Gold, Oil & Indices (Equity & Bond Indices)

@zee, i wouldn;t touch oil at the moment ..wait to see how the dow ,s&p do today...if they trend lower then i think tsx will gap down tomor ,then there will be a massive sell off in comod,possib 300-400-neg day oil will surely shave off 2.50 to retest 70buks...but mayb wall street just made a move today an may cover pushn dow & s+p flat or positive today then u could see a nice bounce in tsx tomor...but it all comes down to were ur margin &acct are at an ur risk tollerance..if u wanna take a chance an invest today just use a tight stop cause i think 72.50--77.50 is pretty much no mans land an things could fall or climb really fast..im a huge fan of oil an usdcad but i choose not to play at the moment ..i decided to focus on shortn gold lately but onlly above 1250,at current level wait for it to fall through 1200 then u might be able to grab some pips but it could bounce off 1200 an run for 1250 again ..at which point i will be shorting again ..ok gl

rrose
US


June 29, 2010 22:46 ET

gold resistance at 1248 going short gold part now part 1245 tp 1205 stop loss at 1250 and move up with trend line

just like clock work anytime canadian markets are closed us markets pound comod...now wait for the gap down when tsx opens forcing pl to dump there good trades to cver margin calls lol..i dumped some of my gold shorts @1229 wayy to early but happy to book profits golds been playing strong..now to figure out were usdcad &oil is going??? ashraf do u see 65 for oil?thanks glad to have u back with more frequent imt& tweets..gl

I am watching oil myself for a short intraday bounce. Timing will be key, will need to see a clear bottom, as if anything is going to be clear today!

one must use intermarket covariance ( that is the derivative of the corellation coefficients change ) thus you have a set of diffence equations which can be numerically integrated to deliver algebraic equations for the corellation ... that's theory. In practice when the markets
panick its better to stay out and take a sunbath at the nudist's beach