Trembling Hand
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The force is strong in me
Didn't know that Bernanke was also a jedi knight and you were both channeling the force for your trades.
:vader:
XAO Banter Thread
- Thread starter clayton4115
- Start date
Didn't know that Bernanke was also a jedi knight and you were both channeling the force for your trades.
:vader:
nulla nulla
Positive Expectancy
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Re: XAO Banter Thread - "Banter" not "Analysis"
What a cr.p day. Just when you think it is safe to go back into the water the profit takers and ppl taking their money out for the weekend send the market into a spiral. Can't workout whether today was a buy opportunity or a day I should have sat on the sidelines.
Now we get to see what surprises the media has for us over the week-end and where ever the dow, ftse, dax, nikkai and HS finish up before their weekend closes. Bring on Monday, I can hardly wait.
What a cr.p day. Just when you think it is safe to go back into the water the profit takers and ppl taking their money out for the weekend send the market into a spiral. Can't workout whether today was a buy opportunity or a day I should have sat on the sidelines.
Now we get to see what surprises the media has for us over the week-end and where ever the dow, ftse, dax, nikkai and HS finish up before their weekend closes. Bring on Monday, I can hardly wait.
Trembling Hand
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Re: XAO Banter Thread - "Banter" not "Analysis"
I think you are a bit off on the reason for the red toady. You may wanna look into it.
I think you are a bit off on the reason for the red toady. You may wanna look into it.
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US Fed increases IR's from 0.25 -0.75 just after their sharemarket closed sending the futures market into a spin, pushing our market down.
Possibly? :
Cheers
Possibly? :
Cheers
nulla nulla
Positive Expectancy
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Re: XAO Banter Thread - "Banter" not "Analysis"
Yeah you're right. My comment was a 6:00 o'clock irrational outburst. Satan is probably closer to the truth about the US Federal Reserve moving to increase the official US interest rate by half of one percent after the close of their markets. This, combined with the comments attributed to Glenn Stevens of our Reserve Bank that Interest rates would likely go up here next time also, probably had a negative influence that picked up momentum in the afternoon.
What ever the reason, in my opinion, it was still a crap finish to the day.
Whats a red toady anyway?
I think you are a bit off on the reason for the red toady. You may wanna look into it.
Yeah you're right. My comment was a 6:00 o'clock irrational outburst. Satan is probably closer to the truth about the US Federal Reserve moving to increase the official US interest rate by half of one percent after the close of their markets. This, combined with the comments attributed to Glenn Stevens of our Reserve Bank that Interest rates would likely go up here next time also, probably had a negative influence that picked up momentum in the afternoon.
What ever the reason, in my opinion, it was still a crap finish to the day.
Whats a red toady anyway?
Trembling Hand
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Re: XAO Banter Thread - "Banter" not "Analysis"
Stevens had no effect. It was the US discount rate, which is not their interest rate - diff thing, that smoked us, all futs as well as currencies. Then it was Japans & Korea's positive lead up after their open. They gapped down then went Kermit, along with the EUR bottoming and kicking up. BUT then the HSI opened and got smoked right out of the gate at 12:45 to 1:00. Everything else followed.
Thats the day. Bucket loads to be made just being aware of stuff thats out their.
You guys would do yourself a HUGE favour and get your head outta the p!ss ant penny dreadfuls XAO stocks and learn about some inter-market analysis.Yeah you're right. My comment was a 6:00 o'clock irrational outburst. Satan is probably closer to the truth about the US Federal Reserve moving to increase the official US interest rate by half of one percent after the close of their markets. This, combined with the comments attributed to Glenn Stevens of our Reserve Bank that Interest rates would likely go up here next time also, probably had a negative influence that picked up momentum in the afternoon.
What ever the reason, in my opinion, it was still a crap finish to the day.
Stevens had no effect. It was the US discount rate, which is not their interest rate - diff thing, that smoked us, all futs as well as currencies. Then it was Japans & Korea's positive lead up after their open. They gapped down then went Kermit, along with the EUR bottoming and kicking up. BUT then the HSI opened and got smoked right out of the gate at 12:45 to 1:00. Everything else followed.
Thats the day. Bucket loads to be made just being aware of stuff thats out their.
Its opposite to a green Kermit. Highly accurate leading indicator used by sophistimacateded hedge funds.
white_goodman
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Re: XAO Banter Thread - "Banter" not "Analysis"
listen to the man 100% correct, very fun day for all, quite a bit of commotion on the HSI when a few big orders were squaring off against each other mid arvo aswell
You guys would do yourself a HUGE favour and get your head outta the p!ss ant penny dreadfuls XAO stocks and learn about some inter-market analysis.
