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IDS World Markets Fri 17th October 08


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Poll: Would it be a good idea to merge M2M into IDS and have a single daily thread? (63 member(s) have cast votes)

Would it be a good idea to merge M2M into IDS and have a single daily thread?

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#1 aussiebear

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Posted 16 October 2008 - 08:01 PM

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http://finance.yahoo.com/intlindices

#2 aussiebear

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Posted 16 October 2008 - 08:04 PM

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


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http://www.kitco.com


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

Energy futures

#3 aussiebear

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Posted 16 October 2008 - 08:19 PM

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All Ords not getting carried away so far. The index is currently +1.5% with all sectors up bar Healthcare, -0.8%. REITs is leading the greens, +3.4%, IT next, +3.2% followed by Consumer Discretionary, +3%.

Basic buying on the big 2: BHP +1.6% and RIO +1.5%. Golds all down: Newcrest -3.7%, Newmont -7.5% and Lihir -5.5%.

Oils mixed: Woodside +2.4%, Santos -1.7% and Caltex +0.8%.

#4 aussiebear

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Posted 17 October 2008 - 01:25 AM

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Okaaay, you could say the punters were generally unimpressed by the US action. All Ords seems to be finding reasonable support around the 3940 level so best guess is that we go into a sideways move with decreasing volatility.

The index closed -1.1% dragged down by Miners -4.5%, Materials -4.1% and Energy -2.2%. There were a number of green sectors including REITs +4%, Telecomms +2% and Consumer Discretionary +1.8%.

Miners got a right old hammering: BHP -4.7%, RIO -5.1%, Newcrest -6.4%, Newmont -8.9% and Lihir -5.3%.

Oils headed south: Woodside -2.7%, Santos -4.3% and Caltex -2.7%.

Asia mixed: China +1%, Honkers and India flat, Nikkers +1.8%, Sth Korea -1.4% and Taiwan -2.4%.


Over to UK/Europe:

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http://finance.yahoo...ndices?e=europe

#5 astral mike

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Posted 17 October 2008 - 02:05 AM

i still think doc's 1929 crash pattern is still valid...

if so, we sell the opex open.

1929.jpg

#6 Jetlag

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Posted 17 October 2008 - 05:38 AM

Looks like we'll get a gap down open.

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#7 Jetlag

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Posted 17 October 2008 - 05:56 AM

Slow untangling of market rates continues.

"The three-month dollar rate will decline about 10 basis points to 4.40 percent today, according to David Buik, a market anal cyst in London at interdealer broker BGC Partners Inc. It was 4.82 percent a week ago. The euro interbank offered rate, or Euribor, for three-month loans slid for a sixth day, easing 4 basis points to 5.05 percent today, the European Banking Federation said. It has dropped 33 basis points this week. "

http://www.bloomberg...3rg0&refer=home

#8 Pretzel Logic

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Posted 17 October 2008 - 06:33 AM

i still think doc's 1929 crash pattern is still valid...

if so, we sell the opex open.

1929.jpg

View Post


I'm still looking for approx. 200 points downside on the SPX starting sometime between now and Wednesday. I would change that stance if they can break the down-sloping trend channels to the upside. Today's action will be interesting fer sure.

Futures look schizophrenic. I'm surprised. I was expecting a gap up for OpEx, figuring they would try to take back 950 (of course, that could still happen in the next couple hours).
In honor of the times, back to the 2008 signature:

"When Black Friday comes, I'll stand down by the door,
And catch the grey men when they dive from the fourteenth floor,
When Black Friday comes, I'll collect everything I'm owed,
And before my friends find out I'll be on the road,
When Black Friday falls
you know it's got to be...
Don't let it fall on me." - Steely Dan, Black Friday

#9 Jetlag

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Posted 17 October 2008 - 06:54 AM

I'm still looking for approx. 200 points downside on the SPX starting sometime between now and Wednesday.  I would change that stance if they can break the down-sloping trend channels to the upside.  Today's action will be interesting fer sure. 

Futures look schizophrenic.  I'm surprised. I was expecting a gap up for OpEx, figuring they would try to take back 950 (of course, that could still happen in the next couple hours).

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The landlord and the aussies went down overnight. Disbelief in a bounce.

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#10 Jetlag

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Posted 17 October 2008 - 07:11 AM

BPNYA18Oct08.png

Wondering how the BP looked in '29.

#11 astral mike

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Posted 17 October 2008 - 07:16 AM

Futures look schizophrenic.  I'm surprised. I was expecting a gap up for OpEx, figuring they would try to take back 950 (of course, that could still happen in the next couple hours).

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agreed, when i posted today, the futures were pushing 950 and looked like it would gap up at the open.

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#12 astral mike

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Posted 17 October 2008 - 07:25 AM

UK's ftse100 index could go either way.

posi divs, but the horizontal support just looks too good to be true!

what's the famous saying, "support & resistance are there to be broken" ?

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#13 Pretzel Logic

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Posted 17 October 2008 - 07:34 AM

The landlord and the aussies went down overnight. Disbelief in a bounce.

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"The landlord" lmao. Funny, sad, and true all at the same time. :D :( :o
In honor of the times, back to the 2008 signature:

"When Black Friday comes, I'll stand down by the door,
And catch the grey men when they dive from the fourteenth floor,
When Black Friday comes, I'll collect everything I'm owed,
And before my friends find out I'll be on the road,
When Black Friday falls
you know it's got to be...
Don't let it fall on me." - Steely Dan, Black Friday

#14 stevieo

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Posted 17 October 2008 - 07:39 AM

Did I hear someone say max pain is 1100?

#15 astral mike

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Posted 17 October 2008 - 07:41 AM

Did someone mention max pain is at 1100?

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SPY max pain @ 108

http://www.optionpai...in/Max-Pain.php





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