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by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
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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.
 
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lionking65
singapore, Singapore
Posts: 19
15 years ago
Sep 2, 2009 18:25
Ashraf, is Gold expected to go upto 1000 in this current run up?
smiler
Ireland
Posts: 15
15 years ago
Sep 2, 2009 17:34
Asad, I know what you mean but i'm not as brave as you! I'll only trade on the Short side in the current market. I make my target and wait for the pullback which invariably comes before Shorting again. If we see $65, this smiler will definitely be smiling :-)
anauel63
london, UK
Posts: 34
15 years ago
Sep 2, 2009 17:07
traders seemed to be waiting for the FOMC minutes; the indices are flat, anyway; crude and the S&P seemed to have found support wich make things pretty obvious
Gunjack
London, UK
Posts: 1184
15 years ago
Sep 2, 2009 13:22
Possible precursor to the main jobs data out on Friday??
Gunjack
London, UK
Posts: 1184
15 years ago
Sep 2, 2009 13:21
US ADP Employment Change (Aug) M/M -298K vs. Exp. -250K (Prev. -371K, Rev to. -360K)
anauel63
london, UK
Posts: 34
15 years ago
Sep 2, 2009 8:36
price action in VIX closed bullish (no upper shadow) yesterday;still more to come??
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 2, 2009 1:43
Asad, thatw as on the safe side. Besides, you never know with tomorrow's EIA data.

Here's AUDCAD looking at you
http://chart.ly/hc52bh

Ashraf
asad
London, UK
Posted Anonymously
15 years ago
Sep 1, 2009 23:49
Smiler,

I'm going ~65 short and then long b/w here and 67.50...and then short again (remember the 'step' I mentioned earlier - from 72 to 68.50 short, then long to 70.50 (quickie)...and then short again). Do you know what I mean?
asad
London, UK
Posted Anonymously
15 years ago
Sep 1, 2009 23:45
Ashraf,

Wait. Do you mean $72 next resistance...as in 70+2? I mean why would oil rise to 72 again? I missing s/thing here, right? Reply early if you can please - I'm busllishly bearish (massively short).

Spec, Qin, I believe 'occurs' ONLY on the forex forum. Spec, why would you sit on the sidelines in the oil market? Give me ONE technical or fundamental impetus that could bolster oil prices at this stage (barring the Israel/Natanz scenario, which could happen at ANY time really)? The only way it's heading momentarily is down.

I reckon (don't take me as seriously as you take me on oil) the correction in US equities will be down to level 8200. I don't know - time will tell...
smiler
Ireland
Posts: 15
15 years ago
Sep 1, 2009 23:34
Hi Asad, sorry for not posting earlier. Yes I had a good day today. I closed 2 profitable trades; I was short Cable and short Oil. I hope you made a Klondyke yourself, everything panned out exactly as you had said, and the FTSE was the icing on the cake for you! Well done and thanks again. Hopefully the $62 Oil materialises, i'll be watching.
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