35854 replies to this topic

[Argento]

Thanks J!

 

A little more up to go but good short opportunity this, tomorrow  I expect her to aim for the 33165 (IG Futures) support!

 

A

A did call this spike.

Well done!

[Redeemer]

Morning Traders

 

I see a reverse Head and Shoulders forming on the bottom right of the daily chart...maybe...just maybe, we may be on our way back up!

 

 

Attached Files

•  Reverse Head and Shoulders_Daily Chart.doc   181KB   16 downloads

[Lekkerry]

Resistance level @ 34200 to be tested, thereafter every 100 points (reading the charts) for almost 4 notches up . Not an ideal setup to plan any movement for a lengthy trade atm.

[Beorn]

A did call this spike.

Well done!

[JBlack]

And up we go?! Sitting on my hands.....

[JBlack]

Well seeing that the futures are already paring their gains and the possible bad news on the Euro data front I think we will drop today. imo we still need to process the US payroll figures from yesterday and people would rather sell than sit and wait for their stocks to dive.

 

Jobless figures this arvie might also kick us down.

 

Myself however, will be waiting until 10h00 - 11h00 before I enter. Want to see the trend established first before I make my move. The binary options allow me to do that. I don't have to catch the train I just need to find out where the party is and go later....

 

Fingers on the triggers boys....

[bear catcher]

Yippee 8:30 correction

[bear catcher]

As long as it establishes a trend for the day and keep moving in that direction I am happy. If it really fluctuates throughout the day or doesn't do much it messes up my plans...

Seeing that you were in the money lately, please tell what your plans are for today

[JBlack]

As long as it establishes a trend for the day and keep moving in that direction I am happy. If it really fluctuates throughout the day or doesn't do much it messes up my plans...

[bear catcher]

Well looking at all those data  to be released it will point down , but ECB rate decission can turn everything .Hope we go down ,sitting with a short at 33950

[JBlack]

Events wise we got the Euro  and German PMI around 10. ECB interest rate decision at 13h45 coupled with the press conference. US jobless claims as usual at 14h30. Packed full of info today is!

[JBlack]

Difficult day ahead me thinks. All futures are solidly green but Japan once again ended down and Siemens' results looking bad. Oz also red and US ended very red last night. I will venture a guess that we will drop today.

[zoner]

1 hour to go...

Waiting in anticipation for a golden comeback - bouncing off the ropes, hitting with the left... then with the right.

 

massive spike in emerging market PUTS (EEM) in US today, and on massive volume... indicating trouble for ALSI tomorrow...

glad i shorted NPN  @ R600 yesterday, feel sorry for resources and gold tomorrow

Remember Bernake can say all he wants.... his term ends at end of year anyways

[Ninja]

massive spike in emerging market PUTS (EEM) in US today, and on massive volume... indicating trouble for ALSI tomorrow...

glad i shorted NPN  @ R600 yesterday, feel sorry for resources and gold tomorrow

Remember Bernake can say all he wants.... his term ends at end of year anyways

[Plasma]

Picked up a sticky long yesterday - banking on a potential partial rise tomorrow - will see likelihood in 10 min time.  

[bear catcher]

Looks like the down trend is starting , Gold drops and copper once again hammered, Argento is gonna smile come thursday

[JBlack]

I see the payroll data was once again poor. Countries closed today might just get thumped tomorrow?

[JJBen]

Regarding QE:

 

The FED made it clear last year: QE to continue until US GDP is sustainably above 2.5% and unemployment is below 6.5%.

We are at least 6 months away from that. At the rate that unemployment can fall (realistically) and the lag time of GDP release dates, this announcement will not be immediate.

Add to that the fact that Ben's term runs out Jan 2014. He won't make drastic moves now only to sit with unstable markets until then (legacy, political reasons, etc.).

Bloomberg economists expect Fed to announce tapering of their bond buying program today,

if that happens I expect a correction, and a deep one.

 

If, on the other hand Helicopter Ben says they will continue with QE, more of the same.

 

It's a pity our market will be closed when Bernanke speaks, we going to miss the first reaction, and probably gap on the open.

[Sam]

Hmmmm... Interesting Jakes.
I got quite excited when I read your post thinking that this may be the catalyst for the BWE this thread keeps alluding to.

However, an article that Ive just read on the Reuters website suggests more measures of easing or no change to be announced by the Fed.

Lets see...

[Beorn]

Bloomberg economists expect Fed to announce tapering of their bond buying program today,

if that happens I expect a correction, and a deep one.

 

If, on the other hand Helicopter Ben says they will continue with QE, more of the same.

 

It's a pity our market will be closed when Bernanke speaks, we going to miss the first reaction, and probably gap on the open.