Dow Futures Up!

[Gundini]

I always feel better when the US Futures are up before I go to bed.

There is some comforting about it

Not that they really tell you anything, but better to see them up, than pictures of traders jumping through the window all the same....

I never forget when I think Wayne said in a post: " Dow futures down 300+ "

this actually excited me because I wasn't invested. By the same token, I felt for those who were, I have been there myself...

But positive US Futures allow me to have a better sleep!

 

[MS+Tradesim]

Earnings reporting starts this week. I wouldn't get too excited.

 

[Gundini]

True, but Obama is about to throw money out of the window!

 

[MrBurns]

True, but Obama is about to throw money out of the window!

I think Congress have had enough of that.

 

[Gundini]

I think Congress have had enough of that.

On what basis do you say this MrBurns?

 

[MrBurns]

On what basis do you say this MrBurns?

I read (somewhere) that it will be very hard to get much more through because it hasnt done any good so far, so it may be that the only option for Obama will be to restructure the financial system which has to be done in any case.

 

[Glen48]

The dawn of a new error, what can go wrong?
Citi Bank joining Morgan Stanley and calling it Giti Morg has to be a good sign, Printers in demand and Helicopter pilots needed and Chinese word for pecker is Dow Dow so with the Dow up Mr. Burns you should sleep well and at worst not roll out of bed.
Good Night.

 

[Gundini]

Surely you jest Glen48, lol

I must say that your avatar is the funniest I have seen in a while.....

But seriously, the positive spin must outway the reality, at least for the induction period.

There must be some reprieve here, if only for the short term.

 

[MrBurns]

There must be some reprieve here, if only for the short term.

2 weeks.

 

[Gundini]

2 weeks.

I'm not sure of that.

America is in a crisis, and I think the positive spin may fuel the mums and dads a bit longer than that... Maybe a few months

 

[MrBurns]

I'm not sure of that.

America is in a crisis, and I think the positive spin may fuel the mums and dads a bit longer than that... Maybe a few months

Could be, but be it 2 weeks or 2 months, the result will be the same.

 

[Gundini]

Could be, but be it 2 weeks or 2 months, the result will be the same.

Agree!

 

[Gundini]

I always feel better when the US Futures are up before I go to bed.

There is some comforting about it

Not that they really tell you anything, but better to see them up, than pictures of traders jumping through the window all the same....

I never forget when I think Wayne said in a post: " Dow futures down 300+ "

this actually excited me because I wasn't invested. By the same token, I felt for those who were, I have been there myself...

But positive US Futures allow me to have a better sleep!

Does anyone on this forum take the Dow Futures seriously as a guide?

Have you kept any data as to positive DOW Futures and the relation to a positive day on the ASX?

Is there any guide here?

 

[MS+Tradesim]

Look through Nick Radge's posts. He put up some interesting stats on that topic fairly recently.

 

[MRC & Co]

US closed tonight anyways for the holiday of the King I believe.

Got no stats on it, guess it depends on what time you took the US futs figures and the OZ figures.

Reckon we may get a bit of hope this wk, but depends how much Asia and Europe buy it. This morning was a good example, US rallied hard, Asia threw it to the wall.

Tradism, Radge' stats were on what the SPI does following a gap up or down, not on how likely the SPI will rally followed on from US futs being up or down the night before.

 

[MS+Tradesim]

Gundini,

Is this kind of what you're after?

https://www.aussiestockforums.com/forums/showpost.php?p=382508&postcount=11

 

[MS+Tradesim]

Tradism, Radge' stats were on what the SPI does following a gap up or down, not on how likely the SPI will rally followed on from US futs being up or down the night before.

"The table below shows how the XAO reacts to an o/night move in the US. "
https://www.aussiestockforums.com/forums/showpost.php?p=382508&postcount=11

 

[sammy84]

Could be, but be it 2 weeks or 2 months, the result will be the same.

2 months of confidence could change this whole market around and get the ball rolling. In my opinion its a crisis of confidence that is changing this from a recession to a very very nasty recession. I'm not saying that things will be rosy then either.

Does anyone on this forum take the Dow Futures seriously as a guide?

Have you kept any data as to positive DOW Futures and the relation to a positive day on the ASX?

Is there any guide here?

Haven't been keeping data, but from memory I know since about late December the futures have been a pretty accurate portrayal of what the US is going to do and subsequently the ASX. If the volatility returns however, the futures will be useless again.

 

[MRC & Co]

"The table below shows how the XAO reacts to an o/night move in the US. "
https://www.aussiestockforums.com/forums/showpost.php?p=382508&postcount=11

Yes, but from the OP, it appears the question is, "if I go to bed now and the DOW futures are up, what is the likelihood the OZ market will move higher the following day". Depends what time you go to bed, and what time you record the OZ market the following day.

But you may be right Tradism.

 

[MrBurns]

2 months of confidence could change this whole market around and get the ball rolling. In my opinion its a crisis of confidence that is changing this from a recession to a very very nasty recession. I'm not saying that things will be rosy then either.

It's not confidence in my opinion, it's fundamentals, there's too much debt out there, too much borrowing took place on the expectation that prices of everything would just go up forever, well 10 years was about as long as that worked, now it's over.

Rates are down, petrol is cheap, and KRudd has given everyone a grand and still we're going backwards, no not confidence, the whole financial system has broken because it was built on BS.