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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)
I love this comment, its so very true LOL :-
McMolotov
$3.75 billion POMO today. If it doesn't close green, does that mean the party's over? Or does it just mean we'll get MOAR?
As for Tyler's article, I consider myself relatively intelligent, but this made me feel like a fucking imbecile. I'm sure I had the same look on my face while reading it that a five-year-old would have if Stephen Hawking were trying to explain string theory.
What I got out of it is what I get out of most articles of this type: The financial system is the equivalent of ten men tying their dicks together with string, and if one of them tries to run away, everyone's in for a shitload of pain.
very good, very clear!
btw, icbc is the best and biggest commercial bank in china, which GS just dumped all with good excuse.
Either we have seen truncated ABC up (intra day chart 60 or 120 min)
Or we have only seen A up and B down with C up in progress to target 1430 cluster of resistance.
If I am correct that the move up from 1336 low is only one of these correctives then I would expect new lows below 1336 in the days ahead. This is my preferred count. If price exceeded 1477 this count is invalidated for more bullish outlook. On daily chart pattern I don't feel the 1336 low is a meaningful long term low, pattern does not look completed.
I always mean for my analysis to provide trading parameters but perhaps I assume too much :-) But everyone is trading different timeframes in this room so we will never understand each other unless we make 100,000 word posts :-)
i will monitor stock recovery today, and maybe buy UJ again. but if we really in risk off mode, then sell.
anyway, tight sl less than 10 pips.