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  • #344,001
  • Dec 10, 2010 12:02pm Dec 10, 2010 12:02pm
Quoting sisse
From a fundamental point of view, the buyers on that bar (for whatever reason they bought), which comes from the open a lows, are real fundamental strong money, not a randon swing in a intraday timeframe. Meaning they are not going to give up at the 1st test (5 test this week and all got rejected quickly in a non technical way). They are waiting for something, call it China rate hike? I wish I knew

From a TA point of view, a large bar like (the NFP one) that is not quickly broken to any side becomes a range (in any timeframe) so as soon as it...
thnks for the detailed explanation, gonna do some research on that in the weekend and walk things over!
  • #344,002
  • Dec 10, 2010 12:08pm Dec 10, 2010 12:08pm
My opinion about the following daily impulse of the price: up
  • #344,003
  • Dec 10, 2010 12:13pm Dec 10, 2010 12:13pm
Anyone agrees that something smell fishy to the fact of CPY's China to be released on a Sat GMT time?

I read publications that is their intention to make the US Dollar to dive down.
  • #344,004
  • Dec 10, 2010 12:19pm Dec 10, 2010 12:19pm
Quoting Mr Hatch
what about the chinese rate hike? isn't it meant to devalue their own currency, thus watching as money will get moved towards the us dollar and therefore dragging the euro down?
3180 could be the line in the sand where a plunge will be prevented. if this works, is debatable...

just a thought.
rate hikes have the opposite effect. China was expected to hike but they did not and just raised the capital reserve requirements for their banks - meant to slow lending down a bit

dollar strength story, including increasing Treasury yields, is interesting in light of the continuing QE2 operations by the Fed.

I don't get it. But then again I'm not that bright.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #344,005
  • Dec 10, 2010 12:22pm Dec 10, 2010 12:22pm
Quoting Arona
Anyone agrees that something smell fishy to the fact of CPY's China to be released on a Sat GMT time?

I read publications that is their intention to make the US Dollar to dive down.
call them and tell them to get cracking
"If The Fool persists in his Folly he will become wise." - William Blake
  • #344,006
  • Dec 10, 2010 12:22pm Dec 10, 2010 12:22pm
Quoting The Fool
rate hikes have the opposite effect. China was expected to hike but they did not and just raised the capital reserve requirements for their banks - meant to slow lending down a bit

dollar strength story, including increasing Treasury yields, is interesting in light of the continuing QE2 operations by the Fed.

I don't get it. But then again I'm not that bright.
thanks for pointing this out. i was of the opinion that asia agreed on a controlled devaluation by around 3%/annum.
  • #344,007
  • Dec 10, 2010 12:28pm Dec 10, 2010 12:28pm
Quoting Mr Hatch
thanks for pointing this out. i was of the opinion that asia agreed on a controlled devaluation by around 3%/annum.
the beef with China is that they have not allowed the RMB to strengthen far enough fast enough - this has been going on for years
"If The Fool persists in his Folly he will become wise." - William Blake
  • #344,008
  • Dec 10, 2010 12:35pm Dec 10, 2010 12:35pm
Quoting The Fool

dollar strength story, including increasing Treasury yields, is interesting in light of the continuing QE2 operations by the Fed.

I don't get it. But then again I'm not that bright.
Increasing Treasury yields... Makes purchasing T.B more lucrative for investors, and or to offer interest on the vast amount of debt that the FED is buying.

It's all a vicious cycle.. print money(QE2) buy T.bills (Debt) and jack up the yield to earn interest on the mayhem that they created. Banking...
  • #344,009
  • Dec 10, 2010 12:39pm Dec 10, 2010 12:39pm
Quoting Arona
Anyone agrees that something smell fishy to the fact of CPY's China to be released on a Sat GMT time?

I read publications that is their intention to make the US Dollar to dive down.
It's definitely a way to make some dollar dump deals while the market sleeps. Creates the Gaps as well. Just like how the Stock market Gaps. They make the $$ and we suffer on the opening. I think that the markets should be open 24/7 to avoid these Insider deals.
  • #344,010
  • Dec 10, 2010 12:40pm Dec 10, 2010 12:40pm
Quoting Mehr4x
buy or sell ?
Basic ok , looking myself for this up also but the down leg in a channel now to end first , can think may extend as low the low of previous wave , 61.8% fib not reached yet .
when see to buy.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #344,011
  • Dec 10, 2010 12:46pm Dec 10, 2010 12:46pm
well the dust has settled, not much change since last 4h close. question is risk or not a trade open in the week end ?
Andreyou
  • #344,012
  • Dec 10, 2010 1:30pm Dec 10, 2010 1:30pm
Quoting Ipndasno
Increasing Treasury yields... Makes purchasing T.B more lucrative for investors, and or to offer interest on the vast amount of debt that the FED is buying.

