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  • #223,201
  • Apr 9, 2010 3:24pm Apr 9, 2010 3:24pm
Quoting SkyzerFX
NEWS: "Dow hits 11,000" what else is new?

No they will free to drop it below 10k ones more.

USDx dropped badly at the End of US session.
USD hasn't broken the rising weekly trend line, nor has it broken support, same for Euro but opposite, so you may get your gift if counter trend signals retracement or you get nailed by trend line hold.
Prices oscillate, trends persist. Trend is your friend.
  • #223,202
  • Apr 9, 2010 3:29pm Apr 9, 2010 3:29pm
Quoting jsspmk
USD hasn't broken the rising weekly trend line, nor has it broken support, same for Euro but opposite, so you may get your gift if counter trend signals retracement or you get nailed by trend line hold.

very precise view


ratman
  • #223,203
  • Apr 9, 2010 3:31pm Apr 9, 2010 3:31pm
Quoting SkyzerFX
NEWS: "Dow hits 11,000" what else is new?

No they will free to drop it below 10k ones more.

USDx dropped badly at the End of US session.
So, whatz your new target now with (maybe) broken tl on eurusd? 1.99 or above?
Sometimes I lose. Sometimes the others win.
  • #223,204
  • Apr 9, 2010 3:44pm Apr 9, 2010 3:44pm
heading from Monthly S1 to Monthly R1, yes 1.38 and the weekly lines live there also. Have said this since first hit monthly couple weeks ago. And there has been a nice double test of it this week (may I say successful test). Next week we go and kiss the mthly r1. (**Note the combination of the Greece news EU/IMF when we first hit Monthly S1 March 25th, that was 'THE' moment) -

Is it true that March 25th is also Independence Day for Greece? National holiday, religious holiday and now a Rescue Day, you could not write stranger fiction!
----- Dragonfly out in the sun you know what I mean, don't you know
  • #223,205
  • Apr 9, 2010 3:53pm Apr 9, 2010 3:53pm
My cat did`nt let me trade today.
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  • #223,206
  • Apr 9, 2010 3:53pm Apr 9, 2010 3:53pm
Quoting SkyzerFX
well, well I'm going to short below 1.3480.. Dollar Index looks like

hit lower B band and now trying to reverse.. Low 1.34 perhaps?

DOW hit almost 11k, I think that's the target for those crooks for now..

61.8 Fib holds almost .. I wouldn't take any new trades now..

Since I'm short, you might want to go Long *LoL*
so...are you saying you're short now ?
hang on to your bread......unless you want toast
  • #223,207
  • Apr 9, 2010 3:57pm Apr 9, 2010 3:57pm
I just finished reading all the news about this Greek aid. in short it is merely a loan. If Greece could not manage it's finances before, what the hell makes them think that they can manage them now, with the same handlers in office. This seems to be merely a bandade on an ax wound. I hope this is not why the market rallied, because if so, the big money movers aren't as bright as I would have hoped they are. But then again looking at the Dow and S & P levels, with an economy that has 9.7 percent unemployment rate (and possibly higher) I shouldn't be so surprised!
All that is left in FF is just plain garbage. "Cloggie"
  • #223,208
  • Apr 9, 2010 3:57pm Apr 9, 2010 3:57pm
sellers beware on euro now classic shakes out under 1,3500 . Been long since 1.3375 target 1.3800 next week

something is cooking

gj massive 60 min volumeo n drop
eu ripping
gu massive volume on 60 min on drop to 1.5320 .. expecting 1.5800

es .... massive buying today and not looking back
Blogging daily now at www.volume.zone
  • #223,209
  • Apr 9, 2010 3:59pm Apr 9, 2010 3:59pm
Quoting tonyo524
I just finished reading all the news about this Greek aid. in short it is merely a loan. If Greece could not manage it's finances before, what the hell makes them think that they can manage them now, with the same handlers in office. This seems to be merely a bandade on an ax wound. I hope this is not why the market rallied, because if so, the big money movers aren't as bright as I would have hoped they are. But then again looking at the Dow and S &P levels, with an economy that has 9.7 percent unemployment rate (and possibly higher) and I shouldn't...

They are bright .. can you imagine move to 1.4000 / 1.4500 on euro and all the time they know that weakness is there underlying.

All they need do is enjoy the up ride and sell it once things go to shit again at a much hihger price than it is now.

BTW I just had someone comment on GU thread about they told me 100 time eu is distribution. Far from it last 2 weeks is classic shake out , this week is low volume testing ., closing above the lows of the ultrahigh volume bars we saw on the futures market all those weeks ago. I am very bullish for eu moving forward in April
Blogging daily now at www.volume.zone
  • #223,210
  • Apr 9, 2010 4:01pm Apr 9, 2010 4:01pm
Quoting malcolmb14
They are bright .. can you imagine move to 1.4000 / 1.4500 on euro and all the time they know that weakness is there underlying.

