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The Really Useless Thread

  • #98,401
  • Jun 27, 2012 5:18am Jun 27, 2012 5:18am
?
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those who can, do. those who cant, talk about those who can
  • #98,402
  • Jun 27, 2012 5:28am Jun 27, 2012 5:28am
Quoting gatorinla
?
Intraday there is trapped bulls 1.247x ...breach below will propel a decent move down on stops. Plus 1.245x is now naked after ystr move...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #98,403
  • Jun 27, 2012 5:37am Jun 27, 2012 5:37am
Quoting sisse
Well IMO, the resolution is not coming from doom (risk) but rather from a more basic monetary and strictly FA technical point of view.

The summit will be a 1/2 fluff with the usual sluggish outcome. Germany is taking the decision making no decision. What it means it will never sell internally that ECB should print more money, neither Germany will ever accept looking softer at EU level.

So what they do is force by default the ECB to cut aggressively interest rate to 0 (negative rates) making the periphery "happy", German exports...
i am trying to look at this mess from different angles so appreciate your inputs, sisse

here is one on china and the USD
http://ftalphaville.ft.com/blog/2012...datedcontent=1

Ray Dialo looks to match up with your take on Germany
http://www.zerohedge.com/news/ray-da...nt-possibility

David Rosenberg is pushing the line that a slowdown in China is being exacerbated by problems in Europe and that the US ec is at stall speed while also facing fiscal uncertainty(businesses raise liquidity/households raise savings all of which comes out of spending grwth) coupled with an export shock....
http://www.zerohedge.com/news/rosenb...omic-shock-box

it all spells Resolution Day (one way or the other) imo, and think the policy makers all know it, for what that is worth....

one of the reasons i think there may be a coordinated intervention plan being worked out behind the scenes is the venerable Mervyn King who has been leading the calls for much more stimulus....

thanks again for the posts...i enjoy reading your work
  • #98,404
  • Jun 27, 2012 5:46am Jun 27, 2012 5:46am
Quoting sisse
Intraday there is trapped bulls 1.247x ...breach below will propel a decent move down on stops. Plus 1.245x is now naked after ystr move...

sisse
with ya if you break -2432.. if not i will be on the bull side there.
those who can, do. those who cant, talk about those who can
  • #98,405
  • Jun 27, 2012 5:53am Jun 27, 2012 5:53am
Quoting gatorinla
looks like 2453 min.. but we may go to 92 first. 2466 mid
2466.8
those who can, do. those who cant, talk about those who can
  • #98,406
  • Jun 27, 2012 6:01am Jun 27, 2012 6:01am
Quoting sisse
Intraday there is trapped bulls 1.247x ...breach below will propel a decent move down on stops. Plus 1.245x is now naked after ystr move...

sisse
should be more bulls below yest low and 2432+.. a classic "watch where you step" some bears may close there also.
those who can, do. those who cant, talk about those who can
  • #98,407
  • Jun 27, 2012 6:06am Jun 27, 2012 6:06am
Quoting sisse
Intraday there is trapped bulls 1.247x ...breach below will propel a decent move down on stops. Plus 1.245x is now naked after ystr move...

