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Cesarnc's market talk, gossips, rumours & fun

  • #11,721
  • Sep 17, 2008 1:36pm Sep 17, 2008 1:36pm
maybe the only explaination is that market just went psycho...

again...

hehe...
  • #11,722
  • Sep 17, 2008 1:43pm Sep 17, 2008 1:43pm
Quote of the day:
John J. Mack (Morgan Stanley): "... Short sellers are driving our stock down ..."



Oh, really? Well, what should we do? Buy your lousy company???
  • #11,723
  • Sep 17, 2008 1:44pm Sep 17, 2008 1:44pm
I'm sorry to interrupt. But i don't understand the confusion.

For years... the euro is rising... oil is rising... gold is rising.

It stopped for 2 months and today they are rising coming of monstruous support levels.

Its called trend.

Maybe its soon to tell if this is the resume, but.. psyco market?

What the hell? Last time i checked the markets normally bounce or resume near support levels like trend lines.

Psyco why?

Again, im sorry for the interruption, but common you guys trade for years, i just got confused.
  • #11,724
  • Sep 17, 2008 1:44pm Sep 17, 2008 1:44pm
Quoting cesarnc
Watch for new threads called:

"Quitting forex for a while, thanks everybody"
  • #11,725
  • Sep 17, 2008 1:49pm Sep 17, 2008 1:49pm
Quoting Warper
I'm sorry to interrupt. But i don't understand the confusion.

For years... the euro is rising... oil is rising... gold is rising.

It stopped for 2 months and today they are rising coming of monstruous support levels.

Its called trend.

Maybe its soon to tell if this is the resume, but.. psyco market?

What the hell? Last time i checked the markets normally bounce or resume near support levels like trend lines.

Psyco why?

Again, im sorry for the interruption, but common you guys trade for years, i just got confused.
This is an out-of-the-blue move in an unusual time of the day.

GJ went 500 pips up in the last 3 hours in the middle of a storm in the financial markets. (Dow -200 as of now)

This is all but an ordinary day in this market.
  • #11,726
  • Sep 17, 2008 1:54pm Sep 17, 2008 1:54pm
My Petro jumped R$1 (+3%) in the last hour even with Bovespa going down -5%

Whatever hit the market this time, I'm lovin

Get Upa! Get on up! Get Upa! Get on up! Shake your money maker, shake your money maker
  • #11,727
  • Sep 17, 2008 1:59pm Sep 17, 2008 1:59pm
Quoting cesarnc
My Petro jumped R$1 (+3%) in the last hour even with Bovespa going down -5%

Whatever hit the market this time, I'm lovin

Get Upa! Get on up! Get Upa! Get on up! Shake your money maker, shake your money maker
Take a look at gold. The last 2 H4 bars are on steroids.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #11,728
  • Sep 17, 2008 2:02pm Sep 17, 2008 2:02pm
Quoting Plutonite
Take a look at gold. The last 2 H4 bars are on steroids.
Newswires are calling for

Gold Climbs the Most in Nine Years as Investors Seek Haven From Turmoil

But it doesn't seem to be the case here. You don't see inverstors seeking haven with carry trades going up this fast.

UJ is even going up in the current H4. If was a generalized run for cover, UJ would be sniffing snakeshit by now
  • #11,729
  • Sep 17, 2008 2:04pm Sep 17, 2008 2:04pm
Quoting Warper
What the hell? Last time i checked the markets normally bounce or resume near support levels like trend lines.
I see your point, but:
Well, the gold move is actually historic.
A little more than a normal bounce there
  • #11,730
  • Sep 17, 2008 2:05pm Sep 17, 2008 2:05pm
Quoting cesarnc
My Petro jumped R$1 (+3%) in the last hour even with Bovespa going down -5%

Get Upa! Get on up! Get Upa! Get on up! Shake your money maker, shake your money maker
put another R$0.50 in the last 15 min

Get Upa! Get on up! Get Upa! Get on up! Shake your money maker, shake your money maker
  • #11,731
  • Sep 17, 2008 2:16pm Sep 17, 2008 2:16pm
Quoting cesarnc
put another R$0.50 in the last 15 min

Get Upa! Get on up! Get Upa! Get on up! Shake your money maker, shake your money maker
Now that's what I'm talking about.........

