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  • #285,861
  • Aug 25, 2010 7:51am Aug 25, 2010 7:51am
Quoting Sunsi
You mean he DJ and so on will "crash" and dollar strenghten?
DJ probably, dollar not certain right now.
  • #285,862
  • Aug 25, 2010 7:52am Aug 25, 2010 7:52am
Quoting mfoste1
gold can easily blow through 1250 if equities take a hit....
how about silver?
  • #285,863
  • Aug 25, 2010 7:53am Aug 25, 2010 7:53am
Quoting witsnpips
how about silver?

silver is manipulated by shorts......it could still go up however, if a squeeze happens it will be huge.
  • #285,864
  • Aug 25, 2010 7:54am Aug 25, 2010 7:54am
Quoting mfoste1
hey gld, qwert, hope everythings well....
been hangin out at the Point on the boat, gonna do Put-n-Bay this weekend.
waiting for 2630 to add to shorts, expecting bounces at 2592 and 2569.
target-2531
hang on to your bread......unless you want toast
  • #285,865
  • Aug 25, 2010 7:56am Aug 25, 2010 7:56am
well 126x is all time HIGH so its more than a simple R.... imaging a break above...

IMO, the fundamental problem is if the US #s start going back to more reasonable ones. The EZ #s have been v good meaning that the euro can rally big time and thats other reason it hasnt fall that fast after all the bad US #s.

In other words the only thing that is holding the euro from going up is the exteme bad numbers in the US so the moves are not clean but bumpy to both sides. I agree with you from a fundamental perspective that with that kind of US #s short bias prevail.

sisse

Quoting kitiara
yep saw it..but gold has a big resistance at 1250..

im shorting all the rallies on the usd now..think the bad news will sink in after awhile and people will start to buy back into the usd again.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #285,866
  • Aug 25, 2010 7:59am Aug 25, 2010 7:59am
Mega strong EUR buy.
________________________________ Errare humanum est
  • #285,867
  • Aug 25, 2010 8:06am Aug 25, 2010 8:06am
Quoting Gld
been hangin out at the Point on the boat, gonna do Put-n-Bay this weekend.
waiting for 2630 to add to shorts, expecting bounces at 2592 and 2569.
target-2531

nice man, nice.....I went up to PIB on the 4th
  • #285,868
  • Aug 25, 2010 8:07am Aug 25, 2010 8:07am
target for eur is below 1.17 it could be 1.15 however the road is bumpy . 1.333 was end of w4 we r in the first wave which might end at 1.25xx . of 5waves . follow your idea till proven wrong ew will allow us to take low risk positions for high rewards while always remember we could be wrong
  • #285,869
  • Aug 25, 2010 8:08am Aug 25, 2010 8:08am
Quoting MisterTrader
Mega strong EUR buy.
A 30-50 pip bounce on such bad news cannot be called a super strong EUR buy.

NY open should decide what today brings
  • #285,870
  • Aug 25, 2010 8:10am Aug 25, 2010 8:10am
Big call. Good luck with that one. On your waves are you referring to a daily chart?

sisse

Quoting nawafasad1
target for eur is below 1.17 it could be 1.15 however the road is bumpy . 1.333 was end of w4 we r in the first wave which might end at 1.25xx . of 5waves . follow your idea till proven wrong ew will allow us to take low risk positions for high rewards while always remember we could be wrong
Pending conversations? PM for a chat...I am mainly in OTM now
  • #285,871
  • Aug 25, 2010 8:10am Aug 25, 2010 8:10am
Potential entry for short?

Notice the 3 long upper shadow wicks. That and daily pivot occurs around that level.

Maybe a small position size and build it up if it shoots up? Any comments would be appreciated.
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  • #285,872
  • Aug 25, 2010 8:13am Aug 25, 2010 8:13am
Quoting sisse
Big call. Good luck with that one. On your waves are you referring to a daily chart?

sisse
yes daily but i m daytrader and this is only my map on higer time frame
  • #285,873
  • Aug 25, 2010 8:17am Aug 25, 2010 8:17am
lookin like gold might make a run today.....
  • #285,874
  • Aug 25, 2010 8:17am Aug 25, 2010 8:17am
Well, now that we have seen this news and the reaction.

Anyone have a view on what happens if the new home sales comes lower than expected? Futures showing a .5% drop on DJ at the moment. DJ higher or lower than this?
  • #285,875
  • Aug 25, 2010 8:18am Aug 25, 2010 8:18am
Sure I understand. Monthly chart supports your view. Although 1.22xx key support will be very difficult to crack before your final target areas.

sisse
Quoting nawafasad1
yes daily but i m daytrader and this is only my map on higer time frame
Pending conversations? PM for a chat...I am mainly in OTM now
  • #285,876
  • Aug 25, 2010 8:20am Aug 25, 2010 8:20am
this is what you should consider impulse to the downside correction to the upside . this could be w2 we ll get target of c by the pullback of b
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  • #285,877
  • Aug 25, 2010 8:24am Aug 25, 2010 8:24am
Quoting Xismal
Potential entry for short?
Yes!

But if 1.2660 big blocking resistance is cracked... be ready for an avalanche up.

Market seems to be sucking a deep breath before the news release coming up in 30 minutes (New Home Sales)
  • #285,878
  • Aug 25, 2010 8:40am Aug 25, 2010 8:40am
I've been working on a very simple index to guage appetite.

I have assigned +3 or -3 to:

Gold, Oil, Bonds

and -1 or +1 to:

Nasdaq
Snp
Dow

I give + values when risk appetite is indicated (gold being down or oil being up). Since my equity markets are all US stocks, I have broken them down so that as a whole they are equal to one of the others.

I'm sure there are tons of smart people in here who could offer some constructive criticism for me!
Attached Image
  • #285,879
  • Aug 25, 2010 8:40am Aug 25, 2010 8:40am
Not know what is cooking behind the scene , spike up & spike down only in play , no good set up working well. may be pa wants us to scalp only , not even intraday in this situation . any way still long .with the break of 2660 >2704 the ghost may extend the neck up above those spikes soon !!
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #285,880
  • Aug 25, 2010 8:43am Aug 25, 2010 8:43am
Bull is cracking the box upside....
They think they are smarter than I am.
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