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99 Posts Total by "eelman":
93 Posts by member
Eelman
(Maine, United States)
6 Posts by Anonymous "eelman":
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Eelman
Maine , United States
Posted Anonymously
14 years ago
Mar 10, 2010 13:30
In Thread: Commodity FX (CAD AUD NZD NOK)
Even on the reports of massive builds in crude, it will dip slightly and then catch a bid sending it soaring. With oil there are absolutely no fundamentals to support this price. It is just another investment vehicle, like equities or gold. All of which is constantly being propped up by the PPT. Most oil industry people say that fundamentals would have the price around 60-65.
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 10, 2010 12:54
In Thread: Commodity FX (CAD AUD NZD NOK)
Looks like kiwi is in the process of a classic pump and dump. Send it parabolic into the rate decision then SELL on the news!!!!
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 9, 2010 22:09
In Thread: Commodity FX (CAD AUD NZD NOK)
Looks like that NAB rhetoric has paid off for them...sending AUD to the moon. Glad I shorted the kiwi instead.
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 9, 2010 21:48
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Yes, I have noticed that little bump gold always gets at the end of the day.
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 9, 2010 21:38
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Hey Pipped-- Thought you would love this that I just found coming across the newswire.

2134 GMT [Dow Jones] Few technical levels are standing in AUD's way,
especially after another gain overnight, say strategists at NAB. With GBP and
EUR weighed down once again overnight by sovereign debt concerns, AUD/GBP hit a
fresh 25-year high just above 0.6100, while AUD/EUR rose to a new decade high
of 0.6730. Against USD, NAB strategists say their model's "fair value" estimate
is currently around 0.9450, making AUD/USD cross "the 'cheapest' in over a
year." AUD/USD recently at 0.9138. (geoffrey.rogow@dowjones.com)
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 9, 2010 21:12
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
The candle is somewhat bearish in the sense that we made a lower low & a lower high. This after several days of higher highs and higher lows (much the same as I mentioned on oil earlier). This can be an indication of reversing trend.
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 9, 2010 20:48
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Every single talking head they put on CNBC lately does nothing but say that they are very bullish and emphatically say that the market is going higher. They desperately want to take the S&P to 1200.
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 9, 2010 19:22
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Oil might just be at a critical turning point today. It made a doji on the daily chart yesterday at the top of what looks like the right shoulder of a h&s formation. (matched the level of the left shoulder almost exactly) Also today looks like the first time we had both a lower low and a lower high going back 7-8 sessions. Then again the puzzling relentless bullishness in equities may keep it supported.
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 9, 2010 19:10
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Got stopped out on the silver @ 17.21 earlier. Lost .21 on one lot and made .12 on the other, so not a total disaster I guess. Decided to try shorting oil this time instead-- @ 81.60.
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 9, 2010 19:05
In Thread: Commodity FX (CAD AUD NZD NOK)
Hope you're right about the PPT shooting their wad today Pipped. I shorted the kiwi @ .7026-- it made a nice evening star on the hourly chart.
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