International markets traders banter

[Trembling Hand]

Anyone notice how strong the AUD was last night? What have we become the new flight to safety currency?

 

[tech/a]

We're not diluting ours!

Once the printing stops--if it stops---when it stops--then youll see a strengthening in that currency.
In the meantime--

 

[kid hustlr]

Could be that no overseas investors are unwinding positions in our market also.

Some serious support shown on the SPI over the last few days. (1 week/30 min bars)

 

[Trembling Hand]

Gee the Italian voters may like more Bunga Bunga parties but the traders certainly don't! Euro Stoxx futs down 3.5%

 

[CanOz]

Gee the Italian voters may like more Bunga Bunga parties but the traders certainly don't! Euro Stoxx futs down 3.5%

and an Italian bond auction coming up later....

 

[skc]

Gee the Italian voters may like more Bunga Bunga parties but the traders certainly don't! Euro Stoxx futs down 3.5%

For each of the last 3 years, selling at first sign of Europe troubles has been the right strategy. These usually build up over a few months leading to sharp retreats around May-Oct.

Do people expect a repeat of what happened in the past 3 years, or will it be different this year? Will "what ever it takes" continue to hold the confidence up?

And here's some great bunga bunga party pics

http://www.telegraph.co.uk/news/wor...erlusconis-bunga-bunga-pictures-revealed.html

 

[notting]

I have found that sitting back on the couch whatching TV and counting to 3 is often quite accurate.
I'm up to 2.
It's not 1,2,3 and she goes at 3eeeeee - like chucking your fat cousin into the dam.

It's woaw 1, talking heads - "it's ok", waaaaaw 2, talking heads "it's ok," waaaaahw 3, talking heads "it's ok." AAAAAHHHHHHHH

Top got taken out again in the states last night which means there needs to be a very much heightened theme or new one to get some action back, Itally will do for a starter.

I'm really, really enjoying watching Switzer.
He's done this big boast add 'we were right' about having done the white knuckle ride. The swaggers looking a little shaky!!!
Not looken so cocky right now!

 

[kid hustlr]

For each of the last 3 years, selling at first sign of Europe troubles has been the right strategy. These usually build up over a few months leading to sharp retreats around May-Oct.

Do people expect a repeat of what happened in the past 3 years, or will it be different this year? Will "what ever it takes" continue to hold the confidence up?

And here's some great bunga bunga party pics

http://www.telegraph.co.uk/news/wor...erlusconis-bunga-bunga-pictures-revealed.html

I've always thought you should post more

 

[havaiana]

Not much of a bounce in risk in Europe/US overnight, it's all still looking pretty pretty weak

 

[skc]

I have found that sitting back on the couch whatching TV and counting to 3 is often quite accurate.
I'm up to 2.
It's not 1,2,3 and she goes at 3eeeeee - like chucking your fat cousin into the dam.

It's woaw 1, talking heads - "it's ok", waaaaaw 2, talking heads "it's ok," waaaaahw 3, talking heads "it's ok." AAAAAHHHHHHHH

Top got taken out again in the states last night which means there needs to be a very much heightened theme or new one to get some action back, Itally will do for a starter.

I couldn't understand what you are trying to get across

I've always thought you should post more

More post on the market or more post with bunga bunga party pics?

 

[notting]

I couldn't understand what you are trying to get across

I'm saying you often get three kind of pre-shocks then the earthquake.
I’ve never looked for it technically it's just something I've observed from the news flow.
So far I've counted 2.

And I was talking about the DOW which made a new high before it slipped on Silvio.

 

[Trembling Hand]

EVIL rollover on the new contract!!

Yesterdays in blue,

 

[nysefloortrader]

Just in the last few days, the S&P summation is clearly on a SELL THIS MARKET signal.

Summation is very good, and I am sure we are going to see some trouble for the markets in MARCH / APRIL

Check out the chart below.



You do not even need the summation, you can clearly see the last week or so, big money is coming out of stocks and equities and into USD and BONDS.

My guess is this will continue for the next several weeks, and I do not want to be long the market for at least MARCH / APRIL.... my thoughts are a good sized dip is coming.

I am currently short some of my portfolio and looking for more downside in the next several weeks. Patience will be needed, but My guess is you do not want to be long the market the next few months....that could mean pain for you.

 

[notting]

It would seem highly unlikely that there is not a third wobble on the international markets tonight given the way the ASX performed today.
ASX has been outperforming ever since the last rate cut was factored in.
Even with a weaker AU today we still managed to tank harder than some of the big boy dividend payout %s,

I doubt very much that there will be a rate cut tomorrow but if there is we will be below parity very shortly as opposed to shortly.

The reaction on our markets can also be partly blamed on the Chinese capping housing speculation which is a good move. However, we seem to have forgotten that the Chinese are pouring billions and billions into the bottom end new housing which will require plenty of resources.
It's a tiger economy. Don't believe anything else.
The market tells us that every time they try to do something mildly sensible.
When the internal building of ghost cities stops.
It will stop.

People are likely to react to the sequester regardless of recent attempts to water it down. Republican hatred for democratic moves usually expresses itself with tantrums on the Big Board. The techies may then confirm it's a secular bull in a bigger bear, still.

Then all we need is a bit more crap out of Europe and things could be looking dark again for a while.

When are the German elections anyway?
Once there over there will not be such a concerted need to paint everything so rosy.

Another interesting thing is that it is "new money" behind much of the rally not, "the great rotation."
That may be a powerful force but it's usually where the seasoned pros get all their profits from!

If markets US and FTSE (FTSE is the only sensible market in Europe) wobble tonight, it will be my no 3. in the count down till severe correction.

"There is just nothing we can see that could really bring this market down at the moment." has become quite the quotation lately and we all know what that means.

 

[chops_a_must]

Well, they're trying pretty hard at the moment.

 

[notting]

Well, they're trying pretty hard at the moment.

People talking it down or for markets to wobble?

 

[sinner]

Just in the last few days, the S&P summation is clearly on a SELL THIS MARKET signal.

Summation is very good, and I am sure we are going to see some trouble for the markets in MARCH / APRIL

Check out the chart below.

Are you actually a NYSE floor trader? Why do you use NASDAQ breadth lol. I am a Summation Index user, not sure I agree with your interpretation of what a PSAR swing from here means (2 months of poor returns?) or even why you're using PSAR on it?

Not hard for the Summation Index (basically the 19,39,1 MACD of Cumulative Ratio Adjusted A/D) to turn off its swing after being at such elevated levels for so long.

I'd note the NYSE Cumulative A/D is still quite strong and along with NASDAQ Cumulative A/D still remains above its 19EMA.

 

[sinner]

This is a good topic on the article, hope you appreciate it, took me 10 mins of googling to find one which explains it the way I think is right.

http://dkreport.blogspot.com.au/2007/06/market-breadth-does-it-really-matter.html

 

[notting]

The reaction on our markets can also be partly blamed on the Chinese capping housing speculation which is a good move. However, we seem to have forgotten that the Chinese are pouring billions and billions into the bottom end new housing which will require plenty of resources.
It's a tiger economy. Don't believe anything else.

It's all been about building China.
The people are irrelevant, leadership hasn't cared about what happens to them, who wins, who loses.
Politically connected developers make the money. What happens after that?
Doesn't matter.
Build China make money out of the people and rule is what matters
One day China's so called immerging middle class with their 'limited' choice for investestment will realise they are just slaves too.


[video]http://www.cbsnews.com/video/watch/?id=50142079n&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CBSNewsVideo+%28News+Video%3A +CBSNews.com%29[/video]

 

[nysefloortrader]

Are you actually a NYSE floor trader? Why do you use NASDAQ breadth lol. I am a Summation Index user, not sure I agree with your interpretation of what a PSAR swing from here means (2 months of poor returns?) or even why you're using PSAR on it?

Not hard for the Summation Index (basically the 19,39,1 MACD of Cumulative Ratio Adjusted A/D) to turn off its swing after being at such elevated levels for so long.

I'd note the NYSE Cumulative A/D is still quite strong and along with NASDAQ Cumulative A/D still remains above its 19EMA.

Hi, Im a full time trader yes, in the morning I look at lots of things that help me analyse the markets. The summation is just one, but if you ask any good trader, it is not 100% accurate (nothing is) but its very very good. Like I said I look at lots of things on the market, and have done so for many years. Its always better to do lots of analysis and a few solid trades. PSAR has nothing to do with it, if you understand how breadth charts work, and the equation and my time guesstimates are going on past and previous moves which are relative too.

Even if the S&P / Nasdaq goes up some more, the summation and key breadth charts are saying there is trouble coming. I do not like being short in a bull market, but I do play these sell offs, and any little spurt of green higher, I think will be a bull trap, and think the bears can really do some damage in the next several weeks if they want.

Again these are all guesses, but we will see what happens.