PileDriver Posted December 27, 2002 Report Share Posted December 27, 2002 wow, mobs w/o scrupples really nailed PIXR down to 54 , from 60. Didn't he short 20,000 shares? Way to go dude! Hope ya didn't bail too early. Link to comment Share on other sites More sharing options...
seamus Posted December 27, 2002 Report Share Posted December 27, 2002 out of qqq short at 25.10, looking to go long here. 15 minute charts looking o/s Link to comment Share on other sites More sharing options...
rog Posted December 27, 2002 Report Share Posted December 27, 2002 goldmember,exactly. I will go long dollar if i get good signals, i never had a probelm to short something which is Dover Sole like hell, i only need confirmation, thats all. Euro rally reminds me of usdjpy rally last year. Exactly at the time when everybody thought "oh man, that thing will fly to the moon" it retraced. Last level where traders did go long euro heavily was at 0.96, now we are at 1.04, thats 800 pips, for a n intermediate term trader that is quite some money. RE: GBP, can you imagine what happens when a 22 y3ear long downtrend will be broken? Mon dieu! Fx, It looks to me like the Euro 104.5 - 107 area is where the European asset allocation to the US becomes a loss on a currency basis. IMO we may see a bounce in USD before we see those levels. But when we reach those levels we may see a reinforcing spiral that drives spoos down and Euro up. Link to comment Share on other sites More sharing options...
Drano Posted December 27, 2002 Report Share Posted December 27, 2002 Metamucil, thanks for biodrech info. It's great that we have people with various areas of expertise here. Your biodrech info is going to be very valuable to us. $$$$$$ Link to comment Share on other sites More sharing options...
richmtn Posted December 27, 2002 Report Share Posted December 27, 2002 AOHell: Yesterday's battle of 13.00 has turned into a rout. I'd hate to be on the wrong end of a meeting with Turner. Link to comment Share on other sites More sharing options...
Guest Posted December 27, 2002 Report Share Posted December 27, 2002 CBOE Intra-day Put/Call Link to comment Share on other sites More sharing options...
The End Posted December 27, 2002 Report Share Posted December 27, 2002 Rich, I thought Big Bad TED sold a shit load of ahol stock last year? (like all of it) Link to comment Share on other sites More sharing options...
soylentgreen Posted December 27, 2002 Report Share Posted December 27, 2002 fxfox-goldmember-Dont suppose the dollar can rally with stocks again . It traded sideways during the Oct/Dec rally, and in my opinion this "failure to confirm" was determinant in the recent freefall. Furthermore, everybody is expecting a retracement, seeing Jpy almost stuck at 120. In my view, the conditions are ripe for a now, more than ever, (he, he,) an accident. Link to comment Share on other sites More sharing options...
PileDriver Posted December 27, 2002 Report Share Posted December 27, 2002 no need to overanalyze this situation. The situation is pretty clear: This POS is going to trend down slowly into never, never land. No sustained big ups, nor big downs. Just drift generally lower. He who waits for the perfect entry time will keep waiting. DRIP, DRIP, DRIP... Link to comment Share on other sites More sharing options...
Goldmember Posted December 27, 2002 Report Share Posted December 27, 2002 Rog, is the part where the competitive currency devaluation game kicks in? Japan must be freaking breaking 120. I am expecting Japan to sell yen and buy dollars and throw in some buying of crappy stock off the commercial banks in Japan. That ought to smack down the yen and boost the buck for a bit. All of the two week move once it has made the turn. Like fx I merely await the turn to say so first. Link to comment Share on other sites More sharing options...
fxfox Posted December 27, 2002 Report Share Posted December 27, 2002 rog, yes, around the levels you metioned correction will start. Correction should start no later than first week of jan. Also notice how strong chf is. Look at it on monthly chart, it is the strongest european currency. Link to comment Share on other sites More sharing options...
richmtn Posted December 27, 2002 Report Share Posted December 27, 2002 Memorable Quotes from Trading Places (1983) Billy Ray Valentine: It seems to me that the best way to hurt rich people is by making them poor. ------------------------------------------------------------------------------ Louis: Looking good, Billy Ray! Billy Ray: Feeling good, Louis! ------------------------------------------------------------------------------ Randolph Duke: Mother always said you were greedy. Mortimer Duke: She meant it as a compliment. ----------------------------------------------------------------------- [Approaching the New York Commodities Exchange] Louis Winthorpe III: Think big, think positive, never show any sign of weakness. Buy low, sell high. Fear? That's the other guy's problem. Nothing you have ever experienced will prepare you for the unlimited carnage you are about to witness. Superbowl, World Series -- they don't know what pressure is. In this building, it's either kill or be killed. You make no friends in the pits and you take no prisoners. One moment you're up half a mil in soybeans and the next, boom, your kids don't go to college and they've repossessed your Bentley. Are you with me? Billy Ray Valentine: Yeah, we got to kill the mother-- we got to kill 'em! Link to comment Share on other sites More sharing options...
Takachi Posted December 27, 2002 Report Share Posted December 27, 2002 Irony is if yen starts to weaken, that should give physical gold a kick up in Japan. A virtuous cycle from our point of view. Link to comment Share on other sites More sharing options...
rog Posted December 27, 2002 Report Share Posted December 27, 2002 Japan has a history of intervening in very thin markets like Christma eve and New Years eve. So large positions are not being taken at 120. Next year however is a whole new ball game. Also the Japanese are repatriating into the March year end to reliquify bank balance sheets. Link to comment Share on other sites More sharing options...
richmtn Posted December 27, 2002 Report Share Posted December 27, 2002 Rich, I thought Big Bad TED sold a shit load of ahol stock last year? (like all of it) Don't know, thought he was still a big owner. A couple of months ago they were talking about him as he went to reshuffling meeting. Link to comment Share on other sites More sharing options...
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