Stevens had no effect. It was the US discount rate, which is not their interest rate - diff thing, that smoked us, all futs as well as currencies. Then it was Japans & Korea's positive lead up after their open. They gapped down then went Kermit, along with the EUR bottoming and kicking up. BUT then the HSI opened and got smoked right out of the gate at 12:45 to 1:00. Everything else followed.
Thats the day. Bucket loads to be made just being aware of stuff thats out their.
listen to the man 100% correct, very fun day for all, quite a bit of commotion on the HSI when a few big orders were squaring off against each other mid arvo aswell
Trembling Hand
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Re: XAO Banter Thread - "Banter" not "Analysis"
Did ya see that never seen anything like it on Honkers! Had to check I wasn't looking at the ES. friggin insane!!
Did ya see that
never seen anything like it on Honkers! Had to check I wasn't looking at the ES. friggin insane!!
white_goodman
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Re: XAO Banter Thread - "Banter" not "Analysis"
yeh everyone in the room was going beserk and rushing over to peoples comps who trade HSI.
Algos got tangled up in each others net or something, who knows...???
Did ya see that
yeh everyone in the room was going beserk and rushing over to peoples comps who trade HSI.
Algos got tangled up in each others net or something, who knows...???
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My apologies for the wrong terminology, the Fed raised rates just not interest rates but the Official Discount Rate as T/H has pointed out.
What Does Discount Rate Mean?
1. The interest rate that an eligible depository institution is charged to borrow short-term funds directly from a Federal Reserve Bank.
2. The interest rate used in determining the present value of future cash flows.
It seemed to have little effect on the Dow last night which ended up slightly green.
Cheers
What Does Discount Rate Mean?
1. The interest rate that an eligible depository institution is charged to borrow short-term funds directly from a Federal Reserve Bank.
2. The interest rate used in determining the present value of future cash flows.
It seemed to have little effect on the Dow last night which ended up slightly green.
Cheers
nulla nulla
Positive Expectancy
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Re: XAO Banter Thread - "Banter" not "Analysis"
And I still managed to get my correction wrong. The US increased the rate at which the federal reserve lends money to banks in emergency, from 0.5% to 0.75%, an increase of 0.25%. The Asian markets reacted negatively to the news and then our market followed suite.
I still consider that there was an element of the Friday sell off in the xao as people took their money out for the week end. It happens regularly on a Friday and is more noticable when the markets are skittish. Volumes being traded at present are still low in my opinion also.
And yes there is money to be made in this climate. As I stated in the chat site after the close of the auction, I finished the day ahead. $74.00
You guys would do yourself a HUGE favour and get your head outta the p!ss ant penny dreadfuls XAO stocks and learn about some inter-market analysis.
Stevens had no effect. It was the US discount rate, which is not their interest rate - diff thing, that smoked us, all futs as well as currencies. Then it was Japans & Korea's positive lead up after their open. They gapped down then went Kermit, along with the EUR bottoming and kicking up. BUT then the HSI opened and got smoked right out of the gate at 12:45 to 1:00. Everything else followed.
Thats the day. Bucket loads to be made just being aware of stuff thats out their.
Its opposite to a green Kermit. Highly accurate leading indicator used by sophistimacateded hedge funds.
And I still managed to get my correction wrong. The US increased the rate at which the federal reserve lends money to banks in emergency, from 0.5% to 0.75%, an increase of 0.25%. The Asian markets reacted negatively to the news and then our market followed suite.
I still consider that there was an element of the Friday sell off in the xao as people took their money out for the week end. It happens regularly on a Friday and is more noticable when the markets are skittish. Volumes being traded at present are still low in my opinion also.
And yes there is money to be made in this climate. As I stated in the chat site after the close of the auction, I finished the day ahead. $74.00
nulla nulla
Positive Expectancy
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Bold call with almost an hour to go, hoever a good one as it turns out.
The DOW finished up +9.45 (+0.09%) at 10,402.35 points and the NASDAQ closed up +2.16 (+0.10%) at 2,243.87 points. This makes 4 days straight gains by the dow and it appears the recent drop was a correction and not the start of the doomsday bear run everyone is expecting (not just yet anyway).
You would be forgiven for expecting a reasonable bounce on Monday in respect of some of the stocks that were sold down in the over-reaction yesterday.
nulla nulla
Positive Expectancy
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This is an extract from Colin Woods (Incrediblecharts) daily email of 22 February 2010:
"The correction appears over, with the Dow and other major markets recovering above recent highs. Long-term momentum, however, is slowing and we are unlikely to see a repeat of the heady gains from 2009. Short- and medium-term trading systems are likely to out-perform long term traders for the foreseeable future ”” until the global financial system returns to a sound footing, with no artificial support from central banks. It may be some time before we witness another bull market."
