Nikkei 225 BELOW !!! Dow Jones

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Old Oct 10, 2008, 4:04pm   #92
 
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DaxDestroyer started this thread Germany is working on a plan to prop up its major banks that could include taking government stakes and measures to guarantee banks' access to liquidity. WSJ

Global nationalization of banks ... hmmmm ...
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Old Oct 10, 2008, 4:09pm   #93
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YEPP ... and "only the good die young"???
Thank God good girls go to heaven, but bad girls can go anywhere
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Old Oct 10, 2008, 4:13pm   #94
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Germany is working on a plan to prop up its major banks that could include taking government stakes and measures to guarantee banks' access to liquidity. WSJ

Global nationalization of banks ... hmmmm ...
Really, really wonder how that is going to play out.

I mean the bankers obviously caused this mess and need some regulation, but a couple of bureacrats calling the shots ?

Hmm.

Not really clear yet to what extent they are going to run or not run things, rules being invented as we go along.

In the US the guy in charge of the 700 bill bailout is a 37 year old, right hand guy of Paulson.

I mean I'm sure he's a whizz kid and all, but wouldn't Buffett, who was also being touted, have been a better choice ?

A guy with not only intelligence but also far more important wisdom and good old common sense, who called out the tremendous dangers of derivatives gone wild years ago ?

Buffett On Derivatives: 'A Fool's Game' - Seeking Alpha

HE would have been a great signal for markets psychologically I believe.

Nothing succeeds like success, and he's certainly at the top of the pole isn't he.
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Old Oct 10, 2008, 4:16pm   #95
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Hope it's alright to post trades on this thread,

First ES trade of the day 4 x 7.25 = 29pts

Support becomes resistance, combined with trend channel, exit into congestion.

Cheers,
Joey
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Old Oct 10, 2008, 4:17pm   #96
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WELL done Joey !!!
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Old Oct 10, 2008, 4:24pm   #97
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WELL done Joey !!!
Thanks Markus!
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Old Oct 10, 2008, 7:05pm   #98
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Just sold the break of a support line / trend channel for 4 x 14.25 = 57pts.

Entry is at the high of the breaking candle.

People have been discussing these lines on the "Random Entry" thread (Normbeef and Paul71). Definitely worth a look.

Joey
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