aussiebear Posted November 18, 2011 Report Posted November 18, 2011 Early openers not happy: Kiwis -0.6%, Aussies -1.6%, Nikkers -1.2% and Sth Korea -2%. Steep losses for a number of Aussie sectors: Miners -2.4%, Materials -2.3% and Gold -2.1% and Financials -1.9%.
aussiebear Posted November 18, 2011 Author Report Posted November 18, 2011 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted November 18, 2011 Author Report Posted November 18, 2011 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/
aussiebear Posted November 18, 2011 Author Report Posted November 18, 2011 http://www.engrish.com/2002/08/try-your-guts/
aussiebear Posted November 18, 2011 Author Report Posted November 18, 2011 No rising from the ashes today. All Ords closed -1.8% and in the sectors, Miners -2.6%, Materials -2.4%, Financials -2.4% and Gold -2.3%. Asia also on the slide: China -1.4%, Honkers -1.8%, India and Nikkers -1.2%. On to UK/Europe:
Jetlag Posted November 18, 2011 Report Posted November 18, 2011 YourHo zone yield watch: Spain: 6.76 Italy: 6.75 Belgium: 4.83 France: 3.53 Austria: 3.5 Deutschland uber alles: 1.9 German bonds are acting like trashuries in US markits. When there's a scare everyone runs to them. Fright to safety.
Jimbo Posted November 18, 2011 Report Posted November 18, 2011 THE GOVERNMENT OF TECHNOCRATS ESCAPE HATCH European politicians have learnt something from south america If you want to get re-elected, but your welfare system and standard of living is about to be torched what do you do???? You install a government of technocrats to do the dirty work! I.e. you distance yourself from the pain and much more importantly from the blame! You can then pose as the leaders of the disinfranchised masses railing against the cuts and the pain imposed by the foreign bankers! As the masses stick their pshycic and physical pins into the Technocatic ju ju doll instead of into you. You are no longer the icon of blame .....and more importantly your re-election chances just increased considerably!!!!
K Wave Rider Posted November 18, 2011 Report Posted November 18, 2011 Like I said yesterday, if we dont get downside extension at ES 1208, be careful... Hourly 900 held..no big surprise eh? Now we see if bears can stop things right about here at 1230, and make another run at it...
Goldmember Posted November 18, 2011 Report Posted November 18, 2011 Twins Basil! Key moving average and a major Fibo:
I_Am_Madness Posted November 18, 2011 Report Posted November 18, 2011 Looking good. Sold half at 1216.25 for +8. Holding the other half. Stop remains at 1200. Trade Safe fellas. Exited the rest at 1227.25 for +19. Boyah!
I_Am_Madness Posted November 18, 2011 Report Posted November 18, 2011 Shorted DEC ES at 1227.25 Looking for this morning gap to get fill. Stop above 1232.25. Trade Safe.
K Wave Rider Posted November 18, 2011 Report Posted November 18, 2011 NQ on the other hand...tryin' to turn old support into resistance... potentially huge pivot zone for the IT right in this area...
K Wave Rider Posted November 18, 2011 Report Posted November 18, 2011 Line in the sand drawn on Euro down around 1.35....if it eventually takes out that pivot, could see crashola... If it holds, and 1.38 gets taken out, then giant stick save possible...but still leaning toward that big throwover at 1.40 being the start of something big to the downside IT... we should find out soon now...
K Wave Rider Posted November 18, 2011 Report Posted November 18, 2011 Fraudster AZO at what looks to be potentially huge pivot spot... Huge Neggie D on daily chart on the last spike to new high.. The 15 min line now likely key to the whole house of cards...
K Wave Rider Posted November 18, 2011 Report Posted November 18, 2011 When AZO finally implodes after the insiders have sucked out every last penny, after using the corporate treasury to buy back over priced stock and then distribute it to themselves, leaving behind only a pile of debt, gotta feel sorry for all the suppliers delivering to them on a pay on scan basis.... As you can see, they increased the stockholder deficit another $500 million over the last year....while buying a billion and a half of overpriced stock, and adding another 430 million in debt to the pile. http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8200954-176107-182148&type=sect&dcn=0000950123-11-091540 http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8200954-189509-207559&type=sect&dcn=0000950123-11-091540 This is how the game works boyz and girlz.... Treasury stock can be resold by the company (hopefully at a higher price than when it was purchased) or it can be used to cover the exercising of stock options. In this latter case, the money spent to purchase the shares can be viewed as having been transferred directly to the employees or management.
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