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- This topic has 196 replies, 15 voices, and was last updated 10 years, 6 months ago by
cimac.
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January 28, 2014 at 23:27 #3871
I was trying to figure that too, perhaps (I don’t k kw as I don’t watch currencies) it makes dollar stronger ? Or it means less chance of it heir financial system collapsing (in the short term) or maybe its juts something as smoke as WTF and all bids and offers get pulled and the first one hit is an offer 10 s&p point higher, lol
January 28, 2014 at 23:29 #3872Painting it as restoring confidence in the system…lol. Wait Til the market tests that confidence, which it will.
Paps…. Greenspan was a rate CUT on Jan 3rd 2001. I remember it very well as I was very short. Dow surged hundreds of points (600 I think). Thankfully it reversed most of it in next day or two lol….
January 28, 2014 at 23:31 #3873Short term shot in the arm Ark, but long term it’s looking SCARY 😮
January 28, 2014 at 23:34 #3874Yikes….I remember days like that, when I open a position now I always think what would happen if it suddenly went against me 500/50 points, think I’ve only seen it once in the last year, was it late last December (2012) globex overnight when they didn’t approve some package and the s&p dropped 50, but it think it recovered most of it by RTH.
January 28, 2014 at 23:43 #3875Dan, yes you’re right it was a rate cut.
January 28, 2014 at 23:43 #3876Yes I feel they manipulated things so we get less of all that, but who knows. Paps says there are no crooks :p
Ark….do you have the msn chat still of when plane hit twin towers? That was one mad conversation.
Anyhow, I am polloxed. Off to bed. Good night all!
January 29, 2014 at 08:26 #3879Ftse being cranked up as is Dax inline with US surge.
Ben’s last FMOC tonight and with duff data and stocks
falling, maybe bets are no $10bn taper this month.I don’t trade Fed days until we get the news and so
it’s no trades open, relaxing day for me.Never give up, never surrender.
January 29, 2014 at 08:36 #3880Spot on Cimac, we are on the same script.
What a total “confusion” close. Ie, its closed near resistance. So its a big move tomorrow imo, which ties in with FED. KTB triggers.
That was the last post yesterday. Then came the news just after close with the Turkish Interest rates. How crooked is that!
I am tempted to short but ahead of the FED, I feel its a total gamble.
FTSE/DAX/IBEX strong as it stands.
Plan your trade, trade your plan!
January 29, 2014 at 09:27 #3884Right on ‘K’.
Look at the swings the Ftse has taken since tuesday close
and we still have many hours before the FMOC news.Never give up, never surrender.
January 29, 2014 at 11:25 #3885Doctor told the Ftse your sick get back into bed. 🙂
Never give up, never surrender.
January 29, 2014 at 12:53 #3887So it was a turkey spike after all…. Viva the kebab, flat again 🙂
January 29, 2014 at 13:24 #3888Market swings both ways and takes out bull and bear
stops by the looks of it. Bit of a turkey shoot.Never give up, never surrender.
January 29, 2014 at 13:38 #3889So…that worked out well then eh? LOL… Too many of those emergency measures just don’t work..don’t they ever learn from the Japan experience? I wonder how the mood of the Turkish locals will be if those higher interest rates start to filter down and affect their lives?
Attachments:
You must be logged in to view attached files.January 29, 2014 at 13:51 #3894Yep, in the real world there is no recovery in sight.
Goodbye Ben you will be tainted as Greenie was / is.
Never give up, never surrender.
January 29, 2014 at 14:33 #3900flat now…closed remaining FTSE shorts
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