Or watch the craziness from the sidelines and keep your pips. But A.J looked so good and so was the trade. I couldn't stay on the sidelines too long
Patience + Humility + Study = Success
Cesarnc's market talk, gossips, rumours & fun
- #7,801
- Apr 18, 2008 1:44pm Apr 18, 2008 1:44pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
- #7,802
- Apr 18, 2008 1:44pm Apr 18, 2008 1:44pm
- Joined Jul 2007 | Status: C.E.O of BWR Investment firm | 4,736 Posts
Just Trade It
- #7,803
- Apr 18, 2008 2:12pm Apr 18, 2008 2:12pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #7,804
- Apr 18, 2008 2:16pm Apr 18, 2008 2:16pm
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Humble Lifetime Member
- #7,805
- Apr 18, 2008 2:30pm Apr 18, 2008 2:30pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Oil at 114.00
All saying the bubble is yet in the inflationary phase. A burst will come, but now it's time to wait.
As it's all the dollar-related assets, imo. Soon will be time to long dollar.
I liked the way GJ is behaving these days. 208.00 is as heavy area as 12.8k in Dow. Decision level.
If both pop above their key levels, they will become strong supports. It will be supermarket time
- #7,806
- Apr 18, 2008 3:26pm Apr 18, 2008 3:26pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Any similarities is purely coincidental 
"Investors just want to know what's on their plate, even if they don't like the taste, and that's what Citigroup provided, along with a plan for recovery."
-CNBC
http://pictopia.com/perl/get_image?p...hoto_id=269771
F*ck the bones. It's the meat in the between that matters
or
No problem it's the leg. Could be way worse.
"Investors just want to know what's on their plate, even if they don't like the taste, and that's what Citigroup provided, along with a plan for recovery."
-CNBC
http://pictopia.com/perl/get_image?p...hoto_id=269771
F*ck the bones. It's the meat in the between that matters
or
No problem it's the leg. Could be way worse.
- #7,807
- Apr 18, 2008 4:16pm Apr 18, 2008 4:16pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
There are several comments about the commodities bubble. From Brazilian analysts (well, 60% of Brazilian stock market are the oil and iron companies) and International.
All saying the bubble is yet in the inflationary phase. A burst will come, but now it's time to wait.
As it's all the dollar-related assets, imo. Soon will be time to long dollar.
I liked the way GJ is behaving these days. 208.00 is as heavy area as 12.8k in Dow. Decision level.
If both pop above their key levels, they will become strong supports. It will be supermarket time
Which will make next week, very interesting....
Time for Happy Hour to begin.....
Have a great weekend...
HOLLA
- #7,808
- Apr 18, 2008 5:59pm Apr 18, 2008 5:59pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Which will make next week, very interesting....
:surprised
- #7,809
- Edited 9:18am Apr 19, 2008 9:01am | Edited 9:18am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
I like your thinking, also 2.4000 on the pound sounds good too, per Ash's post.
Which will make next week, very interesting....
Time for Happy Hour to begin.....
Have a great weekend...
HOLLA
Everybody be careful, Even though the DOW broke through the resistance of 12800 the S&P was not able to break through 1400. A Break of 1400 would confirm the breakout of the DOW.
Next week should be interesting.
Humble Lifetime Member
- #7,810
- Apr 19, 2008 9:02am Apr 19, 2008 9:02am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Everybody be careful, Even though the DOW broker through the resistance of 12800 the S&P was not able to break through 1400. A Break of 1400 would confirm the breakout of the DOW.
Next week should be interesting.
Patience + Humility + Study = Success
- #7,811
- Apr 19, 2008 9:18am Apr 19, 2008 9:18am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
I've got my board, I'll be surfing either way.
Humble Lifetime Member
- #7,812
- Apr 19, 2008 9:37am Apr 19, 2008 9:37am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Humble Lifetime Member
- #7,813
- Apr 19, 2008 9:40am Apr 19, 2008 9:40am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #7,814
- Apr 19, 2008 11:27am Apr 19, 2008 11:27am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
ECB Hints at Rate Rise if Inflation Stays High
ECB, INTEREST RATES, INFLATION, EURO ZONE, EURO, DOLLAR, FED, FOOD PRICES, OIL PRICE
By Reuters
Reuters
| 19 Apr 2008 | 11:36 AM ET
Wage and fiscal policy in the euro zone could buoy inflation and the European Central Bank may need to act on interest rates, ECB policymaker Axel Weber said in a newspaper interview released on Saturday. (Should have released it on Friday
)
"I am concerned that, with regard to the conduct of wage and fiscal policy, the recent temporary heightened inflation rate could be consolidated for longer than is necessary above the tolerance level of the Eurosystem," said Weber, a member of the ECB's Governing Council.
"Should indications of this increase, we must react with interest rate policy," he added in an interview with Germany's Welt am Sonntag.
"We are therefore observing the current wage agreements and finance policy decisions very closely." The ECB has kept interest rates at 4 percent for the last 10 months while the U.S.
Federal Reserve, the Bank of England and the Bank of Canada have cut their benchmark rates in the face of accelerating inflation and uncertainty about the impact of a global credit crisis on the world economy.
Another ECB Governing Council member, Austria's Klaus Liebscher, told Reuters on Friday that no room exists to cut euro zone interest rates and rate rises could not be ruled out.