I am not sure whether he is referring to the correction of the global financial plunge which bottomed in March 2009 and now appears to have corrected, or whether he means the recent 10% correction is over.
"The correction appears over, with the Dow and other major markets recovering above recent highs. Long-term momentum, however, is slowing and we are unlikely to see a repeat of the heady gains from 2009. Short- and medium-term trading systems are likely to out-perform long term traders for the foreseeable future ”” until the global financial system returns to a sound footing, with no artificial support from central banks. It may be some time before we witness another bull market."
I am not sure whether he is referring to the correction of the global financial plunge which bottomed in March 2009 and now appears to have corrected, or whether he means the recent 10% correction is over.
nulla nulla
Positive Expectancy
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Australia ASX All Ords +36.20 +0.78% 4,651.10 2/26 12:00am
Australia ASX Mid-cap 50 -3.40 -0.08% 4,138.70 2/26 12:00am
Hong Kong Hang Seng +209.13 +1.03% 20,608.70 2/26 12:00am
Japan Nikkei 225 +24.07 +0.24% 10,126.03 2/26 12:00am
Belgium Bel 20 +34.22 +1.38% 2,514.87 2/26 6:08pm
Europe DJ Stoxx +25.65 +1.05% 2,470.18 2/26 5:50pm
Europe Euronext 100 +10.28 +1.60% 651.97 2/26 6:08pm
Europe Euronext 150 +15.41 +1.13% 1,380.03 2/26 6:08pm
France CAC +68.03 +1.87% 3,708.80 2/26 6:13pm
France SBF 80 +70.63 +1.53% 4,685.83 2/26 6:07pm
France SBF 120 +48.71 +1.82% 2,721.50 2/26 6:08pm
Germany DAX +66.13 +1.20% 5,598.46 2/26 5:45pm
Germany MDAX +146.44 +2.02% 7,393.26 2/26 5:45pm
Germany TECDAX +10.51 +1.35% 788.13 2/26 5:45pm
Netherlands AEX +2.89 +0.92% 317.74 2/26 6:08pm
Norway OSE Industry +4.47 +0.27% 177.19 2/26 5:28pm
Sweden OMX -3.80 -0.40% 940.51 2/25 12:00am
Sweden OMSX All Share -1.76 -0.59% 297.37 2/25 12:00am
UK FTSE 100 +76.30 +1.45% 5,354.52 2/26 10:16pm
UK FTSE All Shares +38.19 +1.42% 2,736.80 2/26 10:16pm
UK FTSE Eurotop +21.97 +1.03% 2,146.66 2/26 10:16pm
UK FTSE Techmark +20.51 +1.17% 1,774.27 2/26 10:16pm
Canada TSE 300 -1.81 -0.02% 11,629.63 2/26 4:30pm
Canada CDNX +13.25 +0.87% 1,531.19 2/26 4:30pm
Canada S&P/TSX 60 -1.01 -0.15% 680.76 2/26 4:30pm
Monday should prove interesting. If we led the world down on Thursday, our partial recovery on Friday also appears to have led the world. It seems the world markets might consider that the Greek economy will not have the negative impact first feared. Perhaps on Monday we will move in accordance with the stengths and weaknesses of our own reporting season.
Australia ASX Mid-cap 50 -3.40 -0.08% 4,138.70 2/26 12:00am
Hong Kong Hang Seng +209.13 +1.03% 20,608.70 2/26 12:00am
Japan Nikkei 225 +24.07 +0.24% 10,126.03 2/26 12:00am
Belgium Bel 20 +34.22 +1.38% 2,514.87 2/26 6:08pm
Europe DJ Stoxx +25.65 +1.05% 2,470.18 2/26 5:50pm
Europe Euronext 100 +10.28 +1.60% 651.97 2/26 6:08pm
Europe Euronext 150 +15.41 +1.13% 1,380.03 2/26 6:08pm
France CAC +68.03 +1.87% 3,708.80 2/26 6:13pm
France SBF 80 +70.63 +1.53% 4,685.83 2/26 6:07pm
France SBF 120 +48.71 +1.82% 2,721.50 2/26 6:08pm
Germany DAX +66.13 +1.20% 5,598.46 2/26 5:45pm
Germany MDAX +146.44 +2.02% 7,393.26 2/26 5:45pm
Germany TECDAX +10.51 +1.35% 788.13 2/26 5:45pm
Netherlands AEX +2.89 +0.92% 317.74 2/26 6:08pm
Norway OSE Industry +4.47 +0.27% 177.19 2/26 5:28pm
Sweden OMX -3.80 -0.40% 940.51 2/25 12:00am
Sweden OMSX All Share -1.76 -0.59% 297.37 2/25 12:00am
UK FTSE 100 +76.30 +1.45% 5,354.52 2/26 10:16pm
UK FTSE All Shares +38.19 +1.42% 2,736.80 2/26 10:16pm
UK FTSE Eurotop +21.97 +1.03% 2,146.66 2/26 10:16pm
UK FTSE Techmark +20.51 +1.17% 1,774.27 2/26 10:16pm
Canada TSE 300 -1.81 -0.02% 11,629.63 2/26 4:30pm
Canada CDNX +13.25 +0.87% 1,531.19 2/26 4:30pm
Canada S&P/TSX 60 -1.01 -0.15% 680.76 2/26 4:30pm
Monday should prove interesting. If we led the world down on Thursday, our partial recovery on Friday also appears to have led the world. It seems the world markets might consider that the Greek economy will not have the negative impact first feared. Perhaps on Monday we will move in accordance with the stengths and weaknesses of our own reporting season.
