"If The Fool persists in his Folly he will become wise." - William Blake
The Really Useless Thread
- #139,961
- Apr 17, 2016 3:24pm Apr 17, 2016 3:24pm
- Joined Apr 2009 | Status: Live and learn. | 25,283 Posts
- #139,962
- Apr 18, 2016 1:19am Apr 18, 2016 1:19am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
{quote} For the news flow? shorts 1.131x -> 1.118x {quote} European equities struggling after the opening range. DAX losing 10000 will unlock some levels for a quick test down via the flop in DOHA. OIL for a quick test $35.xx naked now... sisse
1. on doha: do you understand it as a game changer killing the extension on equities? My view: not a game changer - on US equities extension more bumpy, shallow, 2110 as complete maximum, resk-off sentiment is gonna end the spring trading sooner.
2. can you drop a word on G/U: the compression is getting pretty suspicious. But its kind of early for G/U to break down, isnt it?
Thank you
- #139,964
- Apr 18, 2016 2:06am Apr 18, 2016 2:06am
- Joined Apr 2009 | Status: Live and learn. | 25,283 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
- #139,966
- Apr 18, 2016 5:42am Apr 18, 2016 5:42am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Eyes of Euro for the opening range. We filled the gap in US equities before the open so tracking closely the opening range as global equities are aligning for a tradable mini quick correction....
On Doha:
Not game changer. Political posturing (Saudis and Iran) and Bs gossips over rational business and economics. They just delayed for a few months the unavoidable (a sharp readjustment between supply and demand worldwide). Markets will take care to put them back on the table sooner than you expect...there is no much room of manoeuvre.
ON GU:
Nothing to see right now in my taste. It will be on the centre of the storm in the upcoming weeks but for now not interested neither TA or FA. On the shorter term Neutral with the FEB highs wide open for test and a very feeble bottom on the lows ....We are sitting in the flip ... not for my taste ...better bang for the buck and chop everywhere else ...
sisse
{quote} Hi s., 1. on doha: do you understand it as a game changer killing the extension on equities? My view: not a game changer - on US equities extension more bumpy, shallow, 2110 as complete maximum, resk-off sentiment is gonna end the spring trading sooner. 2. can you drop a word on G/U: the compression is getting pretty suspicious. But its kind of early for G/U to break down, isnt it? Thank you
Not game changer. Political posturing (Saudis and Iran) and Bs gossips over rational business and economics. They just delayed for a few months the unavoidable (a sharp readjustment between supply and demand worldwide). Markets will take care to put them back on the table sooner than you expect...there is no much room of manoeuvre.
ON GU:
Nothing to see right now in my taste. It will be on the centre of the storm in the upcoming weeks but for now not interested neither TA or FA. On the shorter term Neutral with the FEB highs wide open for test and a very feeble bottom on the lows ....We are sitting in the flip ... not for my taste ...better bang for the buck and chop everywhere else ...
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
- #139,968
- Apr 18, 2016 6:18am Apr 18, 2016 6:18am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
- #139,974
- Apr 18, 2016 8:15am Apr 18, 2016 8:15am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Strong opening range and back to key decision area. Choose your poison time for US equities for the rest of the month with setting the high of April in play for the next couple of sessions....
Watch out you don't miss the forest for the trees ...
sisse
lol, judged by the openning range....... in new york they dont give a **** about doha. srsly?
S&P 2080.xx is set to hold the W close but we have a mid term in play overriding the current leg and it's inches away to unlock a potential break for ATH before a very grim and dark summer on sight. For now, all levels raised after today's close with 2087/9x as the rain maker for the rest of April.
Pending conversations? PM for a chat...I am mainly in OTM now
- #139,975
- Edited 2:11pm Apr 18, 2016 11:49am | Edited 2:11pm
- Joined Oct 2014 | Status: Trader | 717 Posts
Strong opening range and back to key decision area. Choose your poison time for US equities for the rest of the month with setting the high of April in play for the next couple of sessions.... {quote} Watch out you don't miss the forest for the trees ... {quote} sisse
-------------------
Pls I have 2 short questions:
1. stupid out off topic Q: is it possible my chart of SP500 is 10 ponits of yours, i.e. your lvl x is x-10 on my chart? Ive had this feeling for long time cuz ur res/sup lvls do not correcpond with mine by 10 points. maybe some problem with my broker (again)? Whats ur ATH on your charts of SP500? Mine is 2133,9... so yours 2144,9?
and now the real problem....
2. u write as reposted by you: "mid term in play overriding the current leg and it's inches away to unlock a potential break for ATH " +++ "Choose your poison time for US equities for the rest of the month"
what does it mean there is "mid term overriding the current leg"? do you mean 2080 is mid term lvl and W close above as given by the extension = short term break of the mid term range opening the ATH short term? The only thing I see is the extension - when an extension of a short term swing on the edge of mid term range gets overriden does it have some impact on the extension? Maybe breaking out of the range mid term/or just giving the extension more force short term?
I thought Im on the same page with you: we are in extension of short term leg; W close above 2080 opens a possible very quick breach of ATH; on short term lvl the extension is a topping set up and future april days open "choose your poison time" for short term reverso - cuz we stay in the range mid term (strong neutral).
But when I read you. I feel like it could be interpreted the other way around
Sorry, I bet im getting kind of annoying
- #139,976
- Apr 18, 2016 12:06pm Apr 18, 2016 12:06pm
- | Joined Jul 2013 | Status: Trader | 1,873 Posts
{quote} haha, i knew you would write that! and you right
Get Rich or Die Tryin
- #139,978
- Apr 18, 2016 1:31pm Apr 18, 2016 1:31pm
- Joined Apr 2009 | Status: Live and learn. | 25,283 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
- #139,979
- Apr 18, 2016 2:20pm Apr 18, 2016 2:20pm
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
- #139,980
- Apr 18, 2016 2:24pm Apr 18, 2016 2:24pm
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now