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by Ashraf Laidi
Posted: Oct 22, 2009 18:16
Comments: 54
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Parameters in Equities, Oil

The 100-week moving averages in the S&P500 and US crude oil will act as the next resistance for risk appetite and USD-selling.
 
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hmmalik
Toronto, Canada
Posted Anonymously
15 years ago
Nov 1, 2009 1:45
ashraf

if next week oil break down 75[as u mentioned in imt] then where would be next stop?

thanks

regards
hmmalik
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 31, 2009 10:55
Jack, I dont have access to my copper chart now but i would say the stronger foundation of EM nations and better prospects for Australia will keep the metal a good long term play.

Rob, Did you say Aussie was oversold? we could see a break below the 0.8960 low after Asian selling in Monday but markets may take it easy ahead of what is expected to be a 25-bp hike, which instead of triggering a sharp rally in Aussie, i think would prevent it from falling as hars as other risk currencies next week when Fed spooks markets at FOMC. However, one thing you can do is to wait for the RBA announcement and look for possibility of selling Aussie after the knee jerk jump in the Aussie following the hike. if they dont hike, will fall like a stone. worse than what NZD did last week. cannot giove levels now cuz i dont know where Aussie will be before RBA. 0.86 is major support. i doubt we go below it.

Ashraf
Rob
New York, United States
Posts: 305
15 years ago
Oct 30, 2009 17:57
Hi Ashraf,

What effect do you think the impact of a rate hike in AUD will have on AUD/USD? Considering it is expected, do you feel this pair has room to go higher?
Everything seems oversold at this point.
Do you have a forecast for AUD/USD? Thanks and have a great weekend!
Gunjack
London, UK
Posts: 1184
15 years ago
Oct 28, 2009 14:18
Ashraf what are your views on Copper...Am hearing alot of big money players are moving out from SPX and NDX and into metals

Thanks
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 28, 2009 7:42
spec,

you should go short now if you believe this strongly.

good luck
speculator
Posted Anonymously
15 years ago
Oct 28, 2009 7:12
nzvik, depends on your trading style. but again looks like u need to look at shorting the market and following the trend initially. we may retrace down quite a bit.
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 27, 2009 23:26
spec - it sure could. but one could miss a million great trading opportunities if one keeps hoping for it. be aware of it and keep following the trend. no point trying to guess the turning point - when it comes their will be enough indications to go short.
speculator
Posted Anonymously
15 years ago
Oct 27, 2009 23:08
nzvil you never know it could happen.
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 27, 2009 22:42
researched EWT quite some time back - could fit waves in retrospect but could not use it to trade profitably. too subjective for me.

however, very well marketed by prechter. I bet as is the case most times - he makes more money marketing the theories rather than trading them.
nzvik
New Zealand
Posted Anonymously
15 years ago
Oct 27, 2009 22:30
if you are making money trading with EWT - thats great for you.

if I were following prechter - I would be short equities - he has been calling for a huge tumble from mid august (s&p 950) to go down all the way to 400
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