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Isn't the discount rate the same as official 'interest rate' decisions?
It's basically just the over-night money market rate used in REPOs to control liquidity in the system. The rest of the rates are priced off the yield curve or by renegade banks.
That's what I remember learning........may have to refresh my memory.
It's basically just the over-night money market rate used in REPOs to control liquidity in the system. The rest of the rates are priced off the yield curve or by renegade banks.
That's what I remember learning........may have to refresh my memory.
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Yawns...............
Time to hedge them longs with a few short entrys again in my not so humble opinion ...........
Game on again but at least a nice low % loss entry on stopout points .........
I could always be wrong i spose .
Time to hedge them longs with a few short entrys again in my not so humble opinion ...........
Game on again but at least a nice low % loss entry on stopout points .........
I could always be wrong i spose .
Trembling Hand
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Interesting. If She rolls over here then we have a lower high. That's of course if it first doesn't push higher or doesn't just flop around for a week or two.
Personally think it could push higher here without much effort. In fact I think it needs to or it actually could start looking quite sick internally, in terms of diverging sectors, non participation, LH kinda way.
Personally think it could push higher here without much effort. In fact I think it needs to or it actually could start looking quite sick internally, in terms of diverging sectors, non participation, LH kinda way.
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Cheers TH.
I been known to be wrong by a few days on numerous occasions in here
This is just the zone i am currently intrested in from here to previous top .
I only have my money where my mouth is currently on one finance position still waiting on entrys on other vehicles as they present themselves.
Just bantering along really..........
I been known to be wrong by a few days on numerous occasions in here
This is just the zone i am currently intrested in from here to previous top .
I only have my money where my mouth is currently on one finance position still waiting on entrys on other vehicles as they present themselves.
Just bantering along really..........
In early December '09 we got good US jobs data and December was an up month.
In early January '10 we got bad US jobs data and January was a down month.
In early February we got good US jobs data and February was an up month.
But last Friday's numbers were a little undecided to me. 9.7 was unchanged. Less jobs lost but nothing to really get excited about. Initially the market reacted up but I thought the pros shorted into that rally, and hence the spi and ES dropped a little today.
I guess I'll look at US etf ,stock and commodity volumes over the next few days to see if the pros set up for an up or down March. I thought I saw some 'top-like' volumes in currencies but we are getting close to rollover which screws up volumes.
In early January '10 we got bad US jobs data and January was a down month.
In early February we got good US jobs data and February was an up month.
But last Friday's numbers were a little undecided to me. 9.7 was unchanged. Less jobs lost but nothing to really get excited about. Initially the market reacted up but I thought the pros shorted into that rally, and hence the spi and ES dropped a little today.
I guess I'll look at US etf ,stock and commodity volumes over the next few days to see if the pros set up for an up or down March. I thought I saw some 'top-like' volumes in currencies but we are getting close to rollover which screws up volumes.
Whiskers
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I'm with you broadway, the news is getting better but nothing for most (the mob) to get too excited about just yet.
But my sometimes dubious EW count says we won't go higher this time but reverse for a minor wave c to somewhere close to the last low.
I'll be taking most of my free carried profits, maybe tomorrow... just in case I'm wrong and the bears are right and a major C is underway.
If I'm right I'll buy back at lower prices.
But my sometimes dubious EW count says we won't go higher this time but reverse for a minor wave c to somewhere close to the last low.
I'll be taking most of my free carried profits, maybe tomorrow... just in case I'm wrong and the bears are right and a major C is underway.
If I'm right I'll buy back at lower prices.
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