HOLLA
  • #11,732
  • Sep 17, 2008 2:17pm Sep 17, 2008 2:17pm
Quoting cesarnc
Watch for new threads called:

"WTF happened to euro"

"What caused the spikes right now"

"Quitting forex for a while, thanks everybody"


HOLLA
  • #11,733
  • Sep 17, 2008 2:18pm Sep 17, 2008 2:18pm
Quoting cesarnc
Newswires are calling for

Gold Climbs the Most in Nine Years as Investors Seek Haven From Turmoil

But it doesn't seem to be the case here. You don't see inverstors seeking haven with carry trades going up this fast.

UJ is even going up in the current H4. If was a generalized run for cover, UJ would be sniffing snakeshit by now
Ah, don't try to make sense of it, probably just a bunch of commercial orders hitting at the same time as the gold run by protective investors. Bound to shake things up. I'm completely out now, will watch from the side the next Tokyo and London, then maybe return for New York. It's good to be back on the east coast

And what exactly happened here, are we dscussing market movements for real? You guys must be taking antibiotics or something.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #11,734
  • Sep 17, 2008 2:18pm Sep 17, 2008 2:18pm
Quoting ganymedes
Quote of the day:
John J. Mack (Morgan Stanley): "... Short sellers are driving our stock down ..."



Oh, really? Well, what should we do? Buy your lousy company???
Didn't we tell John J. Mack...that someone would be next??????

I guess he didn't get the memo...

HOLLA

HOLLA
  • #11,735
  • Sep 17, 2008 2:20pm Sep 17, 2008 2:20pm
Quoting cesarnc
Newswires are calling for

Gold Climbs the Most in Nine Years as Investors Seek Haven From Turmoil

But it doesn't seem to be the case here. You don't see inverstors seeking haven with carry trades going up this fast.

UJ is even going up in the current H4. If was a generalized run for cover, UJ would be sniffing snakeshit by now
Yes, you should only see that in a panic move.
I certainly agree that the logic does not seem to add up here.
But things are a bit 'out of sync' (e.g. eurodollar reacted 3 hours later than gold). Not to forget the countless 'head fake' moves recently. Increasingly difficult to draw any conclusions these days, but the media will always try...

Looks like the move has cooled off now, anyway.
  • #11,736
  • Sep 17, 2008 2:22pm Sep 17, 2008 2:22pm
Quoting Turtle
Didn't we tell John J. Mack...that someone would be next??????

I guess he didn't get the memo...

HOLLA

HOLLA
  • #11,737
  • Sep 17, 2008 2:22pm Sep 17, 2008 2:22pm
Quoting Plutonite
Ah, don't try to make sense of it, probably just a bunch of commercial orders hitting at the same time
You mean, like Kerviel is back on business???
  • #11,738
  • Sep 17, 2008 2:26pm Sep 17, 2008 2:26pm
Quoting Warper
I'm sorry to interrupt. But i don't understand the confusion.

For years... the euro is rising... oil is rising... gold is rising.

It stopped for 2 months and today they are rising coming of monstruous support levels.

Its called trend.

Maybe its soon to tell if this is the resume, but.. psyco market?

What the hell? Last time i checked the markets normally bounce or resume near support levels like trend lines.

Psyco why?

Again, im sorry for the interruption, but common you guys trade for years, i just got confused.
I see your point but like Cesarnc mention, it's not the move. But the time of the day that it moved.

And it's done that the last 3-4 days......

Someone is pushing price, plus the markets are thin. So this is not the normal everyday move.

HOLLA
  • #11,739
  • Sep 17, 2008 2:30pm Sep 17, 2008 2:30pm
Ok, there is this headline here that I found interesting for a poll...

"What should you do now if you work for Merrill or Bank of America?"

Well, I would "lubricate the system" every morning before going to work.

You?
  • #11,740
  • Sep 17, 2008 2:36pm Sep 17, 2008 2:36pm
Quoting cesarnc
Ok, there is this headline here that I found interesting for a poll...

"What should you do now if you work for Merrill or Bank of America?"

Well, I would "lubricate the system" every morning before going to work.

You?


HOLLA
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