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Technical Analysis Fallacy

  • #12,041
  • Jan 5, 2010 9:17am Jan 5, 2010 9:17am
Quoting GEfx
Yes, the government program to give away money to first time home buyers ran out of steam. Add to this, construction spending has fallen off the table, too. That part of the economy is in a depression. Ouch!
its not the figs I am disappointed with.
Its the manipulation, by mmakers
enough said.

if todays not get back to normal, vibrant markets.
maybe others.
the market for the moment, she stinks.
I'll call up some dealers and see whats happening.
and 012 if you are around, may be give some 2 cts ?
  • #12,042
  • Jan 5, 2010 9:20am Jan 5, 2010 9:20am
Quoting auxesis
Just that part?

Only sector seeing stability and growth is Federal Payroll
The only thing keeping the dollar from falling is that Europe, Japan, and GB are in worse shape than we are. It's good to be this lucky -- LOL!
  • #12,043
  • Jan 5, 2010 9:22am Jan 5, 2010 9:22am
Quoting auxesis
Who wants the euro?
Because of todays early trading(sentiment) and yesterday, but i dont really understand what is going on....
So before this usd bull was eur long setting. This -16% seems to change it... But it is not so strong maybe...and eur longcan continue...
  • #12,044
  • Jan 5, 2010 9:24am Jan 5, 2010 9:24am
Quoting GEfx
The only thing keeping the dollar from falling is that Europe, Japan, and GB are in worse shape than we are. It's good to be this lucky -- LOL!
then may be we have nothing to trade anymore.

of course the alternative to to carry the money and go buy The chinese renminbi. may be thats way forward.

Any one on thread from china?
  • #12,045
  • Jan 5, 2010 9:30am Jan 5, 2010 9:30am
Keep the -16 in perspective: its just pending home sales from November. Balance that with a better that expected number in Factory Orders, and other recent improvements in economic performance. Even though construction and real estate are poor, things are no longer falling off the cliff. This is what stability looks like. Time to get back to trading PA, not our expectations. Deep breath of fresh air and focus (I accept that bordom is part of the job -- LOL).
  • #12,046
  • Jan 5, 2010 9:31am Jan 5, 2010 9:31am
Quoting Fana
Because of todays early trading(sentiment) and yesterday, but i dont really understand what is going on....
So before this usd bull was eur long setting. This -16% seems to change it... But it is not so strong maybe...and eur longcan continue...
Oh fana, I am still long,
only I trading from daily charts perspective now.
so my brokers can starve to death.
  • #12,047
  • Jan 5, 2010 9:34am Jan 5, 2010 9:34am
Quoting GEfx
Keep the -16 in perspective: its just pending home sales from November. Balance that with a better that expected number in Factory Orders, and other recent improvements in economic performance. Even though construction and real estate are poor, things are no longer falling off the cliff. This is what stability looks like. Time to get back to trading PA, not our expectations. Deep breath of fresh air and focus (I accept that bordom is part of the job -- LOL).
I don't share that seculation sentiments, Gefx
basically the figs came out very very bad,
if they were discounted, e have counter reaction.
she goes south

otherwise she goes north

if she doesn't move,then market structure has a problem
probably market is already meltdown. I. e no longert free markets.

sorry I beg to differ from your views.

regards
  • #12,048
  • Jan 5, 2010 9:37am Jan 5, 2010 9:37am
Quoting fti
Oh fana, I am still long,
only I trading from daily charts perspective now.
so my brokers can starve to death.
You are the master...know how to trade well... But i really cant hold trades in many days. It is not good for my mentality.
  • #12,049
  • Jan 5, 2010 9:40am Jan 5, 2010 9:40am
Quoting Fana
You are the master...know how to trade well... But i really cant hold trades in many days. It is not good for my mentality.
not that fana, I am also worried about this market structure.
seems to had failed.
somethings wrong and we cannot see where.
we can fight still, to the best of our ability.
She not going south
that ok for us.