sisse
done
those who can, do. those who cant, talk about those who can
  • #98,408
  • Jun 27, 2012 6:12am Jun 27, 2012 6:12am
Quoting gatorinla
done
Yeap but without NY is just "noise"....let see, and also agree that "undecided" bulls should be around. I also have 1.243x but given the levels (Q/M roll) I am tracking 1.238x.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #98,409
  • Jun 27, 2012 6:15am Jun 27, 2012 6:15am
Quoting gatorinla
the mid for it was 2463... it says we go to 2368.8 min.. a big fight. with the bulls offering support at/near 2432... and the bears also having its usual rest/bounce at the mid 2467 mofu.. at the same time we are between much larger levels and those levels have micros like 2821 and 2492 being respected.
i got this.. but still for the r/r i will L near 2432
those who can, do. those who cant, talk about those who can
  • #98,410
  • Jun 27, 2012 6:31am Jun 27, 2012 6:31am
Pissing contest coming up
  • #98,411
  • Jun 27, 2012 6:31am Jun 27, 2012 6:31am
nice to see some decent PA this morning, w00t w00t!
check out my blog: forexmademillionaire dot com
  • #98,412
  • Jun 27, 2012 6:44am Jun 27, 2012 6:44am
Dax 6174 --> short
SP 1319.75 --> short
The best thing that can happen to you is to find out where you're wrong.
  • #98,413
  • Jun 27, 2012 7:08am Jun 27, 2012 7:08am
Quoting Driver55
Dax 6174 --> short
SP 1319.75 --> short
Yeap ...watch-out for a bull trap there in the ES (S&P 1326.xx for reference) a tick back below will open Pandora's box to the downside in stocks ...scenario I am eagerly looking to trade ...let see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #98,414
  • Jun 27, 2012 7:17am Jun 27, 2012 7:17am
Quoting Driver55
Dax 6174 --> short
SP 1319.75 --> short
if the re is a deal it will be front run by the banks imo, or not....and will show up in PA

watching IBEX and MIB .flat
  • #98,415
  • Jun 27, 2012 7:21am Jun 27, 2012 7:21am
Quoting sisse
Yeap ...watch-out for a bull trap there in the ES (S&P 1326.xx for reference) a tick back below will open Pandora's box to the downside in stocks ...scenario I am eagerly looking to trade ...let see

sisse
NIRP.........

http://www.zerohedge.com/news/nirp-y...negative-rates

"at €747 billion in deposits parked at the ECB as of yesterday, the ECB is currently paying out 0.25% on this balance, a move which may or may not be a reason for the depositor banks, primarily of North European extraction, to keep their money parked in Frankfurt. However, once this money has to pay to stay, it is certain that nearly $1 trillion in deposit cash, currently in electronic format, would flood the market. What happens next is unknown"

http://www.zerohedge.com/news/europe...tron-bomb-nirp
  • #98,416
  • Jun 27, 2012 7:23am Jun 27, 2012 7:23am
Quoting sisse
Yeap ...watch-out for a bull trap there in the ES (S&P 1326.xx for reference) a tick back below will open Pandora's box to the downside in stocks ...scenario I am eagerly looking to trade ...let see

sisse
its not looking good for miners according to the bellwether cat.. break the bad ass support and its probably 2008 all over for them.
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those who can, do. those who cant, talk about those who can
  • #98,417
  • Jun 27, 2012 7:51am Jun 27, 2012 7:51am
an h before e close.. and we have only done 1/2 adr.. sucks..
those who can, do. those who cant, talk about those who can
  • #98,418
  • Jun 27, 2012 8:04am Jun 27, 2012 8:04am
scalp tp hit on chart.. i am out of short..2453 was target. still want to long near 2432 .. i want closer to have a bigger trade potential w/o risking more. since all are bearish 2435 is close enough.. with stops below 2432.. just a small % with a big tp. (2816 is still valid and so is 2962). but near is like now is also good.. you just have to adjust to your own criteria,
i also lean to the bears.. and .8xx... but still have other things telling me bounce first.. i have wanted to long near/above 2432 since June 11.
those who can, do. those who cant, talk about those who can
  • #98,419
  • Jun 27, 2012 8:25am Jun 27, 2012 8:25am
if i get an entry. and i dont get stopped out today. then with health care supreme court ruling release.. giving markets a pop or not.. ??????
those who can, do. those who cant, talk about those who can
  • #98,420
  • Jun 27, 2012 8:29am Jun 27, 2012 8:29am
Quoting gatorinla
if i get an entry. and i dont get stopped out today. then with health care supreme court ruling release.. giving markets a pop or not.. ??????
where you gonna risk them to?
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