Wall Street close watch | Page 25 | 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

  • #481
  • Apr 10, 2008 9:58am Apr 10, 2008 9:58am
Quoting DutchTrader
The stock market is acting as though there are only good tidings ahead. Very strange, but perhaps not.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #482
  • Apr 10, 2008 10:12am Apr 10, 2008 10:12am
Quoting Plutonite
I figured a bit of ironic understatement would work in this case.
Patience + Humility + Study = Success
  • #483
  • Apr 10, 2008 10:54am Apr 10, 2008 10:54am
Holy smokes, we have just returned to the daily open

So much for my "little retrace"! But it seems my posts are still the best indicators there is!
Trust price. Know yourself.
  • #484
  • Apr 10, 2008 9:31pm Apr 10, 2008 9:31pm
Quoting DutchTrader
I figured a bit of ironic understatement would work in this case.
I'm only laughing because I understand perfectly what's going through your mind as you look on at the madness. I have these moments all the time and laugh my ass off. Crazy SOBs.

PS: It's when you write statements like that, that you know you have "conquered" the market dynamics psychologically speaking.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #485
  • Apr 10, 2008 11:08pm Apr 10, 2008 11:08pm
The S&P made a Double Stochastic OverSold Indication at the close of March 31 and it made a continuation if that at the close on Wednesday. Look for the markets to rise from here.
  • #486
  • Apr 11, 2008 6:29am Apr 11, 2008 6:29am
Regardless, this is what happened on the DAX this morning.
Still haven't found any news source's direct curve-fit causality excuse, but I'm sure it will crop up and be used as reason instead of the techs/chart.

Already moved past 2 interim s/r levels, eating 180 DAX points, outmoving yesterday's rally within 5 hours.
Not that we can't shoot up 50 gazillion points again within 15 minutes considering it's Friday and it's a stock market, but whaddayaknow. Time to sit back and see where this goes.
Attached Image (click to enlarge)
Click to Enlarge Name: dax_080411_1h_pin.gif Size: 20 KB
Trust price. Know yourself.
  • #487
  • Apr 11, 2008 7:53am Apr 11, 2008 7:53am
Quoting NewstraderFX
The S&P made a Double Stochastic OverSold Indication at the close of March 31 and it made a continuation if that at the close on Wednesday. Look for the markets to rise from here.
GE lousy earnings trump that.
  • #488
  • Apr 11, 2008 8:10am Apr 11, 2008 8:10am
Quoting SeekingLight
Regardless, this is what happened on the DAX this morning.
Still haven't found any news source's direct curve-fit causality excuse, but I'm sure it will crop up and be used as reason instead of the techs/chart.
Given that I've now read two people cite it as "reason" now and that it's Nr. 1 at the moment on Bloomberg, after them touting exact opposite headlines of higher earnings for $randomotherfolks not 24 hours before(How come one corps bad earnings get to move an INDEX!!!!! more than another corp? Or put differently: how can anyone really seriously believe all this crap..), General Electric has now officially made the cut as today's early scapegoat.

Will be amusing what other things crop up alongside once we, errrr, I mean of course IF we(totally hypothetical at the moment, of course, given everything is priced in market wise, the economy robust and all liquidity problems solved) should ever take out the lows. Impossible as that is, of course(to make this more -or rather less- specific: I am talking about all of CJ's, EJ's, GJ's, DAX, DJI and S&P's lows from March 2008).
Trust price. Know yourself.
  • #489
  • Apr 11, 2008 8:17am Apr 11, 2008 8:17am
SL,

You're kidding right? Why GE might effect an index (Dow30) and in turn effect the DAX.

Or are you referring to something else.

Sun
  • #490
  • Apr 11, 2008 8:27am Apr 11, 2008 8:27am
Yesterday's Wal-Mart earnings are NOT a good sign either... I don't understand why the market took it so well. Wal-Mart earnings improved at the expense of more upscale stores, because the average American is more fiscally restrained these days and therefore turns to bargain hunting at Wal-Mart. GE earnings show a much clearer picture I think.
  • #491
  • Apr 11, 2008 8:57am Apr 11, 2008 8:57am
Quoting SunTrader
SL,

You're kidding right? Why GE might effect an index (Dow30) and in turn effect the DAX.

Or are you referring to something else.

Sun
Yes. I thought it was apparent from the phrasing, but tone is always difficult to achieve on the internet

I was trying to say since when does a single stock determine an index's movement, especially when it's about a company sitting across the Atlantic(and even if that crooked logic worked, why does one do it more so in direction X than another in direction Y).

I was trying to make the point how ridiculous it is - in my eyes - to use singular news items to explain an environmental hazard (there've been news of subprime related writedowns the last x weeks, although they were discarded as being good and healthy, because, why, it's disclosure, and good for faith in the future etc) taking hold.
Also I don't see how the stock could have waited for the DAX / futures to reach a fibonacci retracement, before the single stock were to be moved.

Obviously there are techs on the chart that move things around and singleing out events to explain movements of an index as a whole is nice for that warm, fuzzy "well that explains it!" feeling, but usually falls miles short of the context as a whole in which things occur.
And imho it isn't a single stock or a one day news item, but a chain of events, underlying root causes and levels and boundaries and...well, you get the idea, inside of which things happen.

