Posts by "carlco"

well that was a bit of a non event day.

cougr-interesting point on VIX, i read at CBOE that there was a big AUG 50 CALL this might be a hedge trade for someone- so read into it what you will. the concern for me next week is what Obama does with California's impending $21bil muni. bond default, that could really wobble markets and give an excuse for profit taking, possibly. Im not sure, Ashraf, or anyone, may be able to guide me on this point, what this default may mean for the dollar, as muni bonds are held mainly by general public, would this be the final straw, a race out of any bonds into Gold maybe? i don't know?? anyone?

GBPUSD, ive just noticed another interesting thing on the trend line daily has been touched on 5 times now, each time jumping 400-600 pips, after this last bounce high 3rd June it started to create a cup and handle all the way to the trend line yesterday. target 172. comments appreciated , next week is going to be crazy, i can feel it.

Ashraf, i had to comment on your tweet about reuters-chinese mutterings about the reserve currency. I didn't hear the Chinese crying when exports to the USA were bringing in $trillions that they have now through artificially capping their currency, sounds to me like they should practice what they've preached to the rest of the world for 2 millennium about Ying & Yang. I feel very strongly about this since they first started crying about their falling bond values. Complaining now in the middle of the worst financial crisis in post war history just shows their true colours. I hate this political posturing and it's yet another example of why regime's absolute power corrupts absolutely.

jmx, 172-173 - 175, but i like drawing several fibonacci's from different points, all the way back to an average price in 2005. I still see this as a bear market rally, international stimulus of this magnitude has to have some effect right? so if the figures coming out are from external influences not a free market then you have to look to historic levels. Thats how i do it anyway, my views as always are just that. a view. Comments and thoughts as always appreciated. One thing i do 'KNOW ' is, that there's way too much news and data to follow everything with any depth, thats why these forums are so good, we only have 1 pair of eyes each!