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by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
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This thread was started in response to the Article:

VIX, Oil, BRICS & Sterling's Sell-Appeal

BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
 
speculator
Posted Anonymously
15 years ago
Feb 6, 2010 12:55
next target for cable is 1.5277 @ 50% Fib
asad
London, UK
Posted Anonymously
15 years ago
Feb 6, 2010 2:40
Ashraf,

On Dec 16, you wrote:

"No Asad, It is the Brent that is usually HIGHER than WTI and not the other way round. The few times when brent was below WTIC was brief and abnormal ( i think it was earlier this year). "

Eversince, WTI has stayed above Brent. And as I wrote earlier, this has traditionally been the case. I'm just getting back to this topic because I had been noticing this trend through the years...and had been surprised by your contrary revelation.

Secondly, I (still) wish ti understand why this differential REALLY exists.

Finally, I'd received a lot of stick from a certain Forumer over NOT knowing my oil well - I have always known WTI to be more expensive than Brent...


Asad
asad
London, UK
Posted Anonymously
15 years ago
Feb 6, 2010 2:05
Montmorency,

I don't know the markets better than you, but I can tell from experience that anyone who follows technicals in the coming weeks could (repeat, COULD) be in some kind of trouble. Fundamentals...and esp/ the herd effect...will rule the roost!


Asad
asad
London, UK
Posted Anonymously
15 years ago
Feb 6, 2010 2:00
Guys,

NOW do you know what I meant by a 'friday tricky close' in my previous close! Oil collapsing like nine pins. Love it! LOve it! Love EVERY freakin BIT of it!

An 8-dollar delta in three days is SOMETHING!


Asad
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 5, 2010 21:53
@PippedOff: LOL! So .... any predictions for Monday Sir.....?

montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 5, 2010 21:52
@Caseyfj: Yes, sometimes you have to grasp the nettle and take the loss.
I'm not so good at doing that myself, to be honest, but I know it (usually) makes sense.
Depends also and partly on your style of trading and the particular market.
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 5, 2010 21:18
American PPT called in with 1-1/2 hours until close in U.S. Stock market to erase a 167 point deficit and turn it into a 10 point game.

The meaningless except in number only 10,000 DOW must be defended at all costs by the U.S. Gov't/Goldman-backed PT to avoid a panic.

BTW, CNBC-U.S. was a morgue all day until the PPT intervened. ThePPT and SNB both intervened in the inancial markets within a 12-hour period of each other.

CNBC was interviewing someone and when the DOW "miraculously" erased the 167 point deficit and went positive, the CNBC host rudely cut-off the interview and screamed, 'THE DOW jJUST WENT POSITIVE, AND IS BACK ABOVE 10,000 WHERE IT BELONGS".
chloethebull
Posted Anonymously
15 years ago
Feb 5, 2010 20:48
ashraf,its crazy how accurate u are..im talkn about how u said to casey to sell @ 1,0700..i never thought we would hit that today but here we are..lol..have a fantastic weekend an i look forward to next week with u..pz
Caseyfj
Texas, United States
Posts: 8
15 years ago
Feb 5, 2010 20:15
Thanks for the answer Chloe and Ashraf. Even if it was to fall after touching 1.08, I couldn't run the risk of it not reversing. I got out with a loss. Thanks for all you do. We will make it up next week and the weeks to come. Have a great weekend.
chloethebull
Posted Anonymously
15 years ago
Feb 5, 2010 17:24
hi ashraf,can you confirm if im right to say what i did to casey..about the upside to usdcad being limited..crude did get destroyed today but im sure its just a bunch of stops getting triggered ..im lookin for a nice bounce back..do u see the same ..thanks