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Dow Jones technical analysis
- Thread starter dj_420
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explod
explod
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Re: DOW Analysis
This amount of volatility may be the prelude to the big tank. As it gets going fear will take it straight through long term support of 10,000 to an overshoot of 7,500 where it may well stay for many years due to thier massive debt and virtually no onshore GDP.
But I only say maybe.
This amount of volatility may be the prelude to the big tank. As it gets going fear will take it straight through long term support of 10,000 to an overshoot of 7,500 where it may well stay for many years due to thier massive debt and virtually no onshore GDP.
But I only say maybe.
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Re: DOW Analysis
I am baffled....
How come all is suddenly back on track in the States...
How do you rally 600 points in 3 hours?
How many people lost on shorts?
The Bull does have powerful friends doesn't he...
I am baffled....
How come all is suddenly back on track in the States...
How do you rally 600 points in 3 hours?
How many people lost on shorts?
The Bull does have powerful friends doesn't he...
Kauri
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Re: DOW Analysis
After this morning's jobless claims report (very strong at 301k) one has to believe that Bernanke has his head firmly planted between his legs on discovering the news that the vicious death spiral trade on Monday was caused by a rogue equity futures trader at SocGen - sacre plurry bleu. The entire situation this week along with the upcoming data into next week (the FOMC will see next Friday's payroll report) and the unknown extent of equity index recoveries will determine how much they will cut - if at all.
The death spiral trade which has been under way for over 4 weeks has clearly found a bottom - and interestingly it was at the 38.2% Fibo retracement of the 2002-2007 on the monthly charts for both Nasdaq indices as well as the S&P (and almost the Dow). The recovery trade now targets the scene of the crime (the breakdown) of the broken triple bottom on the weeklies of the S&P - 1380. For today the first support area will be the overnight low at 1333.50, with a better line in the sand being 1325. Below that the market is in trouble if it can penetrate 1318 and especially 1311. There is value up through about 1361, but above that it drops off fairly quickly due to rouge tractors trundling downhill with Japanese housewives clutching the wheel aiming squarely for the Hills hoist,,, Mon Dieu..
Toot sweet
.............Kauri
After this morning's jobless claims report (very strong at 301k) one has to believe that Bernanke has his head firmly planted between his legs on discovering the news that the vicious death spiral trade on Monday was caused by a rogue equity futures trader at SocGen - sacre plurry bleu. The entire situation this week along with the upcoming data into next week (the FOMC will see next Friday's payroll report) and the unknown extent of equity index recoveries will determine how much they will cut - if at all.
The death spiral trade which has been under way for over 4 weeks has clearly found a bottom - and interestingly it was at the 38.2% Fibo retracement of the 2002-2007 on the monthly charts for both Nasdaq indices as well as the S&P (and almost the Dow). The recovery trade now targets the scene of the crime (the breakdown) of the broken triple bottom on the weeklies of the S&P - 1380. For today the first support area will be the overnight low at 1333.50, with a better line in the sand being 1325. Below that the market is in trouble if it can penetrate 1318 and especially 1311. There is value up through about 1361, but above that it drops off fairly quickly due to rouge tractors trundling downhill with Japanese housewives clutching the wheel aiming squarely for the Hills hoist,,, Mon Dieu..
Toot sweet
.............Kauri
Kauri
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Re: DOW Analysis
Dow Jones is reporting that a tentative deal on a stimulus package has been reached..... Tokyo traders may be short following selling last night on rumors that the proposed monoline bond insurance bailout was unlikely to succeed.
Struggling to think
.............Kauri :alcohol:
Dow Jones is reporting that a tentative deal on a stimulus package has been reached..... Tokyo traders may be short following selling last night on rumors that the proposed monoline bond insurance bailout was unlikely to succeed.
Struggling to think
.............Kauri :alcohol:
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Re: DOW Analysis
All i have to say is :bier::drink::alcohol:
Just finished a twenty hour stint doin the POLICE (Sting and that) gig at Telstra Stadium (Now ANZ Stadium) and Oh sorry :topic :bekloppt:
CHEERS
All i have to say is :bier::drink::alcohol:
Just finished a twenty hour stint doin the POLICE (Sting and that) gig at Telstra Stadium (Now ANZ Stadium) and Oh sorry :topic :bekloppt:
CHEERS
Kauri
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Re: DOW Analysis
The market is still speculating whether the Fed knew of the Soc Gen losses and the reason behind the equity market sell-off before it cut rates on Tuesday. This has dampened rate cut expectations, sending US ten-yr bond yields higher above 3.62% this morning. Some have argued that the Fed would have cut rates anyway. Some also argue that there is no reason for another 50 bp to follow next week, particularly with a stimulus package now on the horizon.
