T_Slim Posted September 15, 2008 Report Share Posted September 15, 2008 Cycle projections I posted on M2M nailed the low in the dollar last night. 5 hr cycle projection now looks 79.17. 688509[/snapback] Yet technical analysis doesn't work right Doc? Would it be safe to say that today will be a bloodbath? Link to comment Share on other sites More sharing options...
Jetlag Posted September 15, 2008 Report Share Posted September 15, 2008 Yet technical analysis doesn't work right Doc?? Would it be safe to say that today will be a bloodbath? 688513[/snapback] Amazingly EUR/USD is at 1.41 when the recent highs (fryday) were 1.425 Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2008 Report Share Posted September 15, 2008 dollar going wild. Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2008 Report Share Posted September 15, 2008 79.33 up .50 from the overnight low. Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2008 Report Share Posted September 15, 2008 Yet technical analysis doesn't work right Doc? Would it be safe to say that today will be a bloodbath? 688513[/snapback] Well, the open for sure. But look how the dollar has reversed. So I'll stick with what I wrote in last night's Wall Street Examiner Professional Edition market update. Nonsubscribers- You can try it risk free for a month, with a money back guarantee if not satisfied. Click the link below to get in now. Link to comment Share on other sites More sharing options...
Jetlag Posted September 15, 2008 Report Share Posted September 15, 2008 What does the FED doesn't accept anymore? Z$ dollars? "The Federal Reserve widened the collateral it accepts for loans to securities firms to include stocks in an effort to help Wall Street weather Lehman Brothers Holdings Inc.'s plans for bankruptcy. " http://www.bloomberg.com/apps/news?pid=206...N3yQ&refer=home Link to comment Share on other sites More sharing options...
Jetlag Posted September 15, 2008 Report Share Posted September 15, 2008 Is the USD selective tumble against Yen a plea from the US to Japan to buy trashuries? Link to comment Share on other sites More sharing options...
Lemur Posted September 15, 2008 Report Share Posted September 15, 2008 Is the USD selective tumble against Yen a plea from the US to Japan to buy trashuries? 688520[/snapback] Looks like traders took the opportunity to go long the dollar on the pullback to the 21 ema (EURUSD, GBPUSD daily chart). Surprising given the news background. Gold surprising me also. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted September 15, 2008 Report Share Posted September 15, 2008 I just picked up 10K LEH at .361 for 'fun' here. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted September 15, 2008 Report Share Posted September 15, 2008 Someone help me out with this one. Why is BAC paying $29 p/share for MER, at this point in time? I mean, LEH is the fire sale du jour today. Did BAC just decided tonight would be a good time to open its war-chest and swallow a borker? If you really had your eye on MER, you wouldn't buy today unless you thought the price would be higher later, right? Well of course that's stupid. If you had your eye on MER you would wait until it was bargin shopping. The price is stupid and the timing is all wrong. What am I missing? 688469[/snapback] Just one friend helping another out. That's my guess. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted September 15, 2008 Report Share Posted September 15, 2008 79.33 up .50 from the overnight low. 688517[/snapback] Unstable market. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted September 15, 2008 Report Share Posted September 15, 2008 AIG might be next. http://news.yahoo.com/s/ap/20080915/ap_on_...p_restructuring Down almost 45% in prehour after a 50% drop last week. Hit a low of 5.9 this morning. RTQ 6.26 Link to comment Share on other sites More sharing options...
Trader Joe Posted September 15, 2008 Report Share Posted September 15, 2008 been looking to dump my FBNDX (fidelity investment grade bond fund). been holding a few bits of this in my 401(k). should have sold months ago, when it was in the low 7s. . . now it's 6.93/share. i'm anticipating a fright to perceived quarity in the next few days, which should give me an opportunity to sell the stuff a few cents higher. any thoughts on timing my exit, doc? tanks in advance. i'm going to sleep. hope to see plenty of red when i wake up. 688508[/snapback] We're probably gonna see spreads widen accross the board -- i.e., Treasury' will come in and corp will move out, so your selling opportunity of a few cents higher may come after things settle down which could be a week or two from now. Personally, I wouldn't bet on it. I don't know how much yer talking about (total investment), but I would wait until later this week and let's see what nonsense Paulson/Benspankme pull, that might firm things up fer ye. Link to comment Share on other sites More sharing options...
astral mike Posted September 15, 2008 Report Share Posted September 15, 2008 A few stoolies mentioned metalica over the weekend. Thier new album cover certainly appears apt re: death of lehman brothers. a "sign of the times" ? Link to comment Share on other sites More sharing options...
Trader Joe Posted September 15, 2008 Report Share Posted September 15, 2008 Finally, I gots me two candidates on the equity radar [1] AIG [2] UYG Link to comment Share on other sites More sharing options...
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