bloody today.

*I didn't invented the term, just read it here somewhere and liked because of the precision

Maybe Fed should try another approach, like leaking a picture of Bernanke lhao while taking a loan with Countrywide
  • #88
  • Edited 8:23am Jan 23, 2008 7:55am | Edited 8:23am
Man I love this. This is the kind of wildness I enjoy... LOL It was so well telegraphed. What a wild ride the last couple of days.

Look at the S&P Futures this morning... Down 2.5% already... before the open.

ContractMonthLastChangeOpenHighLowTimeLinksIndiceshttp://images.barchart.com/wallpaper/lind-blue.gifS&P 500 Index (SPH8)Mar 081274.60-34.701310.501318.501260.5007:59
  • #89
  • Jan 23, 2008 8:10am Jan 23, 2008 8:10am
I just want to say I am proud to be in the one zone where the guy running the CB actually caters to sense instead of stock market demand

Quoting Trichet
Particularly in demanding times of significant market correction and turbulences, it is the responsibility of the central bank to solidly anchor inflation expectations to avoid additional volatility,'' Trichet told the European Parliament in Brussels today.
Damn straight. Someone tell Ben!

Btw, this is not new or "going hawkish". This guy has been the real deal since he was instated; this is no change from what he has reiterated for YEARS now(inflation bias).

Regardless of what people constantly try to invent over some yokels in interviews and then call "ECB", this guy right here is the ECB
(seen setting his sight on inflation....or is he going "I am thinking of a DAX number...guess which...no, it isn't 8k!")

http://www.tradedock.net/wp-content/...10/trichet.jpg
http://www.ecb.int/ecb/orga/decision...mg/trichet.jpg

Compared to crap-I'm-betraying-my-mission-statement-Ben
http://www.investorsinsight.com/imag...8/image004.gif



Post to be taken with a grain of salt
Trust price. Know yourself.
  • #90
  • Jan 23, 2008 8:19am Jan 23, 2008 8:19am
I see the odds are 46% for another 75 rate cut in a week. This will continue until the fed are not so far behind the curve. What do you guys think, maybe when the fed is at about 2 to 2.5 %?
  • #91
  • Jan 23, 2008 8:41am Jan 23, 2008 8:41am
Yeah we'll see what Trichet does in the coming weeks as the US probably chops another 1/2 at the end of the month and again another 1/4 / 1/2 next meeting and the Eurozone goes in the dumper because of the US$ further pricing advantage. i.e. Airbus/Etc looking to establish US manufacturing.

Funny how politics starts to rear its ugly, and I do mean ugly, head when these things start to happen.
  • #92
  • Jan 23, 2008 9:02am Jan 23, 2008 9:02am
Quoting SeekingLight
I just want to say I am proud to be in the one zone where the guy running the CB actually caters to sense instead of stock market demand



Damn straight. Someone tell Ben!

Btw, this is not new or "going hawkish". This guy has been the real deal since he was instated; this is no change from what he has reiterated for YEARS now(inflation bias).

Regardless of what people constantly try to invent over some yokels in interviews and then call "ECB", this guy right here is the ECB
Yes, I've been saying for a while that I really think Trichet is going to stick to his guns, unlike Ben "Wall Street's bit*h" Bernanke.

Quoting SeekingLight
(seen setting his sight on inflation....or is he going "I am thinking of a DAX number...guess which...no, it isn't 8k!")
Haha
  • #93
  • Jan 23, 2008 10:44am Jan 23, 2008 10:44am
Quoting billflet
So far you're spot on! Early last week I moved my long term mutual funds back into cash. Glad I did.
I cleaned up and closed I think last Oct in my long term accounts. Believe it or not I'm starting to build it back up with longs... I know sounds crazy but not thinking short term... I'm not going heavy in, but starting to add a little.
Check Mate GAME OVER
  • #94
  • Jan 23, 2008 11:05am Jan 23, 2008 11:05am
Quoting smjones
I see the odds are 46% for another 75 rate cut in a week. This will continue until the fed are not so far behind the curve. What do you guys think, maybe when the fed is at about 2 to 2.5 %?
Putting in perspective, Dow Jones is 1,000 points down since Bernanke's testimony in Congress, through Bush/Paulson $150 BILLION plan, through cannonball 75bp rate cut and the arrow is still pointing down.

Fed had 12,000 as the key number, while the market had it way above it, at 12.7K.

Forget it. All markets are correcting very technically since 12.7K, including the carry trades. There is no artificiality to change that. Bulls are sidelined until further "REAL DEAL" clues (economic data, companies earnings/outlook).

Nobody is buying Fed's crap anymore. Since the dreaded testimony last week, the response is being "Sorry, Uncle Ben... Too little, too late"

Another 75bp next week? Sell the rally (AGAIN)
  • #95
  • Jan 23, 2008 11:21am Jan 23, 2008 11:21am
Harsh words from Davos, about Bernanke. And I thought I was harsh. LOL...

I don't know when they will come up with "his head, please", but I take the opportunity to suggest a model.

http://antiquecat.davidweatherford.c...s/1501-007.jpg
  • #96
  • Jan 23, 2008 11:54am Jan 23, 2008 11:54am
Quoting SunTrader
Yeah we'll see what Trichet does in the coming weeks as the US probably chops another 1/2 at the end of the month and again another 1/4 / 1/2 next meeting and the Eurozone goes in the dumper because of the US$ further pricing advantage. i.e. Airbus/Etc looking to establish US manufacturing.

Funny how politics starts to rear its ugly, and I do mean ugly, head when these things start to happen.
Ah, but I have a really great conspiracy theory for this!

See, Trichet knows that if he does nothing that the stock markets will fall, BUT! he also knows that the euro/yen will go to hell, in turn, with its fierce demise, possibly also breaking down the euro(due to both the EJ unwind and stop run and the causing of a flight to quality / panicked USD/Tbill buying, thereby solving all of the problems of the strong euro), and, what's even better, making an export to the asian countries more attractive! It's a secret plot to undermine the power of Toyota! The Volkswagen Komplott! Or maybe in his case more the Peugot or Citroen

See, he has it all figured out!
AND he stays true to the inflation fighting mission at the same time! What a guy!

(did I mention the salt whilst reading yet )
Trust price. Know yourself.
  • #97
  • Jan 23, 2008 1:01pm Jan 23, 2008 1:01pm
anyone else get the feeling that the PPT has been hard at work in the last few days? the price action sure looks strange to me. almost seems like bargain hunters are jumping in during certain periods of the day, but realistically i cant see people bargain shopping at this point.
Relax and be happy.
  • #98
  • Jan 23, 2008 1:06pm Jan 23, 2008 1:06pm
Quoting SeekingLight
AND he stays true to the inflation fighting mission at the same time! What a guy!
trichet, like bernanke, is in quite a bind. inflation is certainly higher than they would like to see, but at what cost do they fight it? back to the fed-as-leading-indicator theory... do you remember when greeny started raising rates a few years ago? notice how trichet, and many of the other central bankers were late to that party? the current party is about growth, when will trichet arrive??
Relax and be happy.
  • #99
  • Jan 23, 2008 1:19pm Jan 23, 2008 1:19pm
Quoting SeekingLight
The Volkswagen Komplott! Or maybe in his case more the Peugot or Citroen
But does anyone besides the French buy these imitations of a functionable form of transportation?
  • #100
  • Jan 23, 2008 1:20pm Jan 23, 2008 1:20pm
Quoting merlin
when will trichet arrive??
Any day now.
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