K Wave Rider Posted October 24, 2004 Report Share Posted October 24, 2004 SP futures open under 1095.. Link to comment Share on other sites More sharing options...
Brisbane Bear Posted October 24, 2004 Report Share Posted October 24, 2004 I have been stalking the All Ords for months now,kept getting stopped out,I went fully short the SPI futures at the low (high) of the day Friday and will absolutely scream if this isn't the beginning of a very substantial correction. The arrogance of the bulls on the various Aussie sites has been unBEARable in recent months....they are due a decent kick in the knackers,but they be lucky buggers,more lives than a cat... Link to comment Share on other sites More sharing options...
dozer Posted October 24, 2004 Report Share Posted October 24, 2004 K-wave, tanks for the most excellent overview and charts of buck and franc. I agree with your reading of the charts, but.... ...I can't help but think that one of the idjits is gonna step on their weenie again. They've been doing it so regularly lately Without an 'event', the buck will probably bounce as you say. But I would just add that the -likelihood- of an "event" is pretty high right now I think. By 'event', I mean: "something which scares people away from buck/US". Seems to be a surfeit of that lately; and a surfeit of possiblities for more of it.... Link to comment Share on other sites More sharing options...
DrStool Posted October 24, 2004 Report Share Posted October 24, 2004 As you guys know, the close in cmap on Buck is 84.50. It should have a significant bounce from there, but there's also a longer term cmap of 81 which I think will be hit. Uncle Fuku will defend the yen for awhile, but not indefinitely. Link to comment Share on other sites More sharing options...
Hiding Bear Posted October 24, 2004 Report Share Posted October 24, 2004 As you guys know, the close in cmap on Buck is 84.50. It should have a significant bounce from there, but there's also a longer term cmap of 81 which I think will be hit. Uncle Fuku will defend the yen for awhile, but not indefinitely. The former Vice Minister of Finance in Japan, Sakakibara, also known as "Mr. Yen" says that the yen will "fall towards 100 yen in the next one to three months" and that the present MOF will not take the same "abnormal" action it did in the first quarter 2004 to support the US$. Edit: Comments above from Bloomberg Television As you will remember, the BOJ and MOF - acting almost like two central banks - bought more than $100 billion US in the first three months of 2004. That's a $400 billion annual rate. Since the US current account deficit is recently running at a $700 billion annual rate, even $400 billion a year in dollar accumulation by foreign central banks may not stem the dollar's fall. It may however keep the bond yield low, since new public Treasury issues are running at about a $450 billion annual rate. [also posted this in B4 the Bell forum, where new registered members are welcome] Link to comment Share on other sites More sharing options...
soup Posted October 24, 2004 Report Share Posted October 24, 2004 gold up 3.10 and spoos down a buck and a 1/2? //// I would not fade Kwave on the dollar. Sure the dollar is a POS but so is the yen/euro etc. Thinking about inflation/deflation ( at all times including in my sleep it seems) most in this country would be bailed out by inflation. Think of all the massive debts, since when do the majority get bailed out? Link to comment Share on other sites More sharing options...
wndysrf Posted October 24, 2004 Author Report Share Posted October 24, 2004 Boing!!!! Link to comment Share on other sites More sharing options...
wndysrf Posted October 24, 2004 Author Report Share Posted October 24, 2004 Friday's Close. Looks like a breakout day tomorrow. Link to comment Share on other sites More sharing options...
Bearman Posted October 24, 2004 Report Share Posted October 24, 2004 live quotes GC Z04* 4266 4294 4266 4292 + 36 SI Z04* 7370 7415 7360 7405 + 72 TX Z04* 85580 85580 85500 85510 -460 :shocked Link to comment Share on other sites More sharing options...
wndysrf Posted October 24, 2004 Author Report Share Posted October 24, 2004 Oooof............. Link to comment Share on other sites More sharing options...
wndysrf Posted October 24, 2004 Author Report Share Posted October 24, 2004 Commodity Buying Panic tomorrow?? CRB Link to comment Share on other sites More sharing options...
wndysrf Posted October 24, 2004 Author Report Share Posted October 24, 2004 Spoos Link to comment Share on other sites More sharing options...
wndysrf Posted October 24, 2004 Author Report Share Posted October 24, 2004 Naz Link to comment Share on other sites More sharing options...
wndysrf Posted October 24, 2004 Author Report Share Posted October 24, 2004 Earl Link to comment Share on other sites More sharing options...
wndysrf Posted October 24, 2004 Author Report Share Posted October 24, 2004 Gold Link to comment Share on other sites More sharing options...
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