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World Stock Markets Trading Discussion - Petty pilfering


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All Ords 5-day chart

big.chart?nosettings=1&symb=AU:XAO&uf=0&

http://bigcharts.mar...com/default.asp

 

All Ords shuffled about nervously before ending the day +0.3%.   IT +1.3% was on top and Gold brought up the rear, -0.9%.

Over in Asia, China and Hong Kong both -0.7%, Japan +0.4%, India currently +0.7%.

UK/Europe not looking confident: FTSE -0.4%, DAX and CAC both -0.8%.

 

big.chart?nosettings=1&symb=UK:UKX&uf=0&

big.chart?nosettings=1&symb=DX:DAX&uf=0&

big.chart?nosettings=1&symb=FR:PX1&uf=0&

http://bigcharts.mar...com/default.asp

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I wonder how the PPT feels now about those ES futures it bought yesterday. Fortunately for them, they don't have to account for it. Just bury the cost in some other government account. Probably just a rounding error in the hundreds of billions in their checking account at the Fed.

 

 

 

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If this little stutter step was the midpoint of the move, then we're looking at 2892 as the target. Note: This is an if-then statement. In  other words, I have no fucking clue where this move is going.  Could be 2900-2898 where minor support lines project currently. Or this could be it.  Or 2850. Or 2830. Remember, they usually go down faster than they go up.  

2919 is minor resistance. If cleared, look for 2929. If they fail to clear, put on  your crash helmet. 

I would guess that the PPT and the Fed will attempt to defend 2900.  Whether they're able to do so successfully is the question. 

 

 

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MORE BOND MARKET MADNESS

In Denmark you can now get a ten year mortgage with a negative 0.5% rate.

A 30 year mortgage will set you back 0.5%.

The inflation rate is 1.6%.

So the lender on the ten year mortage is giving away 21% of their capital as a gift to the borower.

The lender giving out the 30 year mortgage is giving away 33% of their capital as a gift to the borrower!!!!!!!!!!

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