aussiebear Posted December 15, 2011 Report Posted December 15, 2011 Early openers sinking: Kiwis -0.4%, Aussies -1.4%, Nikkers -1.3% and Sth Korea -1.5%. Similar story to yesterday for Aussie sectors: Gold -3.7%, Miners -2.7%, Energy -2.6% with the only green sector being IT +0.2%.
aussiebear Posted December 15, 2011 Author Report Posted December 15, 2011 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted December 15, 2011 Author Report Posted December 15, 2011 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/
K Wave Rider Posted December 15, 2011 Report Posted December 15, 2011 So far gold not able to climb above 1580....if it rolls over here, and takes out the lows and doesn't immediately reverse, it will be in free fall zone for another 100 points or so...
aussiebear Posted December 15, 2011 Author Report Posted December 15, 2011 Another red one: All Ords -1.2% with Gold -3.2%, Miners -2.4% and Materials -2.3%. All red in Asia: China -1.4%, Honkers -1.9%, India -1.6% and Nikkers -1.2%. On to UK/Europe:
Jimi Posted December 15, 2011 Report Posted December 15, 2011 So far gold not able to climb above 1580....if it rolls over here, and takes out the lows and doesn't immediately reverse, it will be in free fall zone for another 100 points or so... Mickey just made another run at it. Wake up Europe. Die PIIGS, die.
Jimi Posted December 15, 2011 Report Posted December 15, 2011 Lugnut, weren't there a H&S on the HS that was supposed to trigger with a +200 point move? *Click*
Jetlag Posted December 15, 2011 Report Posted December 15, 2011 They yanked Abby out of a Conference somewhere on Dec 5 to say that stocks were cheap. With her track record that's good enough for me, and the recent price action since Dec 5 only confirms it for me. Didn't know about that. What did she utter? 15% rise on the SPX in 2011?
Lemur Posted December 15, 2011 Report Posted December 15, 2011 So far gold not able to climb above 1580....if it rolls over here, and takes out the lows and doesn't immediately reverse, it will be in free fall zone for another 100 points or so... Looking for gold to pop to $1620 (200day MA underside) where shorts will be waiting.
K Wave Rider Posted December 15, 2011 Report Posted December 15, 2011 Watching ES here at hourly back kiss of broken 500... could be big pivot spot for today...
bundys_dodge Posted December 15, 2011 Report Posted December 15, 2011 They yanked Abby out of a Conference somewhere on Dec 5 to say that stocks were cheap. With her track record that's good enough for me, and the recent price action since Dec 5 only confirms it for me. She is the sell-side distribution queen and in that role she does her job very well in assisting Goldman prop desk to unload accumulated inventory [aquired cheap], at a fat profit, to the public. Goldman and Abby are very good cycle traders. My own charts confirmed on the 5th it was time to get out and/or get short or daytrade the wiggles with the expectation of lower lows after the bounces. Awesome trading opportunities. Good to know that. Thanks...
DrStool Posted December 15, 2011 Report Posted December 15, 2011 Santa Bringing Coal To Investor Stockings
Lemur Posted December 15, 2011 Report Posted December 15, 2011 I guessed euro would rally when it refused to go down yday as Gold, Aussie where tanking. I have a hedged long. Will also be looking for an opportunity to get short at resistance.
K Wave Rider Posted December 15, 2011 Report Posted December 15, 2011 battle raging at ES 1220 after the news noise...bears need da finga now to keep the ball...
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