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You been watching the currencies this morning Ed???

Once again we are getting some freaking huge moves very early in the morning!

Yen has made a very nice move this morning too- 50+pip move down in the spot before the asian open. Could be one to keep an eye on today, as the rally in most of the Asian markets looks a little overdone- probably won't take much to trigger a down move, at least on an intraday basis.
 
professor_frink said:
You been watching the currencies this morning Ed???

Once again we are getting some freaking huge moves very early in the morning!

Yen has made a very nice move this morning too- 50+pip move down in the spot before the asian open. Could be one to keep an eye on today, as the rally in most of the Asian markets looks a little overdone- probably won't take much to trigger a down move, at least on an intraday basis.
Click to expand...

Carry trade back on. Very bullish feel in the markets at the moment, comments on Bloomberg this morning....

Cheers,
 
The Chinese authorities have announced that for the first time, citizens will be permitted to own foreign shares. Given the nerve-shredding gyrations on Western stock markets, that sounds like a good idea. Millions of enthusiastic Chinese share buyers would be very helpful right now, underpinning stock exchanges weakened by our own flight from riskier assets.
It will happen, although it seems, in typical Chinese style, to be something that will evolve slowly rather than burst forth upon the international scene with all the impact of a brightly decorated dancing dragon in a Chinese new year festival.However the longer-term effects will be as dramatic, and, as they say over there, even the longest journey starts with a single step. The beginnings are modest enough. China's currency regulator, the State Administration of Foreign Exchange, has announced that Chinese citizens with a Bank of China account in the northern city of Tianjin will be allowed to invest in foreign equities under a pilot scheme.

The regulator didn't specify an investment maximum, and nor did they say when the trial will start. Purchases will be limited to Hong Kong-listed shares, mostly firmly centred on the Hong Kong/Chinese economy but with a sprinkling of stocks that also offer a wider exposure to the world, such as HSBC and Standard Chartered.
 
carolanuq3.gif
 
I love that chart Edwood. You going short here? or maybe waiting for confirmation in the horoscopes. ;)
 
Edwood said:
oh yee of little faith TH - the eclipse has delivered! Dow currently off 230pts :D
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The XJO and XAO are going to cop it in the neck, after failing to take out the previous high. I assume the other major indices are the same. A retest of the lows across the board looks on the cards.
 
Edwood said:
oh yee of little faith TH - the eclipse has delivered!
Click to expand...
Holy crap!! This is gonna turn me into a believer in all this stuff. :eek:

Me and Mrs were out looking at the eclipse and we both were laughing that the market will prolly tank. LOL
 
Start of wave 5?

Maybe wrong thread.

On increased vol? eeek.
 

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Been waiting for this for the last few days since Edwood's post:D...wanted to try and catch all the move down this time...been short since 6171, so i missed the first 20-40 pts.:D (upper RH corner)

Just added another position.

....might be beer money for the next few years! I only had a few bucks left in the IG account too!

Cheers,
 

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Key fib time increment on the 28th August (SP500). Next intermediate time increment is on the 6th Sep, so there is a good trend will be down till then.

This could be the start of something big, although my preferred scenario is the market finds support on the 6th Sep and puts in a choppy trend till 28th Sep and then gets buried
 
yes the test now will be whether we can put in a higher low. good times - keep 'em rolling! :)

the eclipse was pretty amazing tho eh, the moon looked very close & sort of suspended, like an orange helium party balloon thats been released but with no breeze to take it away
 
and can't get too excited - could just be in wave 4 of this rise out of the recent low (pic taken about 7pm last night so doesn't include the o/night drop)

f226b68dca.gif
 

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