Posts by "asad"

Gunjack,

Apologies. Need to work on my perception...

Gunjack,

It's no less than a passing comment when you state that "the recession is over everywhere now". To begin w/...what does everywhere mean? Does it include some UAE economies, which are teetering on the verge of collapse (e.g. Dubai)? Does it include India where they are still tweaking the interest rates? And what about Iceland?

And by the way - I believe Ashraf also stated it s/where - even the European figures may as well be a blip! We'll see what Germany and France have to offer in the next term. Remember what IBRD stated earlier this year - the recession is worst than expected...and that the world economy will shrink not by X%, but a worse Y%!

I'd love to meet anyone who says that the recession's going to be over w/in 2009... *smiles*

Steven,

It'll be pretty difficult breaking 60/b. If indeed it does...it could be heading to 55! We can expect OPEC to intervene as well. I agree w/ Ashraf on the first support level - 64 (we might even touch it by tomorrow). Again, breaking 60 seems a bit improbable. Something will give in around this level - supply disruption, Iran-ralated tension, US oil inventories or even hurricanes. In any case, we would not see ឬ.

Radu, I closed my previous position around 66.90s...and opened a new position at 66. It's positioned to close around $62...but I'm watching very carefully (I'll do this one manually *smiles*...looking at trading volumes at certain levels).

Await Ashraf's IMT...

Ashraf,

Yeah I'm only into oil...and I've read/heard/seen many analysts go on about technical and fundamental analysis over the years...but Ashraf...your analysis speaks for yourself! Seriously...even if you were to go wrong (by a shade barely, rarely)...you put so much insight and logic into it that you keep me thinking, 'no...the market behaved silly - Ashraf can't be wrong!'

Your last comment,

'THATS THE BEAUTY OF INTERMARKET ANALYSIS, YOU CAN TRADE AT LEAST 5 DIFFERENT CURRENCY PAIRS IF/WHEN YOY KNOW WHERE EQUITIES/OIL/YIELDS ARE HEADING.'

...leaves me w/ a mixed feeling. I feel idiotic and naive on one hand...and admit I've SO much to learn on the other. In all, it's a bit depressing. That's what you can do to other. :)

I envy the people under your tutelage! What understudies will they be...

Party yeeeaaaayyyy! Eating on us and bills on Ashraf (since he gets to move the markets).

And I volunteer to read you kids an excerpt from Ashraf's lastest story book - Currency Trading & (the) Inter (of) market Analysis (yeah, I've finally given in...and going to get one).