Forum

Posts by "carlco"

193 Posts Total by "carlco":
150 Posts by member
Carlco
(bristol, United Kingdom)
43 Posts by Anonymous "carlco":
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 18, 2009 10:42
cougr, exactly my point that i can't see any technical or psychological barrier in the way after 950 is breached to goto 1000, this would be the best thing to happen as the sell off will be huge, when has a psychological level so stretched ever not been tested several times before a breach, just my thoughts...as always wishful thinking on my part more like it ;(
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 17, 2009 20:40
Ashraf that video i watched twice to get my head around it, 'ping raiders' skimming the pips, looking at the S&P chart knowing that summer volumes are low and sentiment is hung we often find a drift up in stocks, could this be a new TA indicator being born here, isn't this 'false liquidity' going to produce high volatility especially to longs caught short ? i admit i just don't know enough about this.
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 17, 2009 18:52
also, could this be another 'HEAD' is there such a thing? if not i want to capture the phrase now 'Siamese Twins'
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 17, 2009 18:47
That's a fascinating link ive recently started learning about dark pools, it's getting way too dirty out there!
ive been doing some more number crunching the pe ratio's are just too high for what these companies can deliver , the S&P looks to be forming a doji for the weekend to.
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 17, 2009 17:57
we're probably going to need more than Ashraf's hand to get this S&P to 1000
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 17, 2009 17:50
speculator-the S&P and cable this last 2 months have the whole world guessing, ill play this day by day hour by hour, minute by minute, the question i would ask is have we moved sideways far enough to touch back to less steep trend line. i did notice that the MA100 passed through the MA200 the other week and passed through MA252 2 days ago, but the big 1200 is just about to pop out the MA200. That would put the S&P above the MA for a long while, not too sure whether that would have a near term effect of dragging us back down.
I don't know with such volatile movements in the last 12 months how chronically the indicators have been skewed, i think we need a retest and what's more important 'EVERYBODY' wants a retest! what i did notice is the shine came off the GBPUSD today even though the S&P, DOW haven't really moved much, is that a small sign that things are just about to pop??? or is it just profit taking which again wouldn't indicate much confidence in a rally either. just my thoughts.
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 17, 2009 17:24
hey Ashraf, i take it im the 'some' and your being polite! i agree 950 is psychological but the reason i said 1000 is that there really arent any technical or psychological levels to act as a barrier, 'BUT' looking at the p/e forecast from S&P themselves and bashing on the calculator for an hour (im very slow) i couldn't really make a 1000 scenario fit much above a p/e ratio of 20! that is stretching things even if this is a V shaped recovery, i have to say we are going to have to see some real miracles from Euroland , australasia, which aren't there, i do believe we are in recovery, but the equity is all spent, so it doesn't really matter how cheap Japan or China makes their exports to us.
Carlco
UK
Posted Anonymously
15 years ago
Jul 16, 2009 19:04
this week we tested a lower low and is struggling to hold 930, now breached to 934, but we could rally to 1000, in the back of my mind is the fact that intel did ok, theres been a LOT of redundancies a new phenomenon workers accepting pay 'cuts', and unprofitable car manufacturers being beheaded by government, Lehmans could turn out to be the best thing to happen, ive read that M&A have been their busiest for a year, just a thought, but no one seems to wanting to short just yet
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 16, 2009 18:07
it is quite amusing how the whole internet is tlking about key resistance levels, but no one dare commit to anything just yet.
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 15, 2009 17:10
a hammer on monday that touched the trend line on GBPUSD and now we are above 164, but looking at it 165 seems a mile away at the current momentum, it could grind it out i suppose. VIX says volatility ahead and USDX signals short , this has to be close to a top right? its just everytime you think its over the trend line is touched and a rally ensues.