Forum > View Topic (Article)
by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
View Article
This thread was started in response to the Article:

VIX, Oil, BRICS & Sterling's Sell-Appeal

BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
 
1...141516171819202122232425262728...86
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 11, 2009 15:40
raj, Dow is at its highest level relative to S&P500 in 7 months. I spoke many times about 50% retracement of S&P500 being at 1100. The Dow's 50% retrcmt is at 10348. so look for a close above that for confirmation. Also look for weekly close above 10107--100 week MA for confirmation.

Ashraf
14raj
Kolkata, India
Posts: 210
15 years ago
Nov 11, 2009 15:00
Ashraf,
Today I initiate my new short in DOW future at 10260.Previously my SP fut stop triggered at1098. In this short I ready to see 200 points more in upside but i spot the target at around 9840 minimum. Can I have your suggetion please. I know in near term you are bearish in stock market but I am asking it again coz market already in a new year high. I also short CAC future first time in my life at 3810.
Regards,
Rajib.
speculator
Posted Anonymously
15 years ago
Nov 8, 2009 2:41
the problem with contrarianism is that it cant help much in short term trading but can give you an idea of future movements and turning points but not much help with the timing.

i definitely am a believer of it as it seems to work well in markets. i mean who was bullish on stocks early 2009? the markets seem to catch people by surprise quite often. its all about converting bulls from bears and vis a vis etc its a cycle. once overly bullish/bearish the market becomes saturated with bears/bulls, the momentum runs out of steam and investors start to think twice...bingo a reversal comes about. nothing ever goes in a straight line as we all know.

one thing we do know is that interest rates will be going up around the world and stimuluse will be lifted. this would negatively impact stocks and benefit the dollar as the carry trade rapidly unwinds.



Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 7, 2009 19:08
spec, sure, if you're strong believer of contrarianism

Ashraf
speculator
Posted Anonymously
15 years ago
Nov 6, 2009 21:15
ashraf just saw the rankings well done.

based on average forecasts over next 12 months dollar index seems to have already formed a bottom at 75ish ?

but based on forecasts being not dollar optimistic as a whole, it could lead to a greater run for the dollar.
mo
liverpool, UK
Posts: 123
15 years ago
Nov 6, 2009 14:26
GBP/USD dollar gains 150 pips in better than expected news announcement and fall 30 pips in worse than expected news announcement.
That tells you every thing about the market sentiment towards the USD.
mo
liverpool, UK
Posts: 123
15 years ago
Nov 5, 2009 14:15
Abood it is Hard to use technical analysis in time of news announcement
daily chart shows that the pair is in range market.

4 hours chart
Resistance 135.60 136 138.5
Support 132.7 131.50
Abood26
Damascus, Syria
Posted Anonymously
15 years ago
Nov 5, 2009 13:51
hello all who have a good technical on eur/yen for now thanks
mo
liverpool, UK
Posts: 123
15 years ago
Nov 5, 2009 13:18
Speculator, Xaron, what is your end of year forecast for the GBP/USD?
speculator
Posted Anonymously
15 years ago
Nov 5, 2009 13:00
pound is certainly not undervalued. it is overvalue based on PPP and you could argue that pre 2009 levels were overvalued.
Report Reply
1...141516171819202122232425262728...86