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  • #324,501
  • Nov 11, 2010 8:54pm Nov 11, 2010 8:54pm
Quoting kill56
hey mal love to see the es @ 1060 then it will be a darn great buy from there i think we might see 1080 berfor we go back north
i do not think so .... the market can remian irrational longer than it should

buyers off 1200 last fews days and plenty of testing ( bought there again today for 1212) and the next 6 ...yes 6 US session there is POMO every day. That always provide stacks liquidity to the markets.

about 42 bill in POMO between now and next friday
Blogging daily now at www.volume.zone
  • #324,502
  • Nov 11, 2010 8:57pm Nov 11, 2010 8:57pm
Quoting malcolmb14
i do not think so .... the market can remian irrational longer than it should

buyers off 1200 last fews days and plenty of testing ( bought there again today for 1212) and the next 6 ...yes 6 US session there is POMO every day. That always provide stacks liquidity to the markets.

about 42 bill in POMO between now and next friday
pardon the ignorance ... POMO ?
  • #324,503
  • Nov 11, 2010 8:57pm Nov 11, 2010 8:57pm
short here 1.363 50 pip sl. target:open
  • #324,504
  • Nov 11, 2010 8:59pm Nov 11, 2010 8:59pm
Quoting malcolmb14
i do not think so .... the market can remian irrational longer than it should

buyers off 1200 last fews days and plenty of testing ( bought there again today for 1212) and the next 6 ...yes 6 US session there is POMO every day. That always provide stacks liquidity to the markets.

about 42 bill in POMO between now and next friday
true but if the eu breaks the 13500's then we will see es below 1200 for sure
  • #324,505
  • Nov 11, 2010 8:59pm Nov 11, 2010 8:59pm
We're definitely seeing buying here, but more important is that sellers on the moves up seem to be declining ... if this has been a shakeout, it should be done. Problem is, Asia volume's not huge nor enough usually, hence we're not likely done at these levels.

Unfortunately, London may have a crack at similar PA crack as NZ had, and any reversal doesn't leave the bottom easily - the gut wrenching action will continue. Looking for at least an hourly close above 1.3626 for barrier protection success, & then closes above 1.367 & the biggie at 1.3728 - but smooth sailing it will not be. If those Germans don't save us, nothin' will. Then again, if their #'s suck, that could be the drop excuse & then London buys us from there ... catching reversal moves in this type of market is a crapshoot.

Also got the red herring of news impact from the G20 gangers ... sounds pretty neutralish & feel goodish so far, which won't be taken well.

Like Malcolm says, NY should get saved by POMO - they're throwing record amounts at it Friday.

http://www.zerohedge.com/sites/defau...OMO%20comp.jpg
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  • #324,506
  • Nov 11, 2010 9:01pm Nov 11, 2010 9:01pm
it s time to buy
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  • #324,507
  • Nov 11, 2010 9:03pm Nov 11, 2010 9:03pm
Quoting gatorinla
pv.. did you notice the cic weekly? last time the bear was like that was nov 2009... last bull was june 2010.. well its bear again atm..
Yeah, I noticed that. My charts say full go. I'm cautious due to the threat of QE2 bliss, though. Could f^ck up the charts right quick, at least causing confusion to what should otherwise be a straightforward move...
  • #324,508
  • Nov 11, 2010 9:03pm Nov 11, 2010 9:03pm
Quoting mfoste1
what are the settings for the weekly cic?
what you see is what happened. no repaint. entry is at 100 or -100... in the same direction..
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those who can, do. those who cant, talk about those who can
  • #324,509
  • Nov 11, 2010 9:05pm Nov 11, 2010 9:05pm
Quoting mfoste1
dixy is my gf....

for longs: look at the positioning of gold, oil, and dow/sp futs before you think of taking a position.
Lol I love Dixy but I guess it is another Dixy I'm talking about.
She's in Denver CO, does that sound familiar?
And Longs? Look in your PM's.
Then you will know why I'm long.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #324,510
  • Nov 11, 2010 9:06pm Nov 11, 2010 9:06pm
I think, that we are now in an wxy pattern. Now in a wave x, which might trace out a triangel (now in D of triangel up).

That would be a very bearish count.


There is a count, that would see us now in a wave blue 4. Target then would be 3550. Keep that in mind.


see pic on my blog......
  • #324,511
  • Nov 11, 2010 9:06pm Nov 11, 2010 9:06pm
Quoting PriceVolume
Yeah, I noticed that. My charts say full go. I'm cautious due to the threat of QE2 bliss, though. Could f^ck up the charts right quick, at least causing confusion to what should otherwise be a straightforward move...
bear wedge is making its move atm we are still in it.......... but we are out the bull too.. *L* who wins..
those who can, do. those who cant, talk about those who can
  • #324,512
  • Nov 11, 2010 9:07pm Nov 11, 2010 9:07pm
Quoting malcolmb14
my money is on german gdp crushing

0.8 expected .... common last time it was 2.2% how can it drop to just 0.8....
remember what happened to gu when its gdp was double

this explains the buying i have been seeing last 2 days.

I do not have the balls to go long though ....lol

euro has been at elevated levels for too long. That puts a dent in german exports (large portion of german gdp). Higher valuated domestic currency encourages foreign spending....
  • #324,513
  • Nov 11, 2010 9:13pm Nov 11, 2010 9:13pm
135 on the way, lol
  • #324,514
  • Nov 11, 2010 9:13pm Nov 11, 2010 9:13pm
anyone short nzd/chf?
  • #324,515
  • Nov 11, 2010 9:15pm Nov 11, 2010 9:15pm
Quoting gatorinla
bear wedge is making its move atm we are still in it.......... but we are out the bull too.. *L* who wins..
LOL...He who uses trailing stops, that's who.
  • #324,516
  • Nov 11, 2010 9:16pm Nov 11, 2010 9:16pm
Gold out of its little topping triangle. (bearish upward flat pattern).

Should retest (or near) the tl, where I'll add sells.


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  • #324,517
  • Nov 11, 2010 9:16pm Nov 11, 2010 9:16pm
Night all....good trades....
  • #324,518
  • Nov 11, 2010 9:16pm Nov 11, 2010 9:16pm
In the runup to the summit many of Washington's G-20 partners, particularly Germany, had voiced irritation at the move by the Federal Reserve to pump $600 billion (€437 billion) of new money into the American economy.

But a US proposal to limit trade surpluses to 4 percent of gross domestic product was flatly rejected by Germany, the world's second largest exporter after China.

United States can do for the world economy is grow," he told a news conference, "because we continue to be the world's largest market and a huge engine for all other countries to grow."

The G-20 cannot end the dispute (between surplus and deficit nations) because the interests of the US and the exporting nations China and Germany differ too widely. But it's only the G-20 that can alleviate the dispute -- if every nation takes responsibility."

G20 Extracts

Look in to those lines in Red

Can we have some thoughts


  • #324,519
  • Nov 11, 2010 9:17pm Nov 11, 2010 9:17pm
btw pv... look at the moves that start above the 200 line.. they are the stronger ones.. this one started over 200..
those who can, do. those who cant, talk about those who can
  • #324,520
  • Nov 11, 2010 9:18pm Nov 11, 2010 9:18pm
Quoting gatorinla
bear wedge is making its move atm we are still in it.......... but we are out the bull too.. *L* who wins..

got positions both ways,
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