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The Really Useless Thread

  • #76,161
  • Apr 16, 2012 6:44am Apr 16, 2012 6:44am
Quoting FXMastermind
Agreed. Btw crude is going down, because Iranians showing they are opened to negotiations about their nuclear program etc. That will propel greenback as well.

Do you have any further major levels down 2950īs until that 2620 lows? I have only minor @2875 and two old ones @2760 and 2705.

Thanks
Yes I do but they are not open in charts yet...soft 1.286x (+/- yours), monthly
1.274x and v. Strong and key Q/M/W como Support @ 1.267x/1.263x.... Below need further break

Sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #76,162
  • Apr 16, 2012 6:47am Apr 16, 2012 6:47am
Quoting sisse
Yes I do but they are not open in charts yet...soft 1.286x (+/- yours), monthly
1.274x and v. Strong and key Q/M/W como Support @ 1.267x/1.263x.... Below need further break

Sisse
Cheers, thanks
Quant Hedge Fund CEO
  • #76,163
  • Apr 16, 2012 7:00am Apr 16, 2012 7:00am
...just looking @Eurostat unemployment figures.

http://epp.eurostat.ec.europa.eu/tgm...ion=1&plugin=1

Spanish unemployment rising 12 consecutive months (!!!), currently being 23.6%. Thatīs just...incredible for such a large economy and within EU.

I donīt see how country where every 4th person (able to work) is without job could revive itself apart from huge, slow and VERY painful complete restart.
Quant Hedge Fund CEO
  • #76,164
  • Apr 16, 2012 7:01am Apr 16, 2012 7:01am
Citigroup disappointed as usual.

Citigroup (C) Q1 EPS USD 0.95 (adjusted USD 1.11) vs. Exp. USD 1.02

- Q1 Revenue USD 19.41bln vs. Exp. USD 19.93bln
- Q1 tier 1 common ratio 7.2% under Basel III, 12.4% under Basel I

SP ticking lower
Quant Hedge Fund CEO
  • #76,165
  • Apr 16, 2012 7:14am Apr 16, 2012 7:14am
Quoting FXMastermind
...just looking @Eurostat unemployment figures.

http://epp.eurostat.ec.europa.eu/tgm...ion=1&plugin=1

Spanish unemployment rising 12 consecutive months (!!!), currently being 23.6%. Thatīs just...incredible for such a large economy and within EU.

I donīt see how country where every 4th person (able to work) is without job could revive itself apart from huge, slow and VERY painful complete restart.
Look at the bright side.. Real estate in Southern Spain will be dirt cheap.

http://www.scribd.com/doc/88388379/I...-Pain-in-Spain
  • #76,166
  • Apr 16, 2012 7:17am Apr 16, 2012 7:17am
Fundies are fundamental part in trading, still need a bit of time to reflect on charts.. Long term.

Intraday .. they are just noise.. and destruction..
PA can move +/- 200-500p regardless of fundamental news..
  • #76,167
  • Apr 16, 2012 7:19am Apr 16, 2012 7:19am
Quoting attila
Look at the bright side.. Real estate in Southern Spain will be dirt cheap.

http://www.scribd.com/doc/88388379/I...-Pain-in-Spain
You are damn right, bro, thatīs why I am going to buy a house in Portugal next year (as for housing, basically the same situation...)
Quant Hedge Fund CEO
  • #76,168
  • Apr 16, 2012 7:21am Apr 16, 2012 7:21am
Quoting FXMastermind
You are damn right, bro, thatīs why I am going to buy a house in Portugal next year (as for housing, basically the same situation...)
Spain is worse. They overbuilt big time. There's a statistic there that most own a vacation home,that's while a lot of them are retiring soon.. That can't be sustained...
  • #76,169
  • Apr 16, 2012 7:25am Apr 16, 2012 7:25am
All this stuff sounds exceedingly Euro bullish....
  • #76,170
  • Apr 16, 2012 7:28am Apr 16, 2012 7:28am
Still long here....Geez...lets go EU
  • #76,171
  • Apr 16, 2012 7:39am Apr 16, 2012 7:39am
Quoting needpips
Still long here....Geez...lets go EU
you should say that earlier today...
  • #76,172
  • Apr 16, 2012 7:40am Apr 16, 2012 7:40am
LOL! To the moon, ALice! Shorts are getting killed on the US equity side. Looks like my 1.3060 is definitely on the table now.

The disastrous Empire Mfg Survey is being totally ignored.
  • #76,173
  • Apr 16, 2012 7:40am Apr 16, 2012 7:40am
Quoting Piters
you should say that earlier today...

ha ha...Long 3035... 3280 on tap?
  • #76,174
  • Apr 16, 2012 7:41am Apr 16, 2012 7:41am
Quoting FXMastermind
SL@BE

EDIT: (correction) letīs leave it @43, just in case...
Out -5. Now we can drop
Quant Hedge Fund CEO
  • #76,175
  • Apr 16, 2012 7:41am Apr 16, 2012 7:41am
Quoting Turhovach
LOL! To the moon, ALice! Shorts are getting killed on the US equity side. Looks like my 1.3060 is definitely on the table now.

The disastrous Empire Mfg Survey is being totally ignored.
3100-3120 im expecting ...again.. news are nothing.. [intraday] PA is the KING..
  • #76,176
  • Apr 16, 2012 7:46am Apr 16, 2012 7:46am
Spanish 10 year could go to 7% and this thing would still go up. Oh my. This is all going to end so badly...
  • #76,177
  • Apr 16, 2012 7:47am Apr 16, 2012 7:47am
If this is the beginning of a "C" wave...look out...1.3380-1.34 is in its sights
  • #76,178
  • Apr 16, 2012 7:48am Apr 16, 2012 7:48am
risk on/risk off is such a bullshit ploy....

its like " oh gee whiz guys, good data! Lets all invest in risky assets today!"

what a crock... lol
  • #76,179
  • Apr 16, 2012 7:50am Apr 16, 2012 7:50am
the bastard finally moving... the gbp is sluggish
those who can, do. those who cant, talk about those who can
  • #76,180
  • Apr 16, 2012 7:53am Apr 16, 2012 7:53am
Quoting needpips
If this is the beginning of a "C" wave...look out...1.3380-1.34 is in its sights
Nooooooooooooooooooo way... lol.
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