aussiebear Posted October 17, 2008 Report Share Posted October 17, 2008 http://finance.yahoo.com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted October 17, 2008 Author Report Share Posted October 17, 2008 http://money.cnn.com/markets/morning_call/ http://www.kitco.com http://www.kitconet.com/webcharts/base_metals.html Energy futures Link to comment Share on other sites More sharing options...
aussiebear Posted October 17, 2008 Author Report Share Posted October 17, 2008 All Ords not getting carried away so far. The index is currently +1.5% with all sectors up bar Healthcare, -0.8%. REITs is leading the greens, +3.4%, IT next, +3.2% followed by Consumer Discretionary, +3%. Basic buying on the big 2: BHP +1.6% and RIO +1.5%. Golds all down: Newcrest -3.7%, Newmont -7.5% and Lihir -5.5%. Oils mixed: Woodside +2.4%, Santos -1.7% and Caltex +0.8%. Link to comment Share on other sites More sharing options...
aussiebear Posted October 17, 2008 Author Report Share Posted October 17, 2008 Okaaay, you could say the punters were generally unimpressed by the US action. All Ords seems to be finding reasonable support around the 3940 level so best guess is that we go into a sideways move with decreasing volatility. The index closed -1.1% dragged down by Miners -4.5%, Materials -4.1% and Energy -2.2%. There were a number of green sectors including REITs +4%, Telecomms +2% and Consumer Discretionary +1.8%. Miners got a right old hammering: BHP -4.7%, RIO -5.1%, Newcrest -6.4%, Newmont -8.9% and Lihir -5.3%. Oils headed south: Woodside -2.7%, Santos -4.3% and Caltex -2.7%. Asia mixed: China +1%, Honkers and India flat, Nikkers +1.8%, Sth Korea -1.4% and Taiwan -2.4%. Over to UK/Europe: http://finance.yahoo.com/intlindices?e=europe Link to comment Share on other sites More sharing options...
astral mike Posted October 17, 2008 Report Share Posted October 17, 2008 i still think doc's 1929 crash pattern is still valid... if so, we sell the opex open. Link to comment Share on other sites More sharing options...
Jetlag Posted October 17, 2008 Report Share Posted October 17, 2008 Looks like we'll get a gap down open. Link to comment Share on other sites More sharing options...
Jetlag Posted October 17, 2008 Report Share Posted October 17, 2008 Slow untangling of market rates continues. "The three-month dollar rate will decline about 10 basis points to 4.40 percent today, according to David Buik, a market anal cyst in London at interdealer broker BGC Partners Inc. It was 4.82 percent a week ago. The euro interbank offered rate, or Euribor, for three-month loans slid for a sixth day, easing 4 basis points to 5.05 percent today, the European Banking Federation said. It has dropped 33 basis points this week. " http://www.bloomberg.com/apps/news?pid=206...3rg0&refer=home Link to comment Share on other sites More sharing options...
Pretzel Logic Posted October 17, 2008 Report Share Posted October 17, 2008 i still think doc's 1929 crash pattern is still valid... if so, we sell the opex open. 701060[/snapback] I'm still looking for approx. 200 points downside on the SPX starting sometime between now and Wednesday. I would change that stance if they can break the down-sloping trend channels to the upside. Today's action will be interesting fer sure. Futures look schizophrenic. I'm surprised. I was expecting a gap up for OpEx, figuring they would try to take back 950 (of course, that could still happen in the next couple hours). Link to comment Share on other sites More sharing options...
Jetlag Posted October 17, 2008 Report Share Posted October 17, 2008 I'm still looking for approx. 200 points downside on the SPX starting sometime between now and Wednesday.? I would change that stance if they can break the down-sloping trend channels to the upside.? Today's action will be interesting fer sure.? Futures look schizophrenic.? I'm surprised. I was expecting a gap up for OpEx, figuring they would try to take back 950 (of course, that could still happen in the next couple hours). 701069[/snapback] The landlord and the aussies went down overnight. Disbelief in a bounce. Link to comment Share on other sites More sharing options...
Jetlag Posted October 17, 2008 Report Share Posted October 17, 2008 Wondering how the BP looked in '29. Link to comment Share on other sites More sharing options...
astral mike Posted October 17, 2008 Report Share Posted October 17, 2008 Futures look schizophrenic.? I'm surprised. I was expecting a gap up for OpEx, figuring they would try to take back 950 (of course, that could still happen in the next couple hours). 701069[/snapback] agreed, when i posted today, the futures were pushing 950 and looked like it would gap up at the open. Link to comment Share on other sites More sharing options...
astral mike Posted October 17, 2008 Report Share Posted October 17, 2008 UK's ftse100 index could go either way. posi divs, but the horizontal support just looks too good to be true! what's the famous saying, "support & resistance are there to be broken" ? Link to comment Share on other sites More sharing options...
Pretzel Logic Posted October 17, 2008 Report Share Posted October 17, 2008 The landlord and the aussies went down overnight. Disbelief in a bounce. 701071[/snapback] "The landlord" lmao. Funny, sad, and true all at the same time. Link to comment Share on other sites More sharing options...
stevieo Posted October 17, 2008 Report Share Posted October 17, 2008 Did I hear someone say max pain is 1100? Link to comment Share on other sites More sharing options...
astral mike Posted October 17, 2008 Report Share Posted October 17, 2008 Did someone mention max pain is at 1100? 701077[/snapback] SPY max pain @ 108 http://www.optionpain.com/MaxPain/Max-Pain.php Link to comment Share on other sites More sharing options...
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