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The Really Useless Thread

  • #126,321
  • Dec 4, 2012 11:51am Dec 4, 2012 11:51am
Quoting sisse
Are you tracking the ES? .....Itchy very itchy fingers to load in the ES. Fiscal cliff deal is so close and moreover I think we are going to overshoot positive in NFP. All eyes on that 1400 for the reaction (to 144x) ... This time we have gold aligning to the same side. 4 US Majors (Gold, Oil, ES and Dollar) aligning to that final move of the year ...

Dollar leading intraday but ES TAwise is not ready yet ....Patience patience...

sisse
If the dollar rises, would we expect oil, gold and es to rise with it?
  • #126,322
  • Dec 4, 2012 11:52am Dec 4, 2012 11:52am
Quoting kenfen69


Still room for 34xx so...no retrace!
so much for 2400
  • #126,323
  • Dec 4, 2012 11:55am Dec 4, 2012 11:55am
Quoting kenfen69


Just HOW close on the cliff? Today close? This week close?
I mentioned before in the thread..... My call is for +/- next week. Take out Christmas week, Washington closes on the week of the 15th (hey poor hard working politicians need to get back home early for shopping) add some of the serious comments and talks in last few weeks (not that easy with all the political BS and circus from both sides ...but that is mostly noise) and see how key markets are holding strong in thin air and you can deduct that the "rational" time should be around the corner.... we'll see

Quoting Big1red9
That would likely mean EU is at or near its top... no?
Thanks
In my books Euro is only moving via dollar. Top on the swing? not really. TA wise alone a fast break on the knee jerk reaction can extend as high as 1.334x which is my last level untested in this quarterly outlook .... Top on daily and intraday? well it needs support of correlated markets. ECB/NFP looks like a good catalyst but I am not interested at all "in catching a top" at these levels ....not until at least further FA short term data.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #126,324
  • Dec 4, 2012 11:56am Dec 4, 2012 11:56am
Quoting Big1red9
If the dollar rises, would we expect oil, gold and es to rise with it?
If the dollar is strong, I would expect lower oil, gold, es and euro.

Not clear on how everything can align for a last push.

  • #126,325
  • Dec 4, 2012 11:57am Dec 4, 2012 11:57am
Quoting Big1red9
so much for 2400
34xx to 24xx will be the new cliff immediately after THE cliff is resolved...

Attached Image


I kid, I kid. Pure jackassery.
  • #126,326
  • Dec 4, 2012 11:58am Dec 4, 2012 11:58am
Quoting kenfen69


Still room for 34xx so...no retrace!
not this year

13150's still on then 12900 all eyes on US viagra ,dam and the ECB NFP and ken
  • #126,327
  • Dec 4, 2012 12:00pm Dec 4, 2012 12:00pm
Quoting sisse
I mentioned before in the thread..... My call is for +/- next week. Take out Christmas week, Washington closes on the week of the 15th (hey poor hard working politicians need to get back home early for shopping) add some of the serious comments and talks in last few weeks (not that easy with all the political BS and circus from both sides ...but that is mostly noise) and see how key markets are holding strong in thin air and you can deduct that the "rational" time should be around the corner.... we'll see

sisse
OK thanks. Thought you were picking up chatter on the wires that something was imminent.

I still can't help but think 2013...perhaps a month or two (three) in before a resolution. I'm sure the Bernank (and others, of course) doesn't mind the effect all of this is having on the direction of the dollar right now. Certainly cheaper to service debt...and they have a lot of it.
  • #126,328
  • Dec 4, 2012 12:01pm Dec 4, 2012 12:01pm
Not minding those long exits as much now...

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  • #126,329
  • Dec 4, 2012 12:05pm Dec 4, 2012 12:05pm
79.50 next?

