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Unsustainable Appetite in FX, Equities & Oil
We're witnessing more signs of peaking appetite, this time inside the individual Forex pairs, as well as more failure in oil and Chinese stocks
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...
Handler, I, not sure we'll see 30 oil but who cares when theres plenty of money to be made by JPY longs and GBP, CAD shorts when oil hits low 60s.
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.
Ashraf
But if it will drop to more than 30 dollar...down to 20-10$, that some expert predict... then the dollar will rise in the extreme and then it wil be the prophecy of the 1930.... All will go to hell!
Are you guys that bearish?
Geesus.. I might better go and find myself a cave.....
:p
Gunjack
Aha! Expected oil profit-taking over the weekend. (Your powers of analysis & forecasting seem to be rubbing onto me). ;) My heartiest congrats to the short-selling brethren! Reckon it'll test early 60s...BUT because we all (and sundry) would be waiting for it...it won't REALLY reach the point. I'm putting buys on 66.80. Do I have your blessings Ashraf?
Whatever...we're in the last 60s oil will see for a while. Next US oil inventory data will be very interesting. Stay tuned...
Thanks for the comment - I've been busy with work and haven't been closely watching the market - so I think my emotions are getting to me more than I'd like. Also, GBP/JPY is soooo volatile that I always think I can wait for a bounce (skyrocket) before shorting. Unfortunately, I it's been plummeting, adding to my skepticism. Also, being rational in an irrational market hasn't helped much for my margin. I'm thinking about getting in now before the Asian session. Just concerned on whether or not profit-taking will send it skyrocketing after I get in. It's about 156.72 now - perhaps 157.00 or even 156.80 --- but there goes my emotions --- US stocks seem to be "stabilizing" upward. Thanks again and have a great weekend!
Rob, i hope that GBPJPY short worked out for you.
Ashraf