Oyster Posted March 11, 2003 Report Share Posted March 11, 2003 From Here on OYSTER goes on FULL ALERT for a tradeable low entering this phase......I have given only 2 tradeable lows since this bear begun......Europe is at the levels or near...Unfortunately US is very stubborn.....I am short Gold....on full alert on Euro and European Bonds....... hi oyster! What do you think about DAX? I think it bottoms around current levels and i have the feeling that some biggies a ready to load up the ship IF we get belwo 2000. For example stocks like BASF, EON or even Bayer are defintiely not a sell anymore. You also look out for a top in euro? A quick run to 1.12 still possible, but yes should correct soon. What is your level to short? Here, or wait a bit more? TIA DAX area here.......my count past months on Crapvision has been 2200.....G2 area 2034.....I will not be pressuring ANY euro indices from here...as for Euro....my 10650 stop area from move from Dec 2nd has held dips...I would raise that stop VERY tight from here to 10950 (back under the 16.6 year XMA basis ECU)I am worried about Euro as a whole from here.....likewise Euro bonds.....near to multiweek corrections...... Link to comment Share on other sites More sharing options...
Oyster Posted March 11, 2003 Report Share Posted March 11, 2003 Gap down on most of the PM's today. Another big selloff, or could be an outside day key reversal... Gold contract now on its way to $325. all on course into April/August lows..... Link to comment Share on other sites More sharing options...
ThorAss Posted March 11, 2003 Report Share Posted March 11, 2003 Dustbowl, It's what is going to lead to your name coming true. That was in response to huey9's question about what is the PPT. Link to comment Share on other sites More sharing options...
Dustbowl Posted March 11, 2003 Report Share Posted March 11, 2003 I agree Thorass, It will just take much more time to get there though. Link to comment Share on other sites More sharing options...
fxfox Posted March 11, 2003 Report Share Posted March 11, 2003 hi oyster! What do you think about DAX? I think it bottoms around current levels and i have the feeling that some biggies a ready to load up the ship IF we get belwo 2000. For example stocks like BASF, EON or even Bayer are defintiely not a sell anymore. You also look out for a top in euro? A quick run to 1.12 still possible, but yes should correct soon. What is your level to short? Here, or wait a bit more? TIA DAX area here.......my count past months on Crapvision has been 2200.....G2 area 2034.....I will not be pressuring ANY euro indices from here...as for Euro....my 10650 stop area from move from Dec 2nd has held dips...I would raise that stop VERY tight from here to 10950 (back under the 16.6 year XMA basis ECU)I am worried about Euro as a whole from here.....likewise Euro bonds.....near to multiweek corrections...... wonderfull! when someone wants to play the comming rally the place to be will be DAX, just my opinion. Furthermore when someoen really has a longer time frame and doesnt beleive in the hypertiger scenario then he can start buying german shares here at this levels. gimme my aspirin and i gonna buy some Bayer shares! Link to comment Share on other sites More sharing options...
Bearman Posted March 11, 2003 Report Share Posted March 11, 2003 time for the dip buyers to get wiped out 3 OF 3 is something to see Link to comment Share on other sites More sharing options...
Guest Posted March 11, 2003 Report Share Posted March 11, 2003 Gold getting dumped. Potential PPT threat. That has always been a sure sign that they are going to support the stock market. Link to comment Share on other sites More sharing options...
simple guy Posted March 11, 2003 Report Share Posted March 11, 2003 SG warning again 23.70 is my target low on Q's this morning... bounce from there which I will probably short at its top 1260 should lead to a bounce to 1295 or close on NAS... Simple stuff... Link to comment Share on other sites More sharing options...
The brown one Posted March 11, 2003 Report Share Posted March 11, 2003 Report on tv here saying that the heads of all the European(country) banks have had a meeting which discussed close monitoring of the markets and possible(non-specified) intervention to stop further losses. Amsterdam market is already 30% down this year! Wonder if it will help? Link to comment Share on other sites More sharing options...
Oyster Posted March 11, 2003 Report Share Posted March 11, 2003 pattern should be up next 2 days.......with today's expected inversion Link to comment Share on other sites More sharing options...
simple guy Posted March 11, 2003 Report Share Posted March 11, 2003 Spoke too soon Watching 24.25 ish for the required 50% retrace.... double bottom just occurred at 23.91... Link to comment Share on other sites More sharing options...
Oyster Posted March 11, 2003 Report Share Posted March 11, 2003 Still holding scalp longs from late yesterday....and one third LT position shorts covered down to 806.25 ESH this morning.. :grin: :grin: :grin: Link to comment Share on other sites More sharing options...
simple guy Posted March 11, 2003 Report Share Posted March 11, 2003 my 24.10 level being hit now.... minimal required retrace here Based on last 5 weeks, and most recently.... would expect 24.25 instead as a rough 50% retrace of recent downleg. Hope that helps. Still short, but cash ready to add again... Link to comment Share on other sites More sharing options...
The brown one Posted March 11, 2003 Report Share Posted March 11, 2003 I notice that toal tick March madness is occurring once again! Link to comment Share on other sites More sharing options...
K Wave Rider Posted March 11, 2003 Report Share Posted March 11, 2003 Didn't take long to get the +1000 tick today. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.