Not any one blip on one radar in a 50 radar monitoring station

(The fundamental terrorists must be stopped! springs to mind)
Trust price. Know yourself.
  • #492
  • Apr 11, 2008 9:10am Apr 11, 2008 9:10am
12.7K lives to die another day.
  • #493
  • Apr 11, 2008 12:58pm Apr 11, 2008 12:58pm
Quoting NewstraderFX
The S&P made a Double Stochastic OverSold Indication at the close of March 31 and it made a continuation if that at the close on Wednesday. Look for the markets to rise from here.
NFX! always make me happy to see you around these parts especially glad to see you are a bull so i can bury you in debate LOLOL. today i dont have to say much because the tape (and earnings!) is on my side but you can be sure i will have some good arguments if dow breaches 12.8K LOL.
Relax and be happy.
  • #494
  • Apr 11, 2008 1:16pm Apr 11, 2008 1:16pm
Quoting merlin
NFX! always make me happy to see you around these parts especially glad to see you are a bull so i can bury you in debate LOLOL. today i dont have to say much because the tape (and earnings!) is on my side but you can be sure i will have some good arguments if dow breaches 12.8K LOL.
Humble Lifetime Member
  • #495
  • Apr 11, 2008 2:54pm Apr 11, 2008 2:54pm
Quoting SeekingLight
Yes. I thought it was apparent from the phrasing, but tone is always difficult to achieve on the internet

I was trying to say since when does a single stock determine an index's movement, especially when it's about a company sitting across the Atlantic(and even if that crooked logic worked, why does one do it more so in direction X than another in direction Y).

I was trying to make the point how ridiculous it is - in my eyes - to use singular news items to explain an environmental hazard (there've been news of subprime related writedowns the last x weeks, although they were discarded as being good and healthy, because, why, it's disclosure, and good for faith in the future etc) taking hold.
Also I don't see how the stock could have waited for the DAX / futures to reach a fibonacci retracement, before the single stock were to be moved.

Obviously there are techs on the chart that move things around and singleing out events to explain movements of an index as a whole is nice for that warm, fuzzy "well that explains it!" feeling, but usually falls miles short of the context as a whole in which things occur.
And imho it isn't a single stock or a one day news item, but a chain of events, underlying root causes and levels and boundaries and...well, you get the idea, inside of which things happen.

Not any one blip on one radar in a 50 radar monitoring station

(The fundamental terrorists must be stopped! springs to mind)
Obviously you didn't get my tone either.

GE is the - I repeat - THE bellweather stock for the US economy, if not the world. Yes I did say the world. Industrial/Financial/Consumer. We on this side of the ocean just started our "earnings season" and GE is always one of the first to report and the most important, influential advance word on how many others companies in many other industries will do.

It wasn't good therefore the shot heard around the world, fib level or not.

Thats what I believe happened. And I don't care what some TV talking head said about it or the next news to hit the airwaves. They report after the fact and try to figure what brilliant thing to say to explain it.
  • #496
  • Apr 11, 2008 3:31pm Apr 11, 2008 3:31pm
Quoting SunTrader
Obviously you didn't get my tone either.

GE is the - I repeat - THE bellweather stock for the US economy, if not the world.
Great, now I can go into the weekend feeling like a douche for not getting it
(Or maybe a dullard? That lists along it's definitions "1. a person who is not very bright; "The economy, stupid!" " - doesn't that fit perfectly? Hehehe)

Can't I use the "I germans so very badly at engrish skooz my!" card?

I still prefer my fib + PA to give me something to act on before the news hits(that's the thing I can trade as it happens).

Am I the only one wondering how the JPY strenghtened tons more the day before without the massive stock selloff and did a lot less now that the indices did indeed fall steeply?

Wonder if there's a message in that..what's the BOJ been doing lately, anyone know?
Trust price. Know yourself.
  • #497
  • Apr 11, 2008 9:08pm Apr 11, 2008 9:08pm
From the NYT:

General Electric reported a 5.8 percent decline in first-quarter profit on Friday, falling far short of expectations and stunning investors who consider the company one of the nation’s most reliable earners.



*gasp!*



I'm sorry, I just love it when investors get "shocked" or "stunned". Can't stop laughing. Their feelings are so damn important to everybody in this business! How come nobody cares when I'm shocked? I'm shocked,dammit.


OTOH, trading completely without news input for yet another week, I am one happy young man.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #498
  • Apr 13, 2008 7:58pm Apr 13, 2008 7:58pm
Quoting Plutonite
I just love it when investors get "shocked" or "stunned".
me too!

shock leads to panic, panic leads to predictive behavior, and we all know where that leads
Relax and be happy.
  • #499
  • Apr 14, 2008 7:24am Apr 14, 2008 7:24am
Quoting merlin
me too!

shock leads to panic, panic leads to predictive behavior, and we all know where that leads
Predictable behavior, I'll take some of that please.

Btw, shocking rumour going round - we might lose BennyBen!
And that after all those poems and pretty pictorials we gave him!

http://bigpicture.typepad.com/commen...r-bernank.html
Trust price. Know yourself.
  • #500
  • Apr 15, 2008 12:35pm Apr 15, 2008 12:35pm
volcker has a lot of nerve saying something like that, if it is indeed true that he said it

bennyboy is not going anywhere. the subprime crisis was created by greenspan, benny was the lucky kid who inherited the fortune.

btw, it always eerks me when people trash talk the fed chief (even when the trash talking is coming from a former fed chief LOL). benny doesnt control the economy, nor could he if he wanted to. he is only there to steer us in the right direction, which he is doing. when people belittle him it shows how egotistical they are by thinking they know more than the man at the helm, imho.
Relax and be happy.
1 trader viewing now