Weber told Welt am Sonntag: "Our primary goal is price stability." Surging energy and food prices pushed euro zone inflation to a new high of 3.6 percent in March, well above the ECB's target of just below 2 percent.
"We must make sure that inflation expectations remain stable, and that the higher prices now do not lead to higher wages and salaries. Because that would inevitably start off a wage-price spiral," Weber said.
Dubbed a "mega wage year" by Germany's biggest industrial union, 2008 has already delivered the biggest pay rises in 16 years for the public sector and steel workers.
In the last two years, Germany has enjoyed its strongest burst of economic activity since reunification in 1990 and workers want a greater share of the success after years of wage moderation that helped boost firms' profitability.
The pressure for wage rises comes despite widespread concerns that the economy is slowing.
The government expects growth to slow to 1.2 percent in 2009 from 1.7 percent this year, the Frankfurter Allgemeine Zeitung reported on Friday.
Weber said the economy was in solid shape. "The economy in the euro zone and Germany is robust, despite the financial market turbulence," he said.
"We do not see the turbulence on the financial markets leaving a marked impact on the economy in Germany or the euro zone," he added.
Copyright 2008 Reuters. Click for restrictions.
URL: http://www.cnbc.com/id/24213873/
ECB, INTEREST RATES, INFLATION, EURO ZONE, EURO, DOLLAR, FED, FOOD PRICES, OIL PRICE
By Reuters
Reuters
| 19 Apr 2008 | 11:36 AM ET
Wage and fiscal policy in the euro zone could buoy inflation and the European Central Bank may need to act on interest rates, ECB policymaker Axel Weber said in a newspaper interview released on Saturday. (Should have released it on Friday
)"I am concerned that, with regard to the conduct of wage and fiscal policy, the recent temporary heightened inflation rate could be consolidated for longer than is necessary above the tolerance level of the Eurosystem," said Weber, a member of the ECB's Governing Council.
"Should indications of this increase, we must react with interest rate policy," he added in an interview with Germany's Welt am Sonntag.
"We are therefore observing the current wage agreements and finance policy decisions very closely." The ECB has kept interest rates at 4 percent for the last 10 months while the U.S.
Federal Reserve, the Bank of England and the Bank of Canada have cut their benchmark rates in the face of accelerating inflation and uncertainty about the impact of a global credit crisis on the world economy.
Another ECB Governing Council member, Austria's Klaus Liebscher, told Reuters on Friday that no room exists to cut euro zone interest rates and rate rises could not be ruled out.
Weber told Welt am Sonntag: "Our primary goal is price stability." Surging energy and food prices pushed euro zone inflation to a new high of 3.6 percent in March, well above the ECB's target of just below 2 percent.
"We must make sure that inflation expectations remain stable, and that the higher prices now do not lead to higher wages and salaries. Because that would inevitably start off a wage-price spiral," Weber said.
Dubbed a "mega wage year" by Germany's biggest industrial union, 2008 has already delivered the biggest pay rises in 16 years for the public sector and steel workers.
In the last two years, Germany has enjoyed its strongest burst of economic activity since reunification in 1990 and workers want a greater share of the success after years of wage moderation that helped boost firms' profitability.
The pressure for wage rises comes despite widespread concerns that the economy is slowing.
The government expects growth to slow to 1.2 percent in 2009 from 1.7 percent this year, the Frankfurter Allgemeine Zeitung reported on Friday.
Weber said the economy was in solid shape. "The economy in the euro zone and Germany is robust, despite the financial market turbulence," he said.
"We do not see the turbulence on the financial markets leaving a marked impact on the economy in Germany or the euro zone," he added.
Copyright 2008 Reuters. Click for restrictions.
URL: http://www.cnbc.com/id/24213873/
Humble Lifetime Member
- #7,815
- Apr 19, 2008 12:55pm Apr 19, 2008 12:55pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #7,816
- Apr 19, 2008 1:38pm Apr 19, 2008 1:38pm
Me thinks the Europeans don't want a weak Euro. Might see 170 on EJ
- #7,817
- Apr 19, 2008 1:41pm Apr 19, 2008 1:41pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
You are not european right ? :lol: This euro is not a mirror of the whole european economy..it's a mirror of the German economy.Countries like Spain,Portugal,Italy etc ..are suffering from this strong euro.U wrote u're a fundamental trader ..so I think u should read a bit of Macroeconomics etc..and come back and try again
Patience + Humility + Study = Success
- #7,818
- Apr 19, 2008 3:58pm Apr 19, 2008 3:58pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
I've got my board, I'll be surfing either way.
HOLLA
- #7,819
- Apr 20, 2008 7:26am Apr 20, 2008 7:26am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
I'll put my board in the sand next to the cooler full of beer until I see a good wave, while I watch those beautiful women Cesarnc keeps showing me...
HOLLA
But when I do that, it usually ends up women full of beer, I covered in sand inside of the cooler watching the beautiful waves taking the board away.
- #7,820
- Apr 20, 2008 7:27am Apr 20, 2008 7:27am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
I'm talking about the minister pal they keep yapping about inflation, does that sound dovish?, and my EU passport tells me I'm European.
For The Cable: Dutch is "Fundamentaly Technical".
Humble Lifetime Member