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Wall Street close watch

  • #261
  • Mar 11, 2008 10:12am Mar 11, 2008 10:12am
Quoting smjones
Well I hate to keep harping on this, but look at the small volume of this rally. I would call this a bounce. Hey where's my cat?
Yeah, where is Felix?
Humble Lifetime Member
  • #262
  • Mar 11, 2008 10:13am Mar 11, 2008 10:13am
Quoting fierceman
All our troubles are over now that the Fed took this decisive step... I think DJI is heading up to 15,000 in a straight line .




20,000 at least! lol yeah right! ha ha i love this thread! u guys are so funny!!!!!
  • #263
  • Mar 11, 2008 11:19am Mar 11, 2008 11:19am
Quoting dagoods






20,000 at least! lol yeah right! ha ha i love this thread! u guys are so funny!!!!!
Dude, laughing is the least we can do in forex. Option number 2 is the mental facilities.

PS: has anybody ever had 5 trades in the red then woke up to find himself totally, like TOTALLY, in the green? I am so happy I even forgot the sight of that ugly woman in the elevator!
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #264
  • Mar 11, 2008 11:22am Mar 11, 2008 11:22am
Quoting Plutonite
Dude, laughing is the least we can do in forex. Option number 2 is the mental facilities.

PS: has anybody ever had 5 trades in the red then woke up to find himself totally, like TOTALLY, in the green? I am so happy I even forgot the sight of that ugly woman in the elevator!
Now dude, that's funny.
Humble Lifetime Member
  • #265
  • Mar 11, 2008 11:59am Mar 11, 2008 11:59am
Quoting Plutonite
I am so happy I even forgot the sight of that ugly woman in the elevator!
I guess my ex-girlfriend finally got out of the house
  • #266
  • Mar 11, 2008 1:20pm Mar 11, 2008 1:20pm
Quoting fierceman
I guess my ex-girlfriend finally got out of the house

If I see her again I'll tell her the "fierce" ex says hi!!

btw I bet anything the current rally will give rise to a short term (1 week or so) dollar show of strength. Some mighty reversals on the dollar pairs going against immense trends. I am very excited (usually this happens before I make mistakes).
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #267
  • Mar 11, 2008 1:49pm Mar 11, 2008 1:49pm
Is this another one of those "in an environment of USD weakness and rampant inflation, we shall add another 200 billion burden on ourselves to get out of the muck" strokes of genius or am I missing the pure ingenuity of it all? (I tend to do that when the market does things that make no real sense to me )

Back above 12k DJI, what's next?
Deflection at 12250? 12175? 12100? Rally to fifty million gazillion shmazillion as an endless stream of Fed opiate indulging permabulls feast upon their secluded bubble reality perpetuation fodder?

I think I should go get myself something to eat..

Endless rally skyward? Why yes, of course, all is well..all is well..
Trust price. Know yourself.
  • #268
  • Mar 11, 2008 3:02pm Mar 11, 2008 3:02pm
Quoting SeekingLight
Is this another one of those "in an environment of USD weakness and rampant inflation, we shall add another 200 billion burden on ourselves to get out of the muck" strokes of genius or am I missing the pure ingenuity of it all? (I tend to do that when the market does things that make no real sense to me )

Back above 12k DJI, what's next?
Deflection at 12250? 12175? 12100? Rally to fifty million gazillion shmazillion as an endless stream of Fed opiate indulging permabulls feast upon their secluded bubble reality perpetuation fodder?

I think I should go get myself something to eat..

Endless rally skyward? Why yes, of course, all is well..all is well..
Ok, DOW up +400 points.....WTF?
Humble Lifetime Member
  • #269
  • Mar 11, 2008 3:26pm Mar 11, 2008 3:26pm
Quoting Ash
Ok, DOW up +400 points.....WTF?
Best day in 5 years... Well, worst year start in 5 years also...

Which just help me get more clueless than 5 minutes ago LOL
  • #270
  • Mar 11, 2008 4:24pm Mar 11, 2008 4:24pm
jeez what the heck happend today?!?! central bankers gone loopy? i oversleep one day and miss all the action
Relax and be happy.
  • #271
  • Mar 11, 2008 5:26pm Mar 11, 2008 5:26pm
Quoting merlin
jeez what the heck happend today?!?! central bankers gone loopy? i oversleep one day and miss all the action
Oversleep ? Like a short 16 hours oversleep?
  • #272
  • Mar 11, 2008 5:36pm Mar 11, 2008 5:36pm
As long as inflation is contained I am not unhappy. You may argue that this is impossible, and that this move is political more than based on economics, but i don't think the Fed works that way.

Of course I never read Greenspan's books either. Floor is with the lucky ones who did.

*bows out gracefully*

PS: lol @ merlin. Don't worry it's only Tuesday.

Quoting SeekingLight
Is this another one of those "in an environment of USD weakness and rampant inflation, we shall add another 200 billion burden on ourselves to get out of the muck" strokes of genius or am I missing the pure ingenuity of it all? (I tend to do that when the market does things that make no real sense to me )

Back above 12k DJI, what's next?
Deflection at 12250? 12175? 12100? Rally to fifty million gazillion shmazillion as an endless stream of Fed opiate indulging permabulls feast upon their secluded bubble reality perpetuation fodder?

I think I should go get myself something to eat..

Endless rally skyward? Why yes, of course, all is well..all is well..
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #273
  • Edited Mar 12, 2008 12:42am Mar 11, 2008 6:02pm | Edited Mar 12, 2008 12:42am
Quoting Plutonite
As long as inflation is contained I am not unhappy. You may argue that this is impossible, and that this move is political more than based on economics, but i don't think the Fed works that way.

Of course I never read Greenspan's books either. Floor is with the lucky ones who did.

*bows out gracefully*

PS: lol @ merlin. Don't worry it's only Tuesday.

ists a psycholgy boosting gesture by the USA IMWO (in my worthless opinion) telling the banks that need not fear to lend again............ it says hey banks we got cha back yo! of course its a bandaid on a dam right now....but its a shot across the bow for big bears as well........ its a little dont mess with the US warning....... If banks are convinced that the US will bail them out..it may actually have an effect....hard to beleive i know..............but it will be relatively short lived............... we all know that............ the US has a lot more bleeding to go yet.....there is no plugging the wound until it runs its course...thats just historically the way it is.............. cycles........ but temporarily i wouldnt underestimate it...it may work I doubt it.... but it may....... i also never underestimate the greed of the big boys that LOVE the carry interest.........


my useless 2 cents and blabber for the day!
Attached Images
  • #274
  • Mar 12, 2008 7:09am Mar 12, 2008 7:09am
Found this while discussing gas/petrol prices with a friend who said "meh, it's cheap in the USA anyway" while I doubted..

Find this an interesting link, so I'm sharing:

http://www.gasbuddy.com/gb_retail_pr...t.aspx?time=24

And I love charts.

No potential source for inflation visible since 2007, huh

Also, despite being quite outdated, I found this comparison interesting:
http://www.kshitij.com/research/petrol.shtml
Trust price. Know yourself.
  • #275
  • Mar 12, 2008 3:13pm Mar 12, 2008 3:13pm
Seems rallies were literally "half-"hearted...retrace to 50% of the last swing and then collapse

Here's a piccie...even made a nice little setup for us all (no stochs required! ;p).

Let's see what dire desperate measures we'll get ahead of the official meeting as we near the abyss again, huh

(if this is already the true beginning of THE next attempt lower)
Attached Image
Trust price. Know yourself.
  • #276
  • Mar 12, 2008 3:24pm Mar 12, 2008 3:24pm
All kinds of hedge fund goodies have been bubbling up to the surface lately. While this is hardly unexpected, it cannot possibly inspire confidence in the markets.
  • #277
  • Mar 12, 2008 4:41pm Mar 12, 2008 4:41pm
Quoting merlin
jeez what the heck happend today?!?! central bankers gone loopy? i oversleep one day and miss all the action
happens to me constantly. but then again, the whole point of this for me is to be able to afford a 16-hour nap har
  • #278
  • Mar 12, 2008 5:10pm Mar 12, 2008 5:10pm
The very same reason for "best day in 5 years" yesterday (Fed plan) was the reason for today`s drop (Fed plan not gonna work sentiment)

Irrational stupidity still rules...

And I'm still sidelined as I'm looking for a higher term opportunity. These days, "higher than 1 day opportunity" means breakeven at best.

I have a great strategy to breakeven with zero risk. It's called "sideline"*

*PS. this strategy was developed by NASA in association with M.I.T. I shouldn`t be disclosing it, but I like you guys. Just please, take it as For Yours Eyes Only
  • #279
  • Mar 12, 2008 5:54pm Mar 12, 2008 5:54pm
Quoting cesarnc
These days, "higher than 1 day opportunity" means breakeven at best.

Shorting UJ (or the USD for that matter) for > 1 day has worked a treat here
Trust price. Know yourself.
  • #280
  • Mar 12, 2008 7:05pm Mar 12, 2008 7:05pm
king ding dong himself opens his mouth again!!!!!!!



"The dollar fell to the lowest since 1995 against the yen after U.S. President George W. Bush said the dollar is ``adjusting.''

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