Hey, I've got a great title for a new prime-time US Game Show -
[size=+2]"BULLION or BUST!![/size]"
Waddya think?
I closed my short and opened a small long while it was 5.1% down. It's now 5.3% down.
Reminder to self: NEVER EVER go long before 11:30am on a significant down day when you expect margin calls.
Gonna see if it recovers, then change my position to short at 2:30 before the next round of margin call selloffs.
"Paulson and other leaders need to step up and tell bank they have one hour to start lending if they don't the fed's will begin borrowing to people at the rate they charge the banks. its all about competition."
Would this work?
Next little hurtle for this 11:30 bounce will be at 12:45 - 1:00 when Hong Kong opens.
We are 100 points off the low. Will it survive the 5 to 10 % the HSI is going to open down?
There are no shorts!Those who are short have to take some profit at some time, Have a looka the move up, it is not a rocket, it is gradual, so generally speaking the bigger hands are offloading their shorts to the weaker hands who think they are buying a bargain. If the strong hands think their is more downside then they will come back in at some point and shove the weak hands down.
Ultimatley we will see after lunch who the strong hands are today.
it is gradual, so generally speaking the bigger hands are offloading their shorts to the weaker hands who think they are buying a bargain.
"Paulson and other leaders need to step up and tell bank they have one hour to start lending if they don't the fed's will begin borrowing to people at the rate they charge the banks. its all about competition."
Would this work?
Next little hurtle for this 11:30 bounce will be at 12:45 - 1:00 when Hong Kong opens.
We are 100 points off the low. Will it survive the 5 to 10 % the HSI is going to open down?
When you go short say on a futures contract, to get out(flat) someone has to buy it from you, so in other words. Most futures traders work on parameters and don't rely on trends to the same degree as stock traders, so in other words they are more likely to have a profit objective and get out at a specified profit objective.
someone at the ASX needs to hit the reboot button the the old commodore 64.
the carnage is just horrific...
i have no trades open... but i'm just terrified!!!
the way XAO is going... it;s looking like 3500 is more and more of a reality... i never ever truly believe that it could be a possibility, but i'm finally waking up to it..
Whisker's "pot hole" is starting to look like an abyss...
Remember what Churchill said:
"Americans can always be counted on to do the right thing...after they have exhausted all other possibilities."
I have made a specific call on the XAO bottoming out between 3400 - 3800
Yes and those targets are still over the otherside of the back of bourke somewhere and simillarly 'lost' in the outback.
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