Histrionic hiccups

[aussiebear]

Early openers in the red: Kiwis -0.3%, Aussies -0.7%, Nikkers -1.6% and Sth Korea -1.3%.

 

In Aussie sectors resources are leading the market down: Gold -1.9%, Miners and IT -1.4% and Materials -1.3%.

 

 

 

 

[aussiebear]

 

 

 

 

 

 

 

http://finance.yahoo.com/intlindices?e=asia

[aussiebear]

http://money.cnn.com...s/morning_call/

 

 

 

 

 

 

 

http://www.kitco.com

 

 

 

http://www.kitconet....ase_metals.html

 

 

 

http://finance.yahoo.com/

[aussiebear]

 

 

Toilet seat cover package instructions (from China).

[jp6]

We will find out on Friday or next week if Gold got any legs???

 

Gold miners still under sell signals

[aussiebear]

 

 

All Ords closed off the lows at -0.5% and didn't look tooooo bearish actionwise. Resource stocks were the worst off, Gold -2%, Miners -1.1%, Materials -1%.

 

Over in Asia China -0.1%, Honkers -0.4%, India +0.1% and Nikkers -1.7%.

 

 

On to UK/Europe:

 

 

 

 

 

 

 

 

[Trader Joe]

Oaktree capital IPO the other week...

 

Now a Carlyle IPO...

 

Ugh!

 

Just remember the Alamo, and remember what happened to the market shortly after Blackstone IPO'd in 2007

 

[Trader Joe]

From The Hepburn Court in 1869

 

1869 for crying out loud...yet here we are

 

"It is an equally well known law that depreciation of notes must increase with the increase of the quantity put in circulation and the diminution of confidence in the ability or disposition to redeem. Their appreciation follows the reversal of these conditions."

[Trader Joe]

Every dip should be bought

 

And every rally should be sold

 

Until they can't

 

Wash, rinse, repeat

 

Short-term fish-flop trading only...for now...

 

[I_Am_Madness]

Well..

No change on my end.

 

Holding just 1/2 a position on my NQ short from around 2720s area.

Also holding some PCLN APRIL 720 puts.

 

Obviously the attempted "double" bottom is in play on the hourly.

Anything above 2722 on NQ would be warning number 1. Above 2742 and we got trouble ahead and you might want to cover.

 

That's the game plan. Trade safe fellas. If all goes well, i expect a good 60-80 points more on the downside for NQ this week. Anything in the 2620-2630 areas look solid to book profits.

 

Trade safe.

[DrStool]

 

Gold On The Edge

 

[I_Am_Madness]

And they say such 'caveman' style of charting doesn't work.

Oh really???? It's not the charts, but how you trade it.

 

Would had netted 30-40 points from Thursday's highs. My dumb ass only caught 6 of it. Covered right before Mr. Been-a-knee started his 2pm speech.

 

[I_Am_Madness]

I've been on these boards for close to 10 years and to see only 15-30 users only on really saddens me. I've seen new start up boards with 250+ active users. Are the discussion and content that poor here where it no longer even warrant a view?

[zero_value]

I've been on these boards for close to 10 years and to see only 15-30 users only on really saddens me. I've seen new start up boards with 250+ active users. Are the discussion and content that poor here where it no longer even warrant a view?

 

I liken it to a comparison of Mozart/Bach to Justin Bierber.

[I_Am_Madness]

Very interesting chart here.

The greatest fear for a gold bear would be above that downtrend.

The greatest fear for a gold bull would be below that 1550 double bottom.

 

Won't it be great if they smash that downtrend to the upside then come right back and break 1550 all within the next 3-4 months (August lows).