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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Apr 15, 2011 0:39
Ashraf, sounds good and I shouldn't pre judge. Also realise you need to delegate some things. And yes, if anyone attempts to label a chart I will always upstage them :-). But seriously, the SPX comments would be a mystery to some folk whereas they might have a better understanding from the levels on a chart. Value of a pic. Knowing what timeframe !

Jury out and hope you appreciate my initial thoughts/feedback :-)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Apr 15, 2011 0:29
Yeah, not altogether my idea of diagonal 5th, I call it truncated but your sense proved right !

If we completed W.1 down, W.2 allowed to ret 99% but not exceed 100%. Preferably will reverse long before that and give us plenty dosh again. I shall be very sensitive to what stocks are doing, cad/usd, gold, looking for clues.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 15, 2011 0:28
Nor, Dave, yes the oil entry i posted by MNI's FX Bullets seems quite straightforward. Aside from the reviews and previews and heads up on things you may not be familiar with (latest analysis & previews on US Budget, US treasury auctions, portuguese auctions), they do post lots of useful technical analysis from investment banks on FX, commodities and indices as those Ive tweeted today.

Most importantly, MNI release the instant analysis (abt 50-10 seconds after the release) while people are still figuring out what happens. One example is today's 30 yr auction, which went very well (it showed % of indirect bidders and compared it to last 3 months), which explained the resulting decline in the USD.

By the way, the staff at MNI are former traders with lots of trader contacts and are NOT reporters or kids on Twitter operating from their basement pretending to be "experts:

Dave, it seems if i showed you something more to your liking, you would come in and ask for "the chart labels"... and If i did provide you with that, youd probably come up w. another request??

As I said, I will provide 2 weeks free and you guys can figure out how to use it. Obviously, NOT everyone will know what do with the news that an auction is better than expected (negative for USD) or what to look for in retail sales.

Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Apr 15, 2011 0:23
Should stocks go into risk averse mode tomorrow then the 50% level at 109.39 might play. Move back up so far looking very choppy/corrective !
Nor
Lemberg, Canada
Posts: 249
14 years ago
Apr 15, 2011 0:18
:)...turned out to be a diagonal after all.
if this move is contained by 113 will be helava short.
hopefully we'll get the charts with that two weeks trial!
gl Dave
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Apr 15, 2011 0:12
Yeah Nor, eyeballing that 61.8% level @ 110.35ish and could pose false break of the 110.22 pivot high:-)

Now that's the kinda analysis might have some value, lol.
DaveO
UK
Posted Anonymously
14 years ago
Apr 15, 2011 0:06
Its a bit like so many twitterers posting all the forex calendar events. Endless repetition. Surely anyone trading forex is going to have the forex factory calendar at their elbow plus option of a squawk service as an addition. Duplication and multiple repetition of basic info is becoming a real problem clogging up the wires. Its the non basic info one might consider paying for.
Nor
Lemberg, Canada
Posts: 249
14 years ago
Apr 14, 2011 23:59
Dave, 110 loox promising..
Nor
Lemberg, Canada
Posts: 249
14 years ago
Apr 14, 2011 23:58
i dont see anything special!:(
highs, lows and where it closed...how much people are paying for that?
im sure i can do it for less :)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Apr 14, 2011 23:52
I have to assume they are talking to traders/investors who do not themselves chart what they trading/investing in. Oil report presented simply states what I can see on my charts. Same with the SPX report.

Perhaps I am missing something yet to unfold. Only fair to trial before passing judgment.
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