aussiebear Posted October 14, 2011 Report Posted October 14, 2011 Looks like a pullback for the early openers: Kiwis -0.2%, Aussies -0.9%, Nikkers -0.6% and Sth Korea -0.8%. In the Aussie market all sectors red led by Miners -2%, Materials -1.9% and Energy -1.3%.
aussiebear Posted October 14, 2011 Author Report Posted October 14, 2011 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted October 14, 2011 Author Report Posted October 14, 2011 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/
aussiebear Posted October 14, 2011 Author Report Posted October 14, 2011 http://www.engrish.com/2003/04/im-cck/
Dopamine Posted October 14, 2011 Report Posted October 14, 2011 Looking to go short Qs via puts in the morning once again. First batch of puts few days ago was a clear loss but I was able to somewhat salvage the other half this morning. Now onto the next trade....
aussiebear Posted October 14, 2011 Author Report Posted October 14, 2011 Definitely on the red side of things today: All Ords closed -0.9% with sectors in around the same positions as the morning post. Miners -1.9% was in the downside lead followed by Materials -1.8% and Energy -1%. Also tending to red in Asia: China -0.4%, Honkers -0.9%, India +0.6% and Nikkers -0.9%. On to UK/Europe:
Trader Joe Posted October 14, 2011 Report Posted October 14, 2011 Wheat hoarding Harlan Klein, a wheat farmer in North Dakota, has just finished a disappointing harvest. But he is holding on tight to his crop and hasn't sold a single bushel. Instead, he is storing the roughly 300,000 bushels in bins, waiting for prices to rise. "We need to see a price improvement to start breaking some bushels loose," Mr. Klein said. It is a bet many farmers are making. Prices started to dip this summer after soaring in 2010 and this year, and many growers believe the decline is temporary because the harvest was smaller than expected. Urinal __________ Uh...ok...I see the recent decline (first chart) But on a longer term basis? (second chart) This dick could have sold forward in the summer and locked in the peak price....obviously he was hoping/expecting that prices would continue higher -- a bet he lost -- just like a stock inveshtor that wishes he had sold at the peak...."I'll just wait it out...surely it will go back up...right?" Maybe not douche, see: Netflix I find it fascinating that whether its internet stocks, the latest "hot sector", houses, commodes, or whatever...the same price action often presents itself Good commode chart source Anyway, good luck to you Harlan! I just hope you avoid the same fate as Sum Dum Fuk...although I doubt it.
Pretzel Logic Posted October 14, 2011 Report Posted October 14, 2011 Futures doing their best to prove me wrong this morning. Figures, since I was waxing all poetic in my blog update. It would be very odd if this top doesn't hold for at least a little while, based on the wave structure of the first drop, which was pretty clearly impulsive. But, hey, stranger things have happened. Rally Enters Corrective Phase; Signals New Price Targets for the Top Sometimes as you're charting, you just have to stop and shake your head in wonder. If you've been following my articles for a while, you may have heard me refer to the aesthetic nature of the markets, and of Elliott Wave in particular. I'm going to use this article as the perfect opportunity to not only discuss my projections, but also to illustrate how I reached those projections, and with that, the aesthetic I presently see in the charts. As a result of Thursday's price movement, the market has now given me two new data points to use toward refining my projections for this rally. Amazingly, this small amount of new data steers the projections almost perfectly into the confluence of two very meaningful market events... continued at http://PretzelCharts.blogspot.com
Rationalize Posted October 14, 2011 Report Posted October 14, 2011 Short aussie @ 1.0191. Stop at 1.0213. Has overshot pound and euro / usd.
Trader Joe Posted October 14, 2011 Report Posted October 14, 2011 CNBDouche quoting WSJ stating that "Wall Street" generates 6% of GDP BWHAHAHAHAHA They don't generate 6% of shit All they do is move numbers around on paper (ok, now done via 'puter), create PowerPoint charts, keep cocaine dealers in business and corrupt 18 year old Russian hookers Bottomline -- they don't create value -- they're parasites
Rationalize Posted October 14, 2011 Report Posted October 14, 2011 Short aussie @ 1.0191. Stop at 1.0213. Has overshot pound and euro / usd. Stopped out [in the ass].
bizfix Posted October 14, 2011 Report Posted October 14, 2011 TJ so many double bottoms occured last week and know off to races. Do you think we will have any retracements. Off the march 2009 lows prices just blasted off very similar to now. Any thoughts
Trader Joe Posted October 14, 2011 Report Posted October 14, 2011 TJ so many double bottoms occured last week and know off to races. Do you think we will have any retracements. Off the march 2009 lows prices just blasted off very similar to now. Any thoughts I think off to the races from now through Jan 2012 (as mentioned previously) I also think 1340 S&P at some point during that timeframe, and possibly a last gashbust to 1390 I will reevaluate in December
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