there was huge volume on dow and qqqq on last minute compared to volume of whole day
- #154,782
- Oct 21, 2009 1:58pm Oct 21, 2009 1:58pm
- | Joined Jan 2009 | Status: Snr. Director | 1,158 Posts
I saw this headline, and all I could think of was Gator. 
http://money.cnn.com/2009/10/21/mark...ion=2009102114
http://money.cnn.com/2009/10/21/mark...ion=2009102114
Si vis pacem, para bellum.
- #154,783
- Oct 21, 2009 2:01pm Oct 21, 2009 2:01pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Really I'm not much into head & shoulders type stuff, especially on an M15 chart, but, here we are.....fwiw
Doing what you like is Freedom. Liking what you do is Happiness.
- #154,785
- Oct 21, 2009 2:23pm Oct 21, 2009 2:23pm
- | Joined May 2009 | Status: Fight until we die | 1,114 Posts
I hear some opera music on the back ground but let's hope it's not the fat lady singing.
I said earlier this year I see E/U at 1.5 after vacation. (
) Today we saw the triple combo: E/U 1.5000, OIL $80 and DOW $10k. By the looks of things on DOW at the moment this may be the beginning of a long awaited retrace. We shall see pretty soon if we're going back one year or it's just a normal overbought retracement. I thought it would hold on longer at this levels. It may not.
I think for the following months untill December we should expect a E/U at or below 1.45 and oil at 65$ at least. Anything below 1.3 and $50 for oil means trouble. BIG trouble. compared with this trouble last year was just a walk in the park.
I said earlier this year I see E/U at 1.5 after vacation. (
) Today we saw the triple combo: E/U 1.5000, OIL $80 and DOW $10k. By the looks of things on DOW at the moment this may be the beginning of a long awaited retrace. We shall see pretty soon if we're going back one year or it's just a normal overbought retracement. I thought it would hold on longer at this levels. It may not.I think for the following months untill December we should expect a E/U at or below 1.45 and oil at 65$ at least. Anything below 1.3 and $50 for oil means trouble. BIG trouble. compared with this trouble last year was just a walk in the park.
- #154,788
- Oct 21, 2009 3:01pm Oct 21, 2009 3:01pm
Interesting article. I bet the guy who wrote this won't make money in this market. By the time job growth starts to surface the move in equities will be topping or at least the majority of the move will be over. I think that the surge in buying comes from anticipated job growth and economic growth. I guess if we don't get that then the market is in trouble....but if we do, it won't help the market as much as the run we are having now. REMEMBER, buy the rumor sell the news.
I saw this headline, and all I could think of was Gator.
http://money.cnn.com/2009/10/21/mark...ion=2009102114
- #154,789
- Oct 21, 2009 3:04pm Oct 21, 2009 3:04pm
- | Joined May 2009 | Status: Fight until we die | 1,114 Posts
Interesting article. I bet the guy who wrote this won't make money in this market. By the time job growth starts to surface the move in equities will be topping or at least the majority of the move will be over. I think that the surge in buying comes from anticipated job growth and economic growth. I guess if we don't get that then the market is in trouble....but if we do, it won't help the market as much as the run we are having now. REMEMBER, buy the rumor sell the news.
On a side note:
"From 1975, Madoff sent an employee to buy cocaine and other drugs for himself and company employees, the complaint said. It described "wild office parties sans spouses" and "topless entertainers wearing only 'G-string' underwear serving as waitresses."
[EDIT] "sans spouses"
how delicately put Any comments?
http://www.cnbc.com/id/33414998
- #154,791
- Oct 21, 2009 3:18pm Oct 21, 2009 3:18pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #154,794
- Oct 21, 2009 3:28pm Oct 21, 2009 3:28pm
- | Joined May 2009 | Status: Fight until we die | 1,114 Posts
I like the short version more.
- #154,795
- Oct 21, 2009 3:30pm Oct 21, 2009 3:30pm
- | Joined May 2009 | Status: Fight until we die | 1,114 Posts
"FXstreet.com (Barcelona) - The Euro has taken advantage of broad-based Dollar Weakness to rally from levels below 1.2500 in March to reach right below 1.5000 in October, and according to Ashraf Laidi, chief strategist at CMC markets, there is still room for further Euro climbing.
Dollar weakness will persist, according to Ladi who expects the Euro to cap at 1.5700/1.5800 by the end of the year: "Since the end of the summer, we have been calling for 1.5700 to happen by the end of the year. We mean that the highest level for the Euro - Dollar will be between 1.5700 and 1.5800 between now and the end of the year"
that's the FULL time analyst FULL report
- #154,796
- Oct 21, 2009 3:35pm Oct 21, 2009 3:35pm
- | Joined May 2009 | Status: Fight until we die | 1,114 Posts
- #154,797
- Oct 21, 2009 3:39pm Oct 21, 2009 3:39pm
- Joined Jun 2009 | Status: A slave to the tape | 4,390 Posts
I have a favorite quote from a guy in my country:
"Being a business journalist means being able to predict what is going to happen tomorrow, the next week, the next month and the next year. And then being able to explain why none of that happened."
Same applies for "full time" analysts. If they'd be any good they'd be busy making money instead of writing blogs.
lol well said
- #154,800
- Oct 21, 2009 3:50pm Oct 21, 2009 3:50pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News