Payroll Turd Polishing

This is a discussion on Payroll Turd Polishing within the Economic & Fundamental Analysis forums, part of the Methods category; comedy guess @ sub 100,000 for me... would prefer a higher number as im short cable at the mo......

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Old Feb 4, 2005, 1:16pm   #46
 
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comedy guess @ sub 100,000 for me...

would prefer a higher number as im short cable at the mo...
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Old Feb 4, 2005, 1:25pm   #47
 
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Put me down for 103K.
Fingers crossed.
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Old Feb 4, 2005, 1:29pm   #48
 
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Yes FC – it’s all part of the daily comedy that keeps us smiling and adds to the pocket money, I hope........

Fruigi Cornetto – The NFP number is always a double edged sword for the market which makes the reaction a tad unpredictable, but I’ve got hunch that it might want to test that 61.8% fib retrace of the recent 500 point downmove at 10680 ish

The other option is a consolidation between 615/540 ish…….

The other option is an all out tank to 400 to consider the implications of the big H&S..

Options…..options….

Regards, Tradesmarti Baloni
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Old Feb 4, 2005, 1:36pm   #49
 
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Sorry FC. Hope you closed your short.
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Old Feb 4, 2005, 1:37pm   #50
 
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sod this for a laugh.. trying repeatedly to break the 1.8920 region.

might add a small amount to a short here... (longer term view being taken)
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Old Feb 4, 2005, 1:38pm   #51
 
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dont worry g-man.. 200 pips stops are the way forward...

1.8908 was second entry price..
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Old Feb 4, 2005, 1:43pm   #52
 
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Looks like Fruigi gets the paper hat……..!...........

Positive news overall for the market imho – lets see if the market agrees......?.......

Quote:
The U.S. unemployment rate fell from 5.4 percent to 5.2 percent in January, the lowest since September 2001, the Labor Department reported Friday.
Nonfarm payrolls increased by 146,000 to a seasonally adjusted record of 132.573 million, as employment broke the February 2001 peak for the first time.
With the payroll increase and an upward revision to past data, job growth in President Bush's first term totalled 185,000, letting him avoid the stigma of being the first president since Herbert Hoover to preside over net job losses.
Economists were expecting payroll growth of about 189,000. The jobless rate was expected to remain at 5.4 percent.
Quote:
200 pips stops are the way forward...
FC - are you sure about this....?......
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Old Feb 4, 2005, 1:46pm   #53
 
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well done frugi..

mines a mint choc chip please...
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Old Feb 4, 2005, 1:48pm   #54
 
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Quote:
Originally Posted by tradesmart

FC - are you sure about this....?......

and dont call me surely..

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Old Feb 4, 2005, 1:48pm   #55
 
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Good call FC. Looks like a big rejection at 18920. Glad I took some profits.
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Last edited by G-Man; Feb 4, 2005 at 1:56pm.
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Old Feb 4, 2005, 1:50pm   #56
 
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come on 1.8808.... come on....


hhhhhhnnnnnnggggggg
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Old Feb 4, 2005, 1:52pm   #57
 
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wahey... +100 for the day...


beers and choc-ices are on me..
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Old Feb 4, 2005, 1:57pm   #58
 
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short again 1.8850...

approx 50% retrace..

small stakes again..
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Old Feb 4, 2005, 1:57pm   #59
 
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Well done FC. I'll have a mint chocy and a Bud. Any ideas where now?
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Old Feb 4, 2005, 2:02pm   #60
 
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yup, targetting 1.8800 again and im out..

stop is back up at 1.8900.


looks as though its building a base... getting concerned about this short..


ah balls...
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