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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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jjstone
Toronto, Canada
Posts: 45
14 years ago
Jul 1, 2010 8:47
Flat 500
jjstone
Canada
Posted Anonymously
14 years ago
Jul 1, 2010 8:45
1013 on the S&P. I have never seen so much tech support. 32 fib of the 2009 bull, 68 fib of the 2008 bear, its the monthly 200ema (only broke once in last 40 years, Lemans). Stoch oversold on the daily.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 30, 2010 23:05
@Qiman: Can't remember where I saw it, but somewhere I read that the _price_ of GS stock (rather than their predictions) could sometimes be a leading indicator for where the stock market as a whole is headed. I pass this on for what it may be worth. (I haven't verified it for myself).
chloethebull
Posted Anonymously
14 years ago
Jun 30, 2010 21:57
any thoughts out there how the markets will be tomor...??s&p crashed through 1040??oil an usd strength an gold..any1 thinking somthing has to give huge gap downs? im looking to short usdcad but im thinkn if oil tanks to 70buks then were does that put usdcad 1.0850+?canadian markets closed tomor any thought tsx open for fri ??possib a huge gap down,start of capitulation of the markets, mass exit for the door forcing gold position to liquidate ..causing a 600pts down day???gl guys
ZEE
Canada
Posts: 20
14 years ago
Jun 30, 2010 19:56
on friday unemplyment are comin up, every body is bearish as i am too, if we see unemployment at 9.8 or 9.9 even, what u say about s&p then, do u think its gonna go down to 1000 mark? can we expect any kinda rebound after this friday?
Qiman
United States
Posts: 237
14 years ago
Jun 30, 2010 19:51
@ Zee, you are welcome! Regarding NG, in time it will surely retest 5.20, but the timing is the problem. NG could bump around where it is for awhile depending on hurricane paths and the summer heat. But it could also explode in just one day if a storm lines up for Louisiana. Weather will be the biggest factor, especially as the overall world economy looks a bit tepid at the moment for industrial demand.
ZEE
Canada
Posts: 20
14 years ago
Jun 30, 2010 19:23
thanx qiman,

what's your target for nat gas, as i am also long nat gas 454 level
Qiman
United States
Posts: 237
14 years ago
Jun 30, 2010 19:03
Just an abbreviation for Technical Analysis, some swear by it, others think it is reading tea leaves.
ZEE
Canada
Posts: 20
14 years ago
Jun 30, 2010 18:55
what's TA GUYS? u guys talking about it, i am trying to figuare it out, but confused?
Qiman
United States
Posts: 237
14 years ago
Jun 30, 2010 18:09
Oil today was a good example of TA sometimes driving things strongly--it failed to form a double bottom at around 75.50, and then plummeted 75 cents within minutes. Wasn't correlated with much else going on out there, siimply the chart pattern didn't hold and so short sellers piled on.
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