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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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There is an exiting figure forming in Dow fture price pattern.SP fut can hit upto 1076 range but stop out if 1099 take out.
rajib
Ashraf
MY ANSWER TO THE RELATION BETWEEN RBA HIKE AND DOW UP IS THAT TECHNICALY THERE IS A PROBABLE ZERO LINE REVERSAL ON US30 3 MONTHS CHART;
One, CIT's not THAT big enough to have an impact. Second, it is a clinical bankruptcy, i.e., we knew for months this was coming...we were prepared for this...and we know what to do w/ it now )unlike Lehman when it collapsed overnight,,,with no solution in sight)...
Asad
The bankruptcy of CIT group seems didnot negatively effect the Stocks in US
What can be the reason of that ?
Thanks for your clarification. Interesting what you say about the spike in the USD index chart. One of the brokers I use showed it. Another didn't. The one who did seemed to correct it later, although it still showed a healthy jump. Fortunately, it didn't affect me either way, that is to say, the erroneous spike.
As it happened I _did_ buy EUR/USD at the wrong time (I thought it had dropped as far as it was going to. However, it came back in my direction eventually, as I expected it to (eventually :-) ). [Don't trade like this at home kids .... :-) ]
I agree it's as well to be prepared for what might happen. Everyone (not here necessarily, but in the wider world) seems to have written off the dollar, but there seem to be several scenarios in which it could stage recoveries or mini-recoveries, each one of which is a potential pip-generating opportunity (or pip-losing threat, of course).
Regards,
Montmorency
P.S. Xaron: Are you the same (BWILC) guy who posts on FF under that name? Interesting posts/blog.