All they need do is enjoy the up ride and sell it once things go to shit again at a much hihger price than it is now.
Sneaky sob's
All that is left in FF is just plain garbage. "Cloggie"
  • #223,211
  • Apr 9, 2010 4:02pm Apr 9, 2010 4:02pm
Quoting tonyo524
Sneaky sob's

And there I was thinking that the move in Euro was just you taking profit on your sells .... lol
Blogging daily now at www.volume.zone
  • #223,212
  • Edited 4:23pm Apr 9, 2010 4:08pm | Edited 4:23pm
Quoting malcolmb14
And there I was thinking that the move in Euro was just you taking profit on your sells .... lol
I wish. trailer was hit, and I slept throught this whole up move. Had a pending sell hit at 3382, and last I looked was about 100 or so pips in the red. Not even going to hegdge this one, want to try and get some fishing in. Stop loss at 3550 tp at 3210. I need to learn how to daytrade instead of weekly. Shit gets to be boring watching you guys in and out of trades, while I'm sitting here playing the sims. Even when in profit, still BORING!

Just read that bit about Greece's bailout loan interest rate. Greece is going to default, and be kicked out of the eu. 6% is way more than they can handle!
All that is left in FF is just plain garbage. "Cloggie"
  • #223,213
  • Apr 9, 2010 4:12pm Apr 9, 2010 4:12pm
1.35 ask price. For me it's confirmed now. Looks like we will get a quick pullback first and then northside.

@tonyo524

The euro was overvalued all the years. Sooner or later it will find it's fair value, but thinking in macro economical dimensions "soon" means years, not days or even months. Look how long socialistic paradises can exist like Cuba and so on. If it goes with logic they should long ago have been going bankrupt. As long as there goes the big cheating show with politicians and all that and the ppl believe that crap it goes on. At least the European taxpayers will pay for all the bailouts of the piigs but not the smart investors.
Sometimes I lose. Sometimes the others win.
  • #223,214
  • Apr 9, 2010 4:13pm Apr 9, 2010 4:13pm
fitch downgraded greece banks after close.
have a good weekend
those who can, do. those who cant, talk about those who can
  • #223,215
  • Apr 9, 2010 4:13pm Apr 9, 2010 4:13pm
Tony, yep here ya go

http://market-ticker.org/archives/21...r-3-Years.html

Hehehehe....

(GR) EuroZone may charge Greece in excess of 6% for emergecy loans - unconfirmed report
- may charge Greece additional 100bps if the emergency loans duration is beyond 3 years no loan amounts yet discussed, but if requested the size would be enough to shock markets
- a decision to help Greece could be decided upon, if needed, within hours
(hattip Rebeltraders)

Uh huh.
6% paper for three years eh? Let's see.... our 3 year is currently trading at 1.69%, so this is an implied 430 basis points over our current Treasury yield.
Don't look at single-A rated corporates or the high yield index composite (average duration is a reasonable match to 3 years) - you'll puke.
To say this is a "speculative" interest rate would be an understatement.
To believe that this means they can actually get it done - and then cover the coupon - is another matter entirely.
Even if Greece gets this "bailout", how do they expect to cover the borrowing costs with the austerity measures imposed - which will hit output?
If you have money in a Greek bank I bet you're thinking - very carefully - about what the impact might be of an instant coupon-jack on 3 year Greek Treasuries up to the 6% range, and both the mark-to-market implications as well as the odds that the government can meet both the coupon and principal payments in the future.
If bank runs develop as a consequence of this (and frankly, under these circumstances, you'd have to be nuts not to pull your money if you had it in a Greek bank!) things over there will get very nasty very fast.
Capital controls anyone?
  • #223,216
  • Apr 9, 2010 4:18pm Apr 9, 2010 4:18pm
each one of those posts are the ones I'm baking on. Hell I may have to put off fishing and hedge this thing.
All that is left in FF is just plain garbage. "Cloggie"
  • #223,217
  • Apr 9, 2010 4:19pm Apr 9, 2010 4:19pm
both approaching the TL. lets see if it holds next week.

have a good weekend
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  • #223,218
  • Apr 9, 2010 4:28pm Apr 9, 2010 4:28pm
Quoting tonyo524
each one of those posts are the ones I'm baking on. Hell I may have to put off fishing and hedge this thing.
Well, I do not exactly know about your trades. I wish you just luck, anyways. Hopefully you have not much rollback charges.

Please let me add: The eu will in my opinion not let Greece go out of the euro. If they would do that, the euro would break. The politicians in the eu have too much greed for power. The taxpayer has no choice and so the rotten bills go to the taxpayers. That's always the same.

What they are all saying at the news is just babbling. They decided already how it goes. A new bailout tax may in the make. Not called like this, though. They call it with a nice name like earth savings tax or something.
Sometimes I lose. Sometimes the others win.
  • #223,219
  • Apr 9, 2010 4:28pm Apr 9, 2010 4:28pm
EU newcomer Bulgaria meanwhile delivered a second shock to the euro zone by delaying plans to join the currency after admitting that, like Greece, it had lied about its 2009 deficit. CNBC

And I thought that we had some liers over here in the U.S!
All that is left in FF is just plain garbage. "Cloggie"
  • #223,220
  • Edited 4:34pm Apr 9, 2010 4:31pm | Edited 4:34pm
link for Fitch

http://www.fitchratings.com/creditde...m?pr_id=566139


EDIT have a great weekend folks

CU SUnday
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