Traders are also noting that Fitch has downgraded bond insurer SCA and its subsidiaries, raising concerns over the bond insurer sector again and adding to the retreat in the stock market, untill it rises again..
50/50
..........Kauri
The market is still speculating whether the Fed knew of the Soc Gen losses and the reason behind the equity market sell-off before it cut rates on Tuesday. This has dampened rate cut expectations, sending US ten-yr bond yields higher above 3.62% this morning. Some have argued that the Fed would have cut rates anyway. Some also argue that there is no reason for another 50 bp to follow next week, particularly with a stimulus package now on the horizon.
Traders are also noting that Fitch has downgraded bond insurer SCA and its subsidiaries, raising concerns over the bond insurer sector again and adding to the retreat in the stock market, untill it rises again..
50/50
..........Kauri
Kauri
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Kauri
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Re: DOW Analysis
and stop to a tad better thanB/E.... time for some vino now...
Cheers
...........Kauri
P.S good old quant fund rumours...
and stop to a tad better thanB/E.... time for some vino now...
Cheers
...........Kauri
P.S good old quant fund rumours...
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Kauri
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Re: DOW Analysis
and out at B/E... too wild for me tonight...
incidentally... "they" hint a european bank having funding issues..
a) it is Belgian/Dutch
b) it is down 10% odd
c) it is...
Cheers
...........Kauri
and out at B/E... too wild for me tonight...
incidentally... "they" hint a european bank having funding issues..
a) it is Belgian/Dutch
b) it is down 10% odd
c) it is...
Cheers
...........Kauri
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Re: DOW Analysis
Stop Fortis Ing about:
Stop Fortis Ing about
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Re: DOW Analysis
Here we go Kauri 1300 breach 1290 comin' up, get ready to see 8's
Here we go Kauri 1300 breach 1290 comin' up, get ready to see 8's
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Re: DOW Analysis
Got this funny feeling it won't be a good bank day tomorrow .
Got this funny feeling it won't be a good bank day tomorrow .
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Re: DOW Analysis
Got half a bag of 1228's , 1 x 12279
I wish I had brakes like that on the tractor .
Got half a bag of 1228's , 1 x 12279
I wish I had brakes like that on the tractor .
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Re: DOW Analysis
big volume pushing 12320 back , (310 was f/v )
big volume pushing 12320 back , (310 was f/v )
Kauri
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Re: DOW Analysis
The idea was right.. the direction was right.. just the timing a tad astray...
Cheers
..........Kauri
big volume pushing 12320 back , (310 was f/v )
The idea was right.. the direction was right.. just the timing a tad astray...
Cheers
..........Kauri
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Re: DOW Analysis
Very tired then meant next week , get to wave the flag Monday too .
Very tired then meant next week , get to wave the flag Monday too .
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Re: DOW Analysis
Two Bond Insurers have "guaranteed buyers against losses on more than $1 trillion of bonds"
http://www.nytimes.com/2008/01/24/business/24bonds.html
The great credit purge continues...
I think it's going to be real ugly next week.
Two Bond Insurers have "guaranteed buyers against losses on more than $1 trillion of bonds"
http://www.nytimes.com/2008/01/24/business/24bonds.html
The great credit purge continues...
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Re: DOW Analysis
Dow has shed again. Relax as market will be closed on Monday.
So on Tuesday it will be reflecting on Monday DOW correction.
Regards
Dow has shed again. Relax as market will be closed on Monday.
So on Tuesday it will be reflecting on Monday DOW correction.
Regards
Whiskers
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Re: DOW Analysis
I'm not too concerned Kimosabi.
They will sort out an arrangement pretty quickly because it is in the banks best interests to avoid credit rating downgrades that would trigger the situation spiralling out of control.
I'm not too concerned Kimosabi.
They will sort out an arrangement pretty quickly because it is in the banks best interests to avoid credit rating downgrades that would trigger the situation spiralling out of control.
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