AUDJPY (daily info)new high 0.8303
trend=up
high= 0.8303
rev= 0.8258; mid= 0.8281
The AUDJPY cross has gotten some legs beneath it. Risk is back in vogue. But remember that everyone can't leave the party at once.
EEM (daily info)-no change (above mid)
trend=up
low= 45.33
rev= 47.25; mid= 46.29
This is the second week EEM closed below its weekly 3LB mid. Weakness has set in. Let's see if the weekly 3LB makes a confirmation low (below 44.80) before calling for the demise of emerging markets. It's also below the 5/10-7/10 trendline. Patience young padawan.
EWZ (weekly info)new low 71.99
trend=down
low= 71.99
rev= 76.57; mid= 74.28
Brazil is showing even more weakness than EEM. It's trending down on the weekly 3LB. Last week it closed below its monthly 3LB mid. The SMA(55) has been acting as support for the last couple of weeks. If that fails then support becomes the SMA(89) and that needs to hold or welcome to Sept 2008 all over again.
215 comments:
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AmenRa
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February 8, 2011 at 4:16 PM
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Anonymous
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February 8, 2011 at 4:17 PM
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karen
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February 8, 2011 at 4:19 PM
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I-Man
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February 8, 2011 at 4:29 PM
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bob
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February 8, 2011 at 4:31 PM
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Anonymous
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February 8, 2011 at 4:32 PM
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I-Man
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February 8, 2011 at 4:34 PM
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A fixed income analyst to be named later
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February 8, 2011 at 4:43 PM
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I-Man
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February 8, 2011 at 4:49 PM
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I-Man
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February 8, 2011 at 4:49 PM
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I-Man
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February 8, 2011 at 4:50 PM
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I make $$$ everyday because
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February 8, 2011 at 4:53 PM
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George Bush III
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February 8, 2011 at 5:08 PM
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bob
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February 8, 2011 at 5:13 PM
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Anonymous
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February 8, 2011 at 6:28 PM
«Oldest ‹Older 201 – 215 of 215 Newer› Newest»I-Man
I'm more 3LB, fibonacci retracements, fibonacci moving averages type of trader. Rising/falling wedge I believe falls into the realm of EWT.
88.459 -0.811 (-0.91%)
http://quotes.ino.com/chart/?s=PACF_TLT
from the sounds of things, the Bond Complex traded into -# s, but, yea, verily..
ibid.
Is this post about Egypt?
http://wbmh.blogspot.com/2011/01/blog-post_27.html
Good to see some of those SAC cheaters go down. I'm sure there are plenty more where they came from.
Probably wont see any jail time, thats only for black kids slinging drugs, it seems.
FWIW
EURUSD is wound very tight. The comment about correlation breakdown seemed spot on. Was up all night trading it, it seems to make more sense to me when it is like this.
Also noted small rise on LIBOR of late.
EURUSD may start free fall move soon, but if past tops are any indication, it will not be a straight line down, lots of Volatility at the top, long shadows on all of the candles, 1h, 4h, daily and weekly.
The stop monster is still alive and well.
http://thedopeycowboy.com/members/?p=8312
....You hearing anything XYZ? This is trader talk for somebody else is asking me why the stock’s dislocated and I don’t have a fucking clue. It’s actually a very efficient means of gathering intelligence because since everybody likes to be the one with the answer – everyone who gets pinged usually pings at least two more more until the answer is found and the information gap has been filled.
[Every once in a while you get some doofus client who says, "Hey ask your guy why Microsoft is so weak today." and you hang up and realize that it's only down 6 cents and actually outperforming the rest of tech. In that instance just ignore the request and get back to surfing the web- the guys obviously an idiot.]..."
from a link @ TBP
ibid.
eurusd is a dead mon walkin...
So AFIA, let's look forward to better days... what's your upside target for TLT?
We think a 102 level is feasible for TLT. That would be the 2.50-2.75% range on the 10y. Unless of course we have a real economic recovery.
LOL.
Irish election coming up. Think it's a small economy that doesn't matter? Think again. Fianna Foil are going to be kicked in the ass and the new government is going to be Sweeney Todd for bondholders.
Haircutz, bitchez.
Where's Ben?
22, not Bernanke...
Or Roethlisberger.
I JBTFSPX
OBAMA URGES CONGRESS TO RENEW THE PATIOT ACT
(THEY VOTE 630 EST. TONIGHT)
Also on EURUSD, very close to the 200 week MA
AFIA,
Thanks for your thoughts on TLT! Remember... the sun will come up tomorrow, you can bet your bottom dollar.... no wait... apparently you already did that it?
Just visualize the $$$ you will make at 102!
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