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post #130821 of 136697
11/27/11 at 7:16pm
Quote:
Originally Posted by Rhythmdoctor View Post



No doubtlaughing.gif

 


 

Are you going to wait it out until Tuesday for confirmation or sell on any dip Monday? Friday morning was short covering in many people's opinions as Friday afternoon soon confirmed.

 

Of course the world hadn't been saved yet based on this weekend's headlines. wink.gif

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post #130822 of 136697
11/27/11 at 7:23pm
This whole week will be solid green
post #130823 of 136697
11/27/11 at 7:25pm
Quote:
Originally Posted by ze20001984 View Post

This whole week will be solid green

a lil overzealous IMO lol
post #130824 of 136697
11/27/11 at 7:26pm
australia japan and korea all up 1.3 - 2% to start
post #130825 of 136697
11/27/11 at 7:29pm


I'm holding this short for now and we'll see how it plays out tomorrow and Tuesday.  I still think we have a massively red week this week.
 

Quote:
Originally Posted by Money Game View Post


 

Are you going to wait it out until Tuesday for confirmation or sell on any dip Monday? Friday morning was short covering in many people's opinions as Friday afternoon soon confirmed.

 

Of course the world hadn't been saved yet based on this weekend's headlines. wink.gif



 

post #130826 of 136697
11/27/11 at 7:32pm
Quote:
Originally Posted by kevin1612 View Post


a lil overzealous IMO lol


Not necessarily, if we close tomorrow at this level it will present the opportunity to push this quite a bit higher. Santa may be coming to town? Sure, everyone knows it's all window dressing for the EOY, but nobody really cares if they are on the right side of the trade.

post #130827 of 136697
11/27/11 at 7:54pm
Quote:
Originally Posted by Money Game View Post



Not necessarily, if we close tomorrow at this level it will present the opportunity to push this quite a bit higher. Santa may be coming to town? Sure, everyone knows it's all window dressing for the EOY, but nobody really cares if they are on the right side of the trade.

but highly unlikely for the whle week to be solid green...just cant see it ...not even sure tomorrow can hold it all...maybe most but i think you'll see the highs early on mon...then even the highs of the week sometime tues...
post #130828 of 136697
11/27/11 at 7:55pm
cant see us going more than a day or 2 without some neg market deflating news quite yet rolleyes.gif
post #130829 of 136697
11/27/11 at 8:04pm
Quote:

Originally Posted by JoeBloggs719 View Post

 

Sunday, November 27, 2011

IMF and ECB to offer Italy a 600 billion euro bailout (sources)

 

The question is not who or where will they find 600 Billion Euro's, it's who is ultimately going to be responsible for the debt? If people are saying Italy is the next Greece, who is the next Italy?

 

The market usually doesn't go up or down in a straight line. It's time to shake out the shorts again,  I'll give this about 50 points if that much before we head back down.

post #130830 of 136697
11/27/11 at 8:06pm
Quote:
Originally Posted by kevin1612 View Post

cant see us going more than a day or 2 without some neg market deflating news quite yet rolleyes.gif


I agree. Why would this week be any different? Plus, you know what happens whenever we can predict the following days.

post #130831 of 136697
11/27/11 at 8:08pm
Quote:
Originally Posted by Money Game View Post


The question is not who or where will they find 600 Billion Euro's, it's who is ultimately going to be responsible for the debt? If people are saying Italy is the next Greece, who is the next Italy?

The market usually doesn't go up or down in a straight line. It's time to shake out the shorts again,  I'll give this about 50 points if that much before we head back down.

germany and france rt?they are the ones talking like saviors rolleyes.gif
post #130832 of 136697
11/27/11 at 8:09pm

the eurozone tax payers will pay for it.

post #130833 of 136697
11/27/11 at 8:14pm
Quote:
Originally Posted by BlackThought View Post

the eurozone tax payers will pay for it.

and us...U.S. fed to the rescue? rolleyes.gif
post #130834 of 136697
11/27/11 at 8:19pm


 

Quote:
Originally Posted by kevin1612 View Post


and us...U.S. fed to the rescue? rolleyes.gif


US needs a weak dollar, so printing US $ and buying Euro is the answer. The IMF is the US proxy to accomplish it.

 

Of course there are many votes from many IMF countries that are still needed for this to be accomplished, buy hey!, they need their bonuses.

 

They can bounce the cat 9 times, but the fact is, it's still dead. laughing.gif


Edited by Money Game - 11/27/11 at 8:34pm
post #130835 of 136697
11/27/11 at 8:32pm
Quote:
Originally Posted by ze20001984 View Post

The IMF could bail out Italy with up to 600 billion ($794 billion), an Italian newspaper reported on Sunday, as Prime Minister Mario Monti came under pressure to speed up anti-crisis measures.


The part that gets me is that these bailouts only further guarantee crisis, it is too bad the media will simply regurgitate the news as instructed and most will hail their leaders for bringing salvation, when in the end most of us know they are just dooming their zone to a fate much like the course the US is 3 yrs further into. It would be funny if it wasn't so damaging.
post #130836 of 136697
11/27/11 at 8:33pm
So far ES lows tonight are holding above Friday's highs, set in the first hour, outside of some trading in the first ten minutes. Levels worth watching overnight for sure, for signs of further strength, or indecision beyond the pricing in that has already occurred.
post #130837 of 136697
11/27/11 at 8:37pm
Quote:
Originally Posted by rando View Post

So far ES lows tonight are holding above Friday's highs, set in the first hour, outside of some trading in the first ten minutes. Levels worth watching overnight for sure, for signs of further strength, or indecision beyond the pricing in that has already occurred.


/ES up 2.27% and climbing.

post #130838 of 136697
11/27/11 at 8:40pm
Quote:
Originally Posted by rando View Post

The part that gets me is that these bailouts only further guarantee crisis, it is too bad the media will simply regurgitate the news as instructed and most will hail their leaders for bringing salvation, when in the end most of us know they are just dooming their zone to a fate much like the course the US is 3 yrs further into. It would be funny if it wasn't so damaging.

indeed...nice to hear some realism now and then thumbup.gif
post #130839 of 136697
11/27/11 at 8:46pm

We likely found a range here for overnight trading on the /ES between the 50% and 61.8% fib levels from the Oct lows to highs for now.  Curious to see if we breach these levels at the NYSE open via short covering.  

post #130840 of 136697
11/27/11 at 8:49pm

The "source" contacted an Italian newspaper? Has anyone seen it being reported on the WSJ, NYT or FT yet?

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