Posts by "carlco"

thanks for reminding me 'YET AGAIN' that these gdp figures can and are often revised after their announcement. i keep forgeting this in the mele' of the day trades. note to self, must remember gdp figures get revised.
looking at the 5min gbpusd from the 22nd 23rd support line, this intersects today with the 50% fib retracement @ 15615-17 its a steep trendline, im preparing for a very 'dancing around' that fib level day.
Ashraf, if the Treasury committee decide on interest rate rise what does this do to sterling strength ? am i right in saying the numbers look more encouraging than the usa / and if so even if gdp is slightly optimistic that would mean we are recovering ahead of the states and 'most' of europe? so which ever way sterling looks to gain against the dollar until such time we see the revised gdp /and or more positive stateside news?

15450 seems to be gaining support @9.45am GMT, could we be seeing the rest before a proper push to break and hold 155?

@ashraf LOL. Yes people, please read the web site !
may i suggest ashraf some drop down menus on analytics /blogs ? possibly a small graphical chart of what view you hold short / medium /long? i do appreciate your site is free , but it can be a bit confusing cross-reading between forums and analytics, just a suggestion, throw it in the bin with contempt if you so wish!

what the hell just happened to the ftse? it just dropped like a stone!

stationdealer, interesting point, but i read in the ft that the euro was still over valued, and that bad debts by the banks still hadnt been fully written down in the eurozone, so it might well be that stocks are good value but they are going to get better value with pressure on euro , but am i right in thinking that any write downs will have yet more negative effect on eurozone stocks? thus even more value ? i keep hearing on stocktwits dont go trying to catch falling knives.... i think this is good advice in these uncertain markets. any thoughts on my ramblings anyone?