Payroll Turd Polishing

This is a discussion on Payroll Turd Polishing within the Economic & Fundamental Analysis forums, part of the Methods category; watch out for 1.7350 on cable.. if that goes, its confirmation of that bull flag i was talking about yesterday......

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Old Dec 2, 2005, 2:49pm   #106
 
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watch out for 1.7350 on cable..

if that goes, its confirmation of that bull flag i was talking about yesterday...
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Old Dec 2, 2005, 2:51pm   #107
 
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Yep. Good call FC. Getting very close now.

Make the break of the ascending triangle look like a fake out earlier now.

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Old Dec 2, 2005, 2:56pm   #108
 
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okey dokey, 1.7355 long for the forseeable future

stop at 1.7340, but might shift around depending on volatility..
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Old Dec 2, 2005, 3:03pm   #109
 
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US bonds/Stock futs/European stocks virtually unmoved.....

Cable/Euro taking off - might signal and end to the $'s recent strength....

Could be difficult for US indices to get upside traction today imho...

And there's some bl**dy great opening gaps from yesterday to fill....
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Old Dec 2, 2005, 3:07pm   #110
 
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pessimist
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Old Dec 2, 2005, 3:12pm   #111
 
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ok own up... why isnt my Dow moving like everyone elses...

bloody thing...
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Old Dec 2, 2005, 3:13pm   #112
 
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stopped out of cable for -15...

didnt last long... grr

will try again on a break of 1.7360...
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Old Dec 2, 2005, 3:16pm   #113
 
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Quote:
pessimist
Not necessarily - we saw a lot of whipsawing in October at the 'bottom' which was the accumulation phase - now we're the 'top', we'll likely see some whipsawing/consolidation during the 'distribution' phase.....

I suspect that the Dow will break 11000 in a few weeks, but I reckon the mm's will want to give the tree a good shake first....

Or even get a lumberjack in.....
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Old Dec 2, 2005, 3:23pm   #114
 
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Think we are going to get some stagnation on FX for a while.

Anyone know of any big option expiries today?

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Old Dec 2, 2005, 3:24pm   #115
 
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And of course, big Al likes shaking the $/Dow tree as well......

Quote:
Fed chief Alan Greenspan urged Congress to take steps to bring the federal budget deficit back into balance before it gets to be too late.

"In the end, the consequences for the U.S. economy of doing nothing could be severe," Greenspan warned in a speech prepared for delivery to the Federal Reserve Bank of Philadelphia's policy forum on the federal budget outlook Friday.
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Old Dec 2, 2005, 3:25pm   #116
 
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Well just look at that. I open my mouth and the market moves!!

I must have as much power as Greenspan.

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Old Dec 2, 2005, 3:26pm   #117
 
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Then again, maybe I am.......

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Old Dec 2, 2005, 3:32pm   #118
 
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lol..

think DC would be looking for a long at yesterdays balance point.. 10870 region...
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Old Dec 2, 2005, 4:15pm   #119
 
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I bet he's still holding from Wednesday

But he does have a rather shaky £/$ short
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Old Dec 2, 2005, 4:18pm   #120
 
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given up on the daily trades Dunc?
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