but the market behaviour seems to have no market, that worries me, I try find out whats happening while we fight on the positions.

regards
  • #12,050
  • Jan 5, 2010 9:43am Jan 5, 2010 9:43am
Quoting fti
not that fana, I am also worried about this market structure.
seems to had failed.
somethings wrong and we cannot see where.
we can fight still, to the best of our ability.
She not going south
that ok for us.

but the market behaviour seems to have no market, that worries me, I try find out whats happening while we fight on the positions.

regards
This seems to be dangerous...
  • #12,051
  • Jan 5, 2010 9:49am Jan 5, 2010 9:49am
I think I'm going to the e-mini desk, get some volitility
  • #12,052
  • Edited 10:32am Jan 5, 2010 9:50am | Edited 10:32am
Quoting fti
I don't share that seculation sentiments, Gefx
basically the figs came out very very bad,
if they were discounted, e have counter reaction.
she goes south

otherwise she goes north

if she doesn't move,then market structure has a problem
probably market is already meltdown. I. e no longert free markets.

sorry I beg to differ from your views.

regards
I see what you are saying, and defer to your expertise. It scares me to think that the forex may be compromised like that. I am short the E/$ at 1.4426 and will kill this if it backs up much from here.

Edit: Protecting 4426. fti, thanks for your comments and perspective, I feel like a bumbling fool compared to your background. Appreciate your perspective on this stuff, much of which I am unaware of.

Edit2: Protecting 4421, and watching to see if 4403 can be breached again. will take profit on this at 4396.

Edit3: Square at 4396
  • #12,053
  • Jan 5, 2010 10:12am Jan 5, 2010 10:12am
i feel like i'm dancing hip hop with a pair of ballroom shoes
  • #12,054
  • Jan 5, 2010 10:27am Jan 5, 2010 10:27am
what 's any one hearing?

I am getting pieces here and there .
Obama, security.
some kind of attack.
Tsunami?/
internet down??
  • #12,055
  • Jan 5, 2010 10:29am Jan 5, 2010 10:29am
Quoting fti
what 's any one hearing?

I am getting pieces here and there .
Obama, security.
some kind of attack.
I believe He's having TSA ( security meetings) to discuss the events of Christmas, no attack to my knowledge
  • #12,056
  • Jan 5, 2010 10:44am Jan 5, 2010 10:44am
i see. thanks
  • #12,057
  • Jan 5, 2010 10:54am Jan 5, 2010 10:54am
Maybe the markets are waiting for NFP on Friday. If its good, all problems are viewed through that perspective as improving, but if bad, all problems will persist. Not sure.
  • #12,058
  • Jan 5, 2010 10:59am Jan 5, 2010 10:59am
Quoting GEfx
Maybe the markets are waiting for NFP on Friday. If its good, all problems are viewed through that perspective as improving, but if bad, all problems will persist. Not sure.
Tomorrow we have ADP, ISM and Fed Minutes after lunch.

I think most were thinking the markets would hit strong at the weeks open, but it may take a few days to get everybody back, just a thought
  • #12,059
  • Jan 5, 2010 11:27am Jan 5, 2010 11:27am
Quoting auxesis
Tomorrow we have ADP, ISM and Fed Minutes after lunch.

I think most were thinking the markets would hit strong at the weeks open, but it may take a few days to get everybody back, just a thought
too much thinking.

aux, do you have positions
if none is best not to attempt today

if have and had been fighhting, keep eye on this support testing
is lunch now so is thinner markets
  • #12,060
  • Jan 5, 2010 11:33am Jan 5, 2010 11:33am
I would like to suggest that the focus be on this support testing.
after lunch let see what happens instead of thinking tomorrow, and friday and next month.

some of us are fighting battles , in thin and manipulation.
and trying to survive the onslaught today.

regards

PS for now, she is showing us that the fig is not important , and many weak longs had been taken out before lunch.
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