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Long way down to 78.90 beyond that.
  • #126,330
  • Dec 4, 2012 12:07pm Dec 4, 2012 12:07pm
Quoting kill56
not this year


Quoting kill56
13150's still on then 12900 all eyes on US viagra ,dam and the ECB NFP and ken
  • #126,331
  • Dec 4, 2012 12:08pm Dec 4, 2012 12:08pm
Re-coupling seems complete...

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  • #126,332
  • Dec 4, 2012 12:09pm Dec 4, 2012 12:09pm
Quoting kenfen69
OK thanks. Thought you were picking up chatter on the wires that something was imminent.

I still can't help but think 2013...perhaps a month or two (three) in before a resolution. I'm sure the Bernank (and others, of course) doesn't mind the effect all of this is having on the direction of the dollar right now.
Well Obama was on the wires a bit more positive but nothing imminent....since last Thursday markets has stop reacting on every comment from the politicians ... They have make a circus (like the EZ counterparts) out of the market and the American people ...but well thats the same everywhere ...

In any case, IMO we will get some kind of agreement before going over the cliff in the 2 or 3 key issues but they will leave the technicalities full of "semi open" holes to retract if things go wrong .... for the Real issue, like in europe, they will just kick the can down the road.....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #126,333
  • Dec 4, 2012 12:13pm Dec 4, 2012 12:13pm
Quoting sisse
Well Obama was on the wires a bit more positive but nothing imminent....since last Thursday markets has stop reacting on every comment from the politicians ... They have make a circus (like the EZ counterparts) out of the market and the American people ...but well thats the same everywhere ...

In any case, IMO we will get some kind of agreement before going over the cliff in the 2 or 3 key issues but they will leave the technicalities full of with open holes to retract if things go wrong .... for the Real issue, like in europe, they will just...
That...I'm down with. Same page here.

I know US elections are always a circus, but almost a little reassuring to see that EU counterparts aren't the only ones that make a balls of (albeit) HUGE decisions. But...a little sad that that poor can getting kicked in the ass over and over is the common solution.

Thanks mate...always appreciate the insights of a good mind.
  • #126,334
  • Dec 4, 2012 12:15pm Dec 4, 2012 12:15pm
Quoting sisse
Well Obama was on the wires a bit more positive but nothing imminent....since last Thursday markets has stop reacting on every comment from the politicians ... They have make a circus (like the EZ counterparts) out of the market and the American people ...but well thats the same everywhere ...

In any case, IMO we will get some kind of agreement before going over the cliff in the 2 or 3 key issues but they will leave the technicalities full of "semi open" holes to retract if things go wrong .... for the Real issue, like in europe, they will just...


no cut no deal tax's on poor a must (obamoo)
  • #126,335
  • Dec 4, 2012 12:16pm Dec 4, 2012 12:16pm
Quoting kill56
no cut no deal tax's on poor a must (obamoo)
And Bernie the Grinchoo...

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  • #126,336
  • Dec 4, 2012 12:19pm Dec 4, 2012 12:19pm
Would like a little higher here...to pick up another order...and then a retest of this TL and DTEMA...

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  • #126,337
  • Dec 4, 2012 12:25pm Dec 4, 2012 12:25pm
Quoting kenfen69
Beware those upside down, bat-crazy bastards!

Attachment
Remember this pic?

Look at a 1 hr silver
  • #126,338
  • Dec 4, 2012 12:32pm Dec 4, 2012 12:32pm
Quoting Big1red9
Remember this pic?

Look at a 1 hr silver

like the H4 and we are below the ema200 it looks sexy
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  • #126,339
  • Dec 4, 2012 12:49pm Dec 4, 2012 12:49pm
Quoting Big1red9
Remember this pic?

Look at a 1 hr silver
Indeed.

Already played out to me, though. No meat left.

Those Batman heads can be nice entries. Double top with exhaustion.
  • #126,340
  • Dec 4, 2012 12:50pm Dec 4, 2012 12:50pm
Probably back from the edge for another day on equities.

No red close on US watch permitted!
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