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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
said, my friend, by the way have you seen the movie Krach? it is a nice french movie, way better than Wall Street 2.
hope u r not on the trajectory of the big one.
what do u expect from guam fast forward and first expeditionnary corp. sorry to tell you also she is a bitch. i told this people to follow the procedure i made a mistake at that time.
go northwest.
:)) Will you share some of your vol profile charts? TIA
I've explained last Monday that it would be highly unlikely for the Dow-30 to end the week high, because such a development would have made it 9 consecutive weekly gain, something not seen since 1995. And thus, the failure for the Dow to gain on the week would mean 8 consecutive weekly gains, which is the first time since Mar-April, after which the May-June selloff occurred, including the May 6 Flash Crash. Then we saw the VIX posting a 20% increase on Friday, to close above both the 55 and 100-DMA in a single day, something not seen since May (also the month of that Flash Crash).
MARKETS HAVE CYCLES, AND CYCLE TURNS ARE TRIGGERED BY CATALYSTS. Whether it was the April 16 SEC announcement of its Goldman Sachs investigation that called the top later that month, Ireland and Spain's debt troubles in May, or Egypt's govt collapse last week, each of these make a good story for investors to sell-off. A CHINESE RATE HIKE this week before the FEB 3rd CHINESE NEW YEAR may well be the date for the next interest rate hike, in which case would further drive up USD against all currencies, DESPITE lofty oil and gold (which remain fuelled by the Egyptian knee-jerk reaction).
Ashraf
GL