Cesarnc's market talk, gossips, rumours & fun

Lets see if this gets ignored today....doubtful.
DJIA due for a nice drop along with carries.

I think this is also a chance for people to get right before the G7. Just my thought.

As did Yen pairs...

Seems like Friday Bloody Friday to me

We're about to lose 199.53 on GJ. 198 anyone? anyone?

I guess this is not good bad but bad bad bad.

I'll take 196.50

Below 198 it might trigger a bearish setup in the daily. Target mid 180s

Same setup might be triggered in UJ around 100

"GE stinks" bad :

Love bloody Friday's along with Bloody Monday's.

WTF is up with this thread? When the BS markets are rallying, no one comes to this thread but when Shit is hitting the Ceiling, everyone shows up?

Oh, yeah, forgot for a moment, we're hyena's.

http://www.liv.ac.uk/%7Esdb/Safari-2...res%20kill.jpg

Yeah, they get what's leftover when the hyena's are done.

Alright, alright and I will bring refreshments more often as well.

That's better.

We now have geniuses touting the trend in GJ as having changed from down to up. someone post the damn dancing bear again!!

Dow -96 and we're not open yet, I'm thinking a -300 day today, or maybe a +400

GE is one the 30 that makes up the DOW 30. It will pull the DOW down (Imvho) and I don't think anyone would want to go long over weekend unless someone is on a Kamikaze mission (imvho).

Not to mention it's a chance for people to square before the G7 this weekend. You know the Yuan, with the Yen as their proxxy, will be talked about.

Someone say something about the Yuan?

From the NYTimes today:-

April 10, 2008

Yuan Hits Milestone Against Dollar

By DAVID BARBOZA
BEIJING — China’s currency, the yuan, rose against the dollar on Thursday, reaching a milestone that is just the latest sign of this country’s growing economic power.
For the first time in more than a decade, the dollar bought less than 7 yuan, ending the day close to 6.9920, a situation that specialists say will probably make Chinese-made goods more expensive for American consumers and possibly contribute to inflation in the United States.
The gains for the Chinese currency have come after Beijing’s decision to end a longstanding peg to the dollar in July 2005, when a single dollar bought about 8.3 yuan or renminbi.
Beijing lifted the peg after American and European officials had complained for years that the yuan was set artificially low, making Chinese goods cheaper than they would normally be and giving China an unfair trade advantage.
The result, many officials said, was massive trade surpluses for China and job losses for Americans and Europeans who could not compete.
But this year, partly because of soaring inflation at home and fears the Chinese economy could be overheating, China’s leaders have allowed their currency to appreciate more quickly against the dollar.
The yuan has gained about 16 percent against the dollar since the peg ended in 2005, including about 4.5 percent this year.
Some analysts believe the yuan will continue to rise, possibly reaching 6.5 yuan to the dollar by the end of the year.
The changes are coming as dollar weakens against other currencies, including the euro, sapping American buying power overseas.
Indeed, despite the yuan’s rise against the dollar, the Chinese currency has actually weakened against the euro in the last year. European officials continue to worry about growing trade deficits with China.
For China, though, the yuan’s climb against the dollar is helping partially offset the rising cost of goods it imports — like oil, grains and raw materials — many of which are priced in dollars.
“China wants to slow down the pace of rising commodity prices, and curb inflation,” says Li Daokui, an economist at Tsinghua University in Beijing. “Meanwhile, the appreciating renminbi is a signal the Chinese government is sending to the export companies to switch away from the U.S. and other overseas markets and turn toward the domestic market.”
Many specialists believe the shifting fortunes of the yuan and the dollar are healthy for the global economy because they reflect the reality of a weakening American economy and China’s growing wealth.
Before, many economists complained, America was consuming far too much and China was overproducing and not consuming enough.
“This is helping rebalance the global economy,” an economist at Credit Suisse, Dong Tao, said. “But this is also very significant for China’s export sector. We forecast that as many as one third of export manufacturers may close down over the next three years.”
The closures, he said, may be the result of a loss of competitiveness for low-cost manufacturers in China, many of whom operate on thin margins and sell cheap goods to the United States.
For their part, American officials have largely welcomed the rise of the yuan, saying the gains could help dampen America’s widening trade deficit with China and also make American goods more attractive to Chinese consumers.
The Treasury Secretary Henry M. Paulson Jr. applauded recent gains in the yuan during a visit to Beijing earlier this month, calling them “significant and welcome” but also saying he would like Beijing to allow its currency to float more freely.

http://up.nytimes.com/?d=0/4/27&t=&s...wanted%3dprint http://www.nytimes.com/adx/bin/clien...KvG2Q60vaAQ602