It's all a vicious cycle.. print money(QE2) buy T.bills (Debt) and jack up the yield to earn interest on the mayhem that they created. Banking...
yeah, except that QE2 was supposed to have the opposite effect - driving bond yields down

http://finance.yahoo.com/banking-bud...5&asset=&ccode=
"If The Fool persists in his Folly he will become wise." - William Blake
  • #344,013
  • Dec 10, 2010 1:31pm Dec 10, 2010 1:31pm
something will happen soon.... patience people... I'm bullish on this.. the fact that dips below 3200 were refused - pretty aggressively says we will go further up... sure there will be more attacks at the 32 level... if it manages to hold a daily close below 3200 i'll go short...
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  • #344,014
  • Dec 10, 2010 1:33pm Dec 10, 2010 1:33pm
Well it looks everybody has gone i am at a loss of more than 1000$ today.anyway it was a bad bad week for me down 9000$ this week. Wish you luck and hope i survive the next week and its a better 1
  • #344,015
  • Dec 10, 2010 1:36pm Dec 10, 2010 1:36pm
Quoting Muhammad88
Well it looks everybody has gone i am at a loss of more than 1000$ today.anyway it was a bad bad week for me down 9000$ this week. Wish you luck and hope i survive the next week and its a better 1
Quoting Muhammad88
Don't worry its a fake spike just for the 4 h it will come down soon
Quoting Muhammad88
Its getting ready for 3160 and i bet it will break it. Further we all know 3114

Quoting Muhammad88
I told you guyz this 3 hours back anyway nothing to hold it before 1.3114 . As us bond yeilds are right now making new higs 10 year 3.28
us dollar more stronger then ever and thecnicals all calling bears so i dont see any room for bulls left .

that should teach you a - possibly necessary - lesson.

Listen: NOBODY is telling "us guys" or "Mr. Market" where it is headed, we are all just fiddling with odds.
  • #344,016
  • Dec 10, 2010 1:38pm Dec 10, 2010 1:38pm
Quoting Muhammad88
Well it looks everybody has gone i am at a loss of more than 1000$ today.anyway it was a bad bad week for me down 9000$ this week. Wish you luck and hope i survive the next week and its a better 1
wow.... i hope that was no more than 5% of your account... sorry dude - MM can not be stressed enough... GL for next week
  • #344,017
  • Dec 10, 2010 1:39pm Dec 10, 2010 1:39pm
Quoting The Fool
yeah, except that QE2 was supposed to have the opposite effect - driving bond yields down

http://finance.yahoo.com/banking-bud...5&asset=&ccode=

I know. It's weird that we are seeing the opposite take place. I'm sure you have heard of the next bubble...

We did see yields drop before the initial figures of QE2, however, as investors still believe US is a safe haven at this current crisis from the EU, Bonds are still being bought up. Now the higher yields are obviously being manipulated and are probably only short-term til we have stability in the next investment.
  • #344,018
  • Dec 10, 2010 1:40pm Dec 10, 2010 1:40pm
Quoting mr hatch
that should teach you a - possibly necessary - lesson.

Listen: Nobody is telling "us guys" or "mr. Market" where it is headed, we are all just fiddling with odds.
plz explain me the lesson coz i was trading what it looked and i still beleive it should have gone down but all of a sudden without any news you see a spike now no 1 predicted it .
  • #344,019
  • Dec 10, 2010 1:41pm Dec 10, 2010 1:41pm
Quoting jaylovin
wow.... I hope that was no more than 5% of your account... Sorry dude - mm can not be stressed enough... Gl for next week
thank you no it was like 30% of my account and 90 % of the loss waz on monday and 10 % on friday.
  • #344,020
  • Dec 10, 2010 1:41pm Dec 10, 2010 1:41pm
http://www.newyorkfed.org/markets/to..._schedule.html
"If The Fool persists in his Folly he will become wise." - William Blake
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