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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
Even Soros can't offer this one trillion sell.
Israel is really take seriously about the relationship with US now..........Goldman is Jewish bank too.......
JPY/NOK, $$$$$$ AND MARKET COLLAPS!
Guys, have a look at ACCENTURE plc, dropped from 40$ to 1 cent in 10 seconds, then rebound up again to around 40$!!!! http://www.google.com/finance?q=NYSE:ACN
Totally madness!
What's going on Ashraf?
Many people lost allot of money in seconds today.... no trust in market anymore....
S&P affirms Italian debt rating, quelling rumors of downgrade
Merkel: Market is exaggerating tensions, speculators are our adversaries
Greece passes austerity law; rioting resumes
Merkel: IMF had to act on Greece because Europe could not act alone
German cuts tax revenue estimates, Italy cuts growth outlook
Feds Bernanke: US economy continues to strengthen
US jobless claims fall to 444,000 from 448,000
Trading error in S&P 500 rumored to have sparked nearly 8% US equity slide intraday
Ive seen quite a few market panics in my nearly 25 years in the market but today was definitely one of the top ten and maybe one of the top five Oct 1987. Black Tuesday 1992, and the days after the Lehman collapse might rival today, but few top it
Markets were already under extremely intense pressure at mid-afternoon in New York with more rioting in Athens flashing across traders screen when US equities went into an epic freefall, never before seen in terms of the speed of the move, in my experience. The Down fell almost 1000 points intraday, the S&P 500 fell more than 100 points and all the other markets came completely unglued. Credit began to freeze like it did in 2007 through early 2009 and the market -making function almost seized.
It would not surprise me at all to hear of central banks intervening in markets tomorrow, not to change the markets direction so much as to try and lower volatility.
EUR/USD fell as low 1.2510, coming perilously close to triggering what is rumored to be a massive 1.25/1.35 DNT
Expect markets to be razor thin on Friday with banks conserving capital and speculators spooked by a spike volatility. Non-farm payrolls are small potatoes compared to what weve seen today and will be an asterisk, in the schedule.
have a look back
some ahve warned that the 61%pecent retracement are a critical point
some other have been calling thin air since january.
i was forcasting 10650 but wasnt expecting that all players would come in the breach.
the point of tension between forces in the market were at work. someone somehow had to give. a built up in traxx and net long position would ahve shown us that that some rupture point would have been underway.
wait and see tomorrow session and think about opening a small buy position for monday. we closed at an interesting level that can indicate us some coming buying pressure next week on the market.
Ashraf said UNBELEVABLE !!!!!!!!!
WWWWWooooooooooooooooWWWWW
What can i say when we see this monstruous moves ??!!??
SHOW MUST GO ON
we are in a deflationary crisis who wants gold in deflation ?
explain!!!??!?!?!