International markets traders banter

[Joules MM1]

i smell a rat in a trap.........

stinkin

[CanOz]

Distributing...I'm going to wait and see. We could stay in a range for a while...Bracketing.

[Joules MM1]

Distributing...I'm going to wait and see. We could stay in a range for a while...Bracketing.

trap not quite sprung yet.......some days it's best to see if the second mouse who got the cheese didnt also get the booby-baite too ......

[CanOz]

trap not quite sprung yet.......some days it's best to see if the second mouse who got the cheese didnt also get the booby-baite too ......

One things for sure its best not to take a bloody bias!!

CanOz

[Joules MM1]

One things for sure its best not to take a bloody bias!!

CanOz

bias is normal, bias being another word for opinion......we discussed the imagination thing this morning.....distribution/accum are events by people, the question is, by whom and what's the gain, what's the target once it's completed, what's the point in distributing right here......who's taking up all that distribution.......what's the point of todays date if any......

[sinner]

One things for sure its best not to take a bloody bias!!

CanOz

Generally I find it's better not to simply ignore/exclude trades which go against your bias (personally I think bias is good), but rather to size trades which go with your bias differently from those which go against.

[Timmy]

Dudes - not the weekend yet

Chatter that ECB deposit rates could turn negative by September

Any news on this around? Last I heard was a week ago

[Timmy]

Dudes - not the weekend yet

Yowza - not even close yet!!!!

Euro buying, big, the driver this morn

[Uncle Festivus]

So do we think that the Dow is used as a global proxy to pump global markets? The weekly loss just magically disappeared in the last half hour tickle up?

JPM - The loss on the synthetic credit portfolio was offset by accounting gains from adjustments in its debt valuation, an increase in the value of some securities holdings and a reduction in loan-loss reserves. Overall, the bank’s second-quarter earnings fell 8.7% from the year-ago quarter, as the bank saw a 16% decline in revenue.

What a crock of sh*t! Apparently $5BILLION worth of 'adjustments'??? Welcome to 'The Emperor is naked' market.

China still contracting GDP 7.6% previously 8.1
China Industrial Production y/y worse than expected @ 9.5%
UoM Consumer Sentiment worse than expected @ 72
etc etc

Moody’s Investors Service announced on July 12 that it was downgrading Italian government bonds by two more notches in response to the continuing financial problems plaguing the country. The Italian bond rating went from A3 to Baa2, which makes the sovereign debt instruments of seventh largest economy of the world just two notches ahead of junk bonds. Italy’s national debt is currently €415 billion, or one quarter of its GDP.

(Reuters) - Standard & Poor's downgraded the credit ratings of nine euro- zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday the 13th for the troubled single currency area.

Ho hum - like shooting fish in a barrel

If my theory - manipulated woodies because they know upcoming data is going to be bad - is correct then expect some more bad news next week and some big falls??

[CanOz]

Why can't it be a technical retest of the bearish wedge...made up of mostly shorts taking profits after days of declines...

Should this not be expected?

CanOz

[Uncle Festivus]

Why can't it be a technical retest of the bearish wedge...made up of mostly shorts taking profits after days of declines...

Should this not be expected?

CanOz

I guess that's all it's got going for it then - a short covering rally worth 200pts?? Needs a dose of financial air freshener I think - something stinks about these markets? Did anyone, using any method, predict a 200pt rally?

Can anyone come on here and say with any confidence what the Dow will be this time next week, esp the techo's? I think the unpredictability of it all is a major reason why retail (traders) is largely absent these days (look at the volume?)?

[notting]

Although I'm not deluded enough to think I can predict anything,
I did go in pretty hard Thursday and a bit more Friday, because the moves by the ECB were quite significant last time we were at these levels.
Yesterday was the first day of zero interest offered by the ECB for institutions to keep money with them, and as that came on line a massive amount of cash was taken out and, well, must be put somewhere!!
I also felt the JP Morgan Whale-gate was overplayed and that JP Morgan's reporting would give the US a lift.
Also felt that 7 days of decline is rather rare.
Also thought that the Italian Bond interest rate decline was a rather bullish indicator given it occurred after it was downgraded!
Also felt that the reporting season was entered into with low and negative expectations as was the expectations from China.
Seemed like there was only one way things could go.
Oddly the market actually did what it should have.

[Trembling Hand]

Oddly the market actually did what it should have.

nah mate it should go to zero.

[notting]

nah mate it should go to zero.

What? On Monday?
Oh yeah it's 2012, didn't pick you for one of them TH

[Uncle Festivus]

nah mate it should go to zero.

I'm not advocating that, although cant rule it out completely

What I am saying is that all these measures are being taken exactly because things are so bad - it's not because all is sunshine & tim tams is it?

So obviously the various QE's etc go firstly into equity plumping coz there's pretty much nothing left to money shuffle. Just another opportunity to take advantage of the human condition of ignorance I guess.....

The challenge is still there - closing Dow value next Sat morning and more importantly, why. It's all very well to post in hindsight what was done after the fact.........

[Joules MM1]

marketwatch


9:32p
Australia's RBA: below-average rates appropriate
9:32p
Australia's RBA: saw low inflation rate
9:32p
Australia's RBA: Saw below average growth

[Joules MM1]

rat-trap sprung.......is the bull market in shorting the HSI over.......nah......not yet

[Trembling Hand]

rat-trap sprung.......is the bull market in shorting the HSI over.......nah......not yet

Bloody hell best 30 min of trending in a long time and I'm outta the game due to "tech difficulties"!!

[CanOz]

Check out the business done before that pop...

[Timmy]

and I'm outta the game due to "tech difficulties"!!

Its OK, he's come back.