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  • #285,321
  • Aug 24, 2010 8:28am Aug 24, 2010 8:28am
good call !
Quoting Masrim
Bounce times!
  • #285,322
  • Aug 24, 2010 8:30am Aug 24, 2010 8:30am
I would like to take a short position after bounce time, but news regarding "Existing Home Sales" are coming in 30 minutes. So I think it is preferable to keep out now.
  • #285,323
  • Aug 24, 2010 8:30am Aug 24, 2010 8:30am
Quoting Z3iz3i
Need to take look at 30min tf so max. bounce and close under 1.2620 for next leg.

If closing upside, then its real fight.

so, fight in sight
  • #285,324
  • Aug 24, 2010 8:30am Aug 24, 2010 8:30am
This move up is a joke...no real buyers...waiting for NY to bring all of this down....it's a contrarian strategy though...i sell you buy!
COT: The precious data ignored
  • #285,325
  • Aug 24, 2010 8:32am Aug 24, 2010 8:32am
DJ is very serious about bouncing too so far up at 10087
  • #285,326
  • Aug 24, 2010 8:34am Aug 24, 2010 8:34am
Quoting Masrim
DJ is very serious about bouncing too so far up at 10087
NIKKEI went into a bear market. Dont you think this is significant enough to burn any bounce?
  • #285,327
  • Aug 24, 2010 8:38am Aug 24, 2010 8:38am
How do ppl think a bad number will effect?

I guess it should be priced in, atleast a little bit? People are expecting bad news!

What do you think a realy bad number will do?
Start a panic sell of of stocks and increase the strenght of the dollar?

Any thoughts ?
  • #285,328
  • Aug 24, 2010 8:39am Aug 24, 2010 8:39am
Quoting yaed
Squeeze it
man, that IS a squeeze.
  • #285,329
  • Aug 24, 2010 8:40am Aug 24, 2010 8:40am
Quoting neo1599
NIKKEI went into a bear market. Dont you think this is significant enough to burn any bounce?
The Nikkei isn't what it is in Asia during the US session
Also my play for today was EUR/USD now and short DAX in the morning. Am not touching the DJ so close to 10000 and before GDP numbers. Come Asia the Nikkei might continue to drop but then they can just say that the Asian session was "mixed" cause Shanghai composite rose or something and ignore the risk aversion. I don't know but I'm thinking Friday might be judgement day for the market. Hindenburg Omen anyone? Also usually a period of negative market sessions is observed before the crash which comes itself as a finishing impulse wave 5 of the selloff.
  • #285,330
  • Aug 24, 2010 8:41am Aug 24, 2010 8:41am
Quoting Blacknightz
s2 touched... 1.2594... wait for next pa to determine next move
those who can, do. those who cant, talk about those who can
  • #285,331
  • Aug 24, 2010 8:42am Aug 24, 2010 8:42am
Quoting Sunsi
How do ppl thin a bad numbe will effect?

I guess it should be priced in, atleast a little bit? People are expecting bad news!

What do you think a realy bad number will do?
Start a panic sell of of stocks and increase the strenght of the dollar?

Any thoughts ?
Good Number:

Risk Appetite may increase a tad(altho I doubt it). Euro +ve for a knee jerk reaction. I dont see the USD going down a lot tho.

Bad Number:

Risk appetite diminishes further, we see a new daily low, although how much lower may very well be decided by the stock market.

In either scenario I dont see the USD going down by much, while USD may go up like a rocket. I am Biased as I am SHORT
  • #285,332
  • Aug 24, 2010 8:42am Aug 24, 2010 8:42am
Quoting neo1599
NIKKEI went into a bear market. Dont you think this is significant enough to burn any bounce?
not too sure about that to be honest.
  • #285,333
  • Aug 24, 2010 8:43am Aug 24, 2010 8:43am
In 20min excluding news, technical perspective i smell huge sell.

Interesting to see what news bring...
They think they are smarter than I am.
  • #285,334
  • Aug 24, 2010 8:44am Aug 24, 2010 8:44am
Quoting qwertymyfx
not too sure about that to be honest.
Why?
  • #285,335
  • Aug 24, 2010 8:44am Aug 24, 2010 8:44am
Quoting manojsai
Some Do trade on lesser time frame ,friend.

http://www.youtube.com/watch?v=hhx-S...eature=related
wow, what a video. amazing to see it back then
  • #285,336
  • Aug 24, 2010 8:44am Aug 24, 2010 8:44am
Quoting Sunsi
How do ppl think a bad number will effect?

I guess it should be priced in, atleast a little bit? People are expecting bad news!

What do you think a realy bad number will do?
Start a panic sell of of stocks and increase the strenght of the dollar?

Any thoughts ?
I think that under certain conditions such as an extremely bad GDP number the dollar will actually weaken, as was the case with weak philly fed and empire state a month or so ago. The news caused both stocks and the dollar to drop. It's a bit tricky though, as bad might just cause classic risk aversion. Really, really bad might bring about the black swan day. So you have to judge well exactly how bad the number is.
  • #285,337
  • Aug 24, 2010 8:45am Aug 24, 2010 8:45am
Quoting neo1599
Why?
Zed?
  • #285,338
  • Aug 24, 2010 8:45am Aug 24, 2010 8:45am
Quoting Sunsi
How do ppl think a bad number will effect?

I guess it should be priced in, atleast a little bit? People are expecting bad news!

What do you think a realy bad number will do?
Start a panic sell of of stocks and increase the strenght of the dollar?

Any thoughts ?
Bad news => Gold, CHF, Yen bull
  • #285,339
  • Aug 24, 2010 8:45am Aug 24, 2010 8:45am
What sort of movement can we expect for the news?
  • #285,340
  • Aug 24, 2010 8:47am Aug 24, 2010 8:47am
I think the technical picture will get clearer as we near Friday and we'll be better prepared what to expect.
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