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by Ashraf Laidi
Posted: Aug 14, 2009 10:23
Comments: 203
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This thread was started in response to the Hot-Chart:

USDJPY Cyclical Peaks

 
said
mulhouse, France
Posts: 2822
15 years ago
Sep 8, 2009 0:33
ok handler
why dont you take advantage of the last upward leg in us30 till the treasury reaches its resistance and then short the market
i make my asumption on elliot wave analysis and i foresee al last rally before we coreect
check the fibonacci; we bouced back at the 38 percent level and generally it means that the next target is 50 pecent. dont call the top when we reach the 9800 level
regard
statoil and banana pancake are still good
FXHandler
Norway
Posts: 195
15 years ago
Sep 8, 2009 0:23
Said,
September, statistically.. yes, it is not good. I don't look at that, I look at the overwhelming rally that have been going on. And we are soon at 9/11, my guess is that the correction is very close now.
SP500 struggling to go over 1036. Doubble tops have been made on several indicies, fundamentals are not changed, Hang Seng Index bearishness. And the biggest indicator of all, people already started to forget about last year.... Dumb money... going in now.
Correction on it's way. You can thank me later.

Statoil is a very good pick cause the Government was the prime owner before, now it is out on the open market, but still the government have the biggest influence on this oil company. It means it can NEVER go bankrupt.

regards
said
France
Posted Anonymously
15 years ago
Sep 7, 2009 23:25
handler
ashraf is right statistacally september is bad for stock
but if u follow the cauious approach of nordea north american funds u might miss some opportunities in the us30
by the way statoil is a good pick they r among the few oil companies that massively invest in replenishing their reserves especially in the north sea close to montrose. uk is their deversing market
FXHandler
Norway
Posts: 195
15 years ago
Sep 7, 2009 22:52
September will be very bearish for US stocks and all other stocks..........
speculator
Posted Anonymously
15 years ago
Sep 7, 2009 20:33
september will not be bearish for us stocks
asad
London, UK
Posted Anonymously
15 years ago
Sep 7, 2009 20:29
Ashraf,

What's your take on oil when the markets open tomorrow? I don't see it breaking 68.70 again! Will we see 66s during the week? Thanks!
said
mulhouse, France
Posts: 2822
15 years ago
Sep 7, 2009 20:27
hi ashraf
wednesday we have seven years (if i dont mistake ) treasury auction
what do u think about the bid to cover ratio? could it trigger a sell off in treasury?
redstone
Bristol, UK
Posted Anonymously
15 years ago
Sep 7, 2009 18:49
many thanx ashraf. seems no stopping the AUD at the moment. could this fall back if theresa pull back on the main indices this month ?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 6, 2009 17:41
stone, Sep is statistically the worst month in US indices. i said many times the August shanghai composite index showed a terribly bearish cande, suggesting more downside in September.

Ashraf
redstone
Bristol, UK
Posted Anonymously
15 years ago
Sep 4, 2009 18:49
Thanx Ashraf. You say September, is there some event in particular that could trigger the drop to 148 GPB/JPY ?