Wall Street close watch | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

NY Close vs GMT Close 6 replies

How to close order on BAR close? 6 replies

Need help!! Close order on this bar close 5 replies

Seeking Correct Open/Close - It's Close but ... 0 replies

which pairs to watch at which open/close 5 replies

Attachments: Wall Street close watch
Exit Attachments

Wall Street close watch

  • #281
  • Mar 12, 2008 9:24pm Mar 12, 2008 9:24pm
Now that is funny... Nimrod needs to keep his mouth shut!!!
Check Mate GAME OVER
  • #282
  • Mar 12, 2008 9:26pm Mar 12, 2008 9:26pm
Quoting cesarnc
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
If your in the U.S. even sidlines action will loss money!
Check Mate GAME OVER
  • #283
  • Mar 13, 2008 1:51am Mar 13, 2008 1:51am
100 UJ hit

More proof a carry unwind doesn't require / always come with USD buying - a USD selloff will do just fine as well.

NOW things are interesting. Maybe we can also get 1.0 USDCHF this week?
Trust price. Know yourself.
  • #284
  • Mar 13, 2008 1:56am Mar 13, 2008 1:56am
Quoting SeekingLight
100 UJ hit

hit and blown in fact....

what happened to the bernakke bandaid???? he he


it only cost the taxpayers another 200 billion for that silly Bernakke Bandaid.... and oh boy what an effect it had! we had a one day rally!!!!!!!!!!!! if u wonder what happened to your 401 k this month...


just go to post above and print yourself a picture of the benakke bandaid.....
  • #285
  • Edited 1:57am Mar 13, 2008 1:56am | Edited 1:57am
Quoting SeekingLight
100 UJ hit

More proof a carry unwind doesn't require / always come with USD buying - a USD selloff will do just fine as well.

NOW things are interesting.


And we had individuals buying UJ at 101.xx
Humble Lifetime Member
  • #286
  • Edited 2:22am Mar 13, 2008 2:03am | Edited 2:22am
Quoting Ash


And we had individuals buying UJ at 101.xx
Some buy the 101.5 area, some sell the rally off of it

I believe that if that weekly EJ TL I posted several times now goes we may just give Trichet his correction on the EURUSD he's so anxious about.

One more trigger for the panic mood and we might go into phase II again (UJ, xxxJPY and major or exotic pair connected all sell off in unison in a blastout blowout sale party). Then those "blink and 100 pips are gone" moves might return. Or maybe I'm just nostalgic.

Btw, to follow up on that "of course there's things to hold for > 1 day" and my usual "it pays to hold onto your trades theme" - the latest UJ swingtrade I am still in and traded actively is shorts from 107.30/107.55.
Then "worked it" a bit, i.e. TP on some addons at 101.90 initially, re-sell rallies, TP again at/below 102, move up stops, wait and see what this area says..

It's just a question of belief and trading it imho. I haven't been a bullish/bearish stock market/carry trade flip flopper, announcing doom and salvation in turn every 2 weeks, but simply stayed bearish since, hm, what, July 2007?
Made it much easier when looking for trades on UJ
There was a fight with the retraces once or twice but that's it...the rest is just waiting and holding..
(I could have not posted my bearishness to every newspost in existance maybe, but at least hey, here we are, no...now let's see where it can go)

"We've only just begun"(?)..

Who here can see a UJ below 100? (I posted a chart aiming for 80 mid term last night in my journal I suspect it can also go past that as well if we do truly descend below 95..)
Trust price. Know yourself.
  • #287
  • Mar 13, 2008 3:11am Mar 13, 2008 3:11am
Yeah it looks like BoJ intervention ahead of 100.00 has not materialized, so we may be cleared for 80.00 sooner rather than later.
  • #288
  • Mar 13, 2008 3:45am Mar 13, 2008 3:45am
Quoting SeekingLight
Who here can see a UJ below 100? (I posted a chart aiming for 80 mid term last night in my journal I suspect it can also go past that as well if we do truly descend below 95..)
its going back up,..i guess we have the usual +200, 250 up, then the usual 350 down...i dont see canadians, below 100,....yet.
its just money
  • #289
  • Mar 13, 2008 3:56am Mar 13, 2008 3:56am
Ah and I see Gold is going for the big 000s as well, good good

1.0 USDCHF, 100 UJ, 1000$ gold, 110$ oil.... 1 and 0, popular digits!
Binary code markets!


Well Ben there goes your plan
sorry Man guess ya can't but
try try and try again


*goes to look for his DAX forecast chart as it just might come to unravel soon*
Trust price. Know yourself.
  • #290
  • Mar 13, 2008 4:33am Mar 13, 2008 4:33am
Both lyrics and song are just so fitting if taken with a grain of salt and interpretative liberty:

Inserted Video


Lyrics:
http://www.sing365.com/music/lyric.n...256A220007CD65

Excerpt:
A suited man smiled said:
"It's just a matter of time
You can have the world at your feet by tomorrow
just sign on this line."
(that was the guy selling you your mortgage)
/
(Ben Bernanke's segment next)
In a dimly lit room with a stool as his stage
a dream-stricken prince of a pauper's descent
haunts the eavesdropping silence
that presses his window
as he sweats a performance
to an audience that ticks on the walls
/
(subprime / housing mess / stock market / bubble)
To the practical observer
It's just a matter of time
"You can deviate from the commonplace
only to fall back in line."
I understand mine's a risky plan
and your system can't miss
/
(and market traders/investors)
With every rising sun that yields no sight of land
the hesitation cultivates within the tired man
and rumors spread of mutiny
and though the time will come when dream and day unite
tonight the only consolation causing him to fight
is fearless faith in destiny
(i.e. every bear market will have to end some day...but..when?)
Trust price. Know yourself.
  • #291
  • Mar 13, 2008 6:32am Mar 13, 2008 6:32am
Good stuff all around. Who the hell buys UJ at this moment?
Patience + Humility + Study = Success
  • #292
  • Mar 13, 2008 6:33am Mar 13, 2008 6:33am
Quoting DutchTrader
Good stuff all around. Who the hell buys UJ at this moment?
The same Individuals who were long "GU" from 2.05 when "GU" was at 1.96xx.
Humble Lifetime Member
  • #293
  • Mar 13, 2008 6:49am Mar 13, 2008 6:49am
Quoting Ash
The same Individuals who were long "GU" from 2.05 when "GU" was at 1.96xx.
Only 125 to break even now then! Lucky them! ;p
Trust price. Know yourself.
  • #294
  • Mar 13, 2008 6:53am Mar 13, 2008 6:53am
Quoting SeekingLight
Only 125 to break even now then! Lucky them! ;p
Gold will most likely hit $1000 today and oil over $111.
Humble Lifetime Member
  • #295
  • Mar 13, 2008 11:00am Mar 13, 2008 11:00am
If anyone is wondering where that 160 pip rally-for-no-reason came from - it was me, I left the house to go shopping at 11900, came back to 12030.

I guess without me spreading my usual bearishness the markets simply concluded that things must be all good again.
Trust price. Know yourself.
  • #296
  • Mar 13, 2008 11:19am Mar 13, 2008 11:19am
As for the news from the liars den:

S&P Says End in Sight for Writedowns on Subprime Debt
http://www.bloomberg.com/apps/news?p...W0A&refer=home

Compare to:
http://bigpicture.typepad.com/commen...re-broker.html

and

http://bigpicture.typepad.com/commen...e-mac-ceo.html

Quote
Freddie Mac Chief Executive Office Richard Syron had some rather astounding comments to analysts today:

- HOME PRICE DROPS "ONLY" ONE THIRD DONE
- WE'RE IN A 100-YEAR STORM IN HOUSING
- US IS IN WORST HOUSING MARKET IN A CENTURY
- APARTMENT'S ROLE IN HOUSING TO BE "MUCH BIGGER"


Too bad nobody really has any credibility left, no?

Now where's that study again that estimated close to $600 bln total writedown volume...
Trust price. Know yourself.
  • #297
  • Mar 13, 2008 11:21am Mar 13, 2008 11:21am
"eehhh.. ohaio honey see? i donta heavy a goodi news, ok? eehhrrr... I-I hada stopelosse at the one hudreded, you know? honey? honey?"
Attached Image
  • #298
  • Mar 13, 2008 11:27am Mar 13, 2008 11:27am
Let me add another "good reason" for the DJI rally...

Hedge fund on verge of collapse

Quote
"Almost within the blink of an eye, a business that had borrowed $21bn from the world's biggest banks to invest in high-quality mortgage-backed securities will be gone, liquidated, kaput," said BBC business editor Robert Peston.
http://news.bbc.co.uk/1/hi/business/7293663.stm


It can't be european money buying these stocks, no?


See also

Carlyle Capital Nears Collapse as Rescue Talks Fail
http://www.bloomberg.com/apps/news?p...E5M&refer=home


And let me put this one in bold:

Quote
The irony of CCC's problems is that the measures brought in to help ease the global credit crunch, may actually have exacerbated the situation.


Earlier this week, the US Federal Reserve, the Bank of England, the European Central Bank and other central banks said they would pump $200bn into financial markets to stimulate lending.


As part of their plan, they would allow lenders to put up the problematic mortgage-backed securities as collateral for the new central bank-backed loans they were offering.


However, instead of underpinning the mortgage-backed securities market, it seems to have had the opposite effect, giving lenders an opportunity to dump the risky asset.


"The Fed's new lending emergency lending facility allows the banks to swap mortgage-backed debt for Treasury Bills in a way that Carlyle could not do," said the BBC's business editor.


"So it would be rational for the banks to take Carlyle's assets and exchange them for top-quality, liquid US government bonds, rather than leave loans in place to a business, Carlyle, whose assets remained highly illiquid."


Ouch.
Trust price. Know yourself.
  • #299
  • Mar 14, 2008 7:51am Mar 14, 2008 7:51am
OK so US Headline and Core CPI month on month just came in at 0.0%

INFLATION HAS BEEN CONTAINED. Clearly, the fact that everyone knows prices of everything are going up, the fact that the Fed is printing hundreds of billions of dollars while the amount of goods produced is decreasing, AND the fact that certain commodities have risen nearly 100% in a year means nothing.

Inflation is ZERO. That's their story and they're sticking to it.
  • #300
  • Mar 14, 2008 8:01am Mar 14, 2008 8:01am
Quoting fierceman
OK so US Headline and Core CPI month on month just came in at 0.0%

INFLATION HAS BEEN CONTAINED. Clearly, the fact that everyone knows prices of everything are going up, the fact that the Fed is printing hundreds of billions of dollars while the amount of goods produced is decreasing, AND the fact that certain commodities have risen nearly 100% in a year means nothing.

Inflation is ZERO. That's their story and they're sticking to it.
I held myself back not to post this in the hope someone else would

Dito...oh so dito...let's also add Oil and Wheat and Sugar and...well, you get the idea
Trust price. Know yourself.
0 traders viewing now