The worst is yet to come

[CanOz]

Well I must consider myself extremely lucky. I've been reading and reading for 2 months now. Finally bought into hlx a few weeks ago during it's run. Sold out and made a nice $10K profit. My one and only trade. I was going to buy into other things but well we all know what happened. I'll probably get killed on taxes but I'm not wise enough in the market right now to know how to handle a short or long term correction, so I'll just sit this out and hope to learn from it for future corrections.

I'm with you mate!

 

[Fab]

Looks like the bottom to me but then corrections often run further than they should, a bit the same when there is a bull run

 

[CanOz]

I really think things are just getting started.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aEQtozU6XLEQ&refer=worldwide

 

[Magdoran]

This has got to be the worst intraday chart I've ever seen, theres no support what so ever.

Sorry I can't post the XJO.

Oh, I thought it was a “beautiful” chart – just a matter of perspective though... Shorts don’t get much better than this!

 

[professor_frink]

Looks like the bottom to me but then corrections often run further than they should, a bit the same when there is a bull run

At this stage, tomorrow looks like it's going to be pretty bad. Nikkei is about to close down 600+
The Hang Seng is down nearly 600, and they are at lunch- there is still the sfternoon session to come.
The dow is below 12,000 before Europe has even opened, and the Dow is down 160+ pts from Friday's European close, which isn't going to help the European open today.

It ain't looking very good at all.

 

[professor_frink]

Oh, I thought it was a “beautiful” chart – just a matter of perspective though... Shorts don’t get much better than this!

It's a daytrading paradise

:dance:

 

[CanOz]

Oh, I thought it was a “beautiful” chart – just a matter of perspective though... Shorts don’t get much better than this!

Yeah i know, just after i posted it i thought "i guess it depends on if your trading the slide or not", but i'm not.

The only way to consistantly profit in the markets is with the double edged sword. I must learn to short the market.

Cheers,

 

[CanOz]

I really think things are just getting started.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aEQtozU6XLEQ&refer=worldwide

http://www.bloomberg.com/apps/news?pid=20601084&sid=ahOZSOxDgDzg&refer=stocks

bonds eh?

 

[Magdoran]

Yeah i know, just after i posted it i thought "i guess it depends on if your trading the slide or not", but i'm not.

The only way to consistantly profit in the markets is with the double edged sword. I must learn to short the market.

Cheers,

Puts in a down market tend to outperform calls in a bull market on average because of the volatility, if you know what you are doing... Much prefer the short side.

 

[wayneL]

XJO Wow!

Anyone been watching the yen? Up strongly against everything again.

Just be careful out there folks, this could turn really nasty... seriously.

 

[wayneL]

XJO Wow!

Anyone been watching the yen? Up strongly against everything again.

Just be careful out there folks, this could turn really nasty... seriously.

The last couple months of yen:

 

[constable]

XJO Wow!

Anyone been watching the yen? Up strongly against everything again.

Just be careful out there folks, this could turn really nasty... seriously.

Seems like we should all be buying yen. Is there any way I can get a stock in the asx that is connected closely to its price movement?
I wouldnt have a clue about trading the forex!

 

[professor_frink]

XJO Wow!

Anyone been watching the yen? Up strongly against everything again.

Just be careful out there folks, this could turn really nasty... seriously.

Yeah it's looking slightly scary ATM.

Does anyone have an idea of how high it will need to go before it creates a very, very serious problem?

 

[wayneL]

Puts in a down market tend to outperform calls in a bull market on average because of the volatility, if you know what you are doing... Much prefer the short side.

Could be VIX boomage tonight... what are OZ IV's up too?

 

[ducati916]

Seems like we should all be buying yen. Is there any way I can get a stock in the asx that is connected closely to its price movement?
I wouldnt have a clue about trading the forex!

The answer to your question is in part why things have spiralled so quickly.
In the US you can buy a Yen ETF the FXY

There is a major short squeeze in process at the moment.
Stock traders can in essence play the FX market without all the aggravation of the usual bs.

Traders are all over this baby like a rash.
This is going to potentially bust the market wide open.

Don't even think about the long side for a *hold*
Scalping only baby!

jog on
d998

 

[Kimosabi]

Well, I want to to know what happens if there are a number of defaults on Yen Carry Trades?

 

[ducati916]

Check it out........

jog on
d998

 

[wayneL]

Well, I want to to know what happens if there are a number of defaults on Yen Carry Trades?

Apocalypse Now!

 

[ducati916]

The Yen carry trade is *guestimated* at US $1 Trillion
Long way to go yet.

jog on
d998

 

[Dukey]

Quote from myself!!!!!!! (earlier today)

'I'm not yet a rabid bear..."

Well the bears are scratching at my door now....:hide::bazooka: