Dow 2008

[KillPhil08]

Im taking the ****

 

[KUTERO]

60 minutes

daily

I suppose 8575 was tested.

 

[KUTERO]

Wall Street's anxiety about Detroit automakers welled up in late trading Thursday, sending stocks sharply lower as investors questioned whether a bill to rescue the companies would pass the Senate.

 

[sujithsstorock]

i had rather say buy here for 50 ticks 8570 now with stoploss 8453 tgt 8650

now its 8600 book partial at 40 ticks n trail stoploss for rest ..

 

[Interceptor]

Evening all.
Anyone have any idea why the anxiety, re the car manufacturers, hit the DOW so bad so late?

 

[Pat494]

Evening all.
Anyone have any idea why the anxiety, re the car manufacturers, hit the DOW so bad so late?

This could have something to do with it

"A $14bn (£9.4bn) bail-out deal for the US car industry has failed to get Senate support, raising fears of job cuts and a possible industry collapse.

Bipartisan talks on the rescue plan collapsed over Republican demands that the United Auto Workers (UAW) union agree to swift wage cuts. "

Keeping in mind their next pay rise ??

 

[Atilla]

This could have something to do with it

"A $14bn (£9.4bn) bail-out deal for the US car industry has failed to get Senate support, raising fears of job cuts and a possible industry collapse.

Bipartisan talks on the rescue plan collapsed over Republican demands that the United Auto Workers (UAW) union agree to swift wage cuts. "

Keeping in mind their next pay rise ??

Like House sales car manufacturing is another big multiplier in terms of spin-off expenditure it generates. Input that goes into a car is approx 2000-3000 parts. Manufacturers of these parts are likely to be hit. Anyone who buys a car, purchases good many other products in the build up as one is cash rich.

Post car sales there is the travel expenditure in going out and maintenance and repairs to the many garages all accross the land.

Hence, the repurcussions of a turn down in housing and now motors signals a collosal shift in aggregate demand. This is like the demand index similar to the transport index for manufacturing health.

This is pretty big in its impact. No house no car... stay put, don't go out and eat your soup. Things can only get much worse. :whistling

 

[dilesh23]

new lows today? might have to wait till early next week...... its all going to depend on those aggresive buyers at 8100

 

[Pat494]

Like House sales car manufacturing is another big multiplier in terms of spin-off expenditure it generates. Input that goes into a car is approx 2000-3000 parts. Manufacturers of these parts are likely to be hit. Anyone who buys a car, purchases good many other products in the build up as one is cash rich.

Post car sales there is the travel expenditure in going out and maintenance and repairs to the many garages all accross the land.

Hence, the repurcussions of a turn down in housing and now motors signals a collosal shift in aggregate demand. This is like the demand index similar to the transport index for manufacturing health.

This is pretty big in its impact. No house no car... stay put, don't go out and eat your soup. Things can only get much worse. :whistling

Anyone old enough to remember the British auto industry collapse of the 70s ?
Looks much the same in the USA today-
1. Poor management for decades
2. Over-paying themselves
3.stroppy Unions
4. poor quality / price products
5.
etc etc

Remember all that taxpayers dosh the Labour party poured in ? And what was the end result ? More wasted millions !!

 

[ian]

Anyone old enough to remember the British auto industry collapse of the 70s ?
Looks much the same in the USA today-
1. Poor management for decades
2. Over-paying themselves
3.stroppy Unions
4. poor quality / price products
5.
etc etc

Remember all that taxpayers dosh the Labour party poured in ? And what was the end result ? More wasted millions !!

I once had an Austin Allegro with the 'square' steering wheel. It was a mustard colour - matched my tank top!

 

[KUTERO]

daily

I suppose 8575 was tested.

 

[KUTERO]

White House Considers Help for Car Makers- AP

Under mounting pressure to act, the Bush administration said Friday it was ready to step in and prevent the U.S. auto industry from collapsing after the Senate refused to pass a rescue bill endorsed by the White House and congressional Democrats. The most obvious source of help was the Wall Street bailout fund.


White House considers help for car makers - Yahoo! Finance

 

[trader_dante]

Another easy trade coming up. Sell the Dow (currently 8504) down to 8400 (possibly lower).

 

[dilesh23]

Another easy trade coming up. Sell the Dow (currently 8504) down to 8400 (possibly lower).[/QUOTE]

(hopefully alot lower) it is a full moon after all ......strange things happen in a full moon i really need to put these gann books down

 

[trader_dante]

Whoops, this has gone the wrong way. Entries back in at the 8500 area for the expected plunge.

lol

 

[dilesh23]

round two let hope i dont get beat up again td did u get in yesterday on usd/cad?

 

[KillPhil08]

Trading off the ftse, that was easy as pie

 

[chilltrader]

Whoops, this has gone the wrong way. Entries back in at the 8500 area for the expected plunge.

lol

)))))

 

[dilesh23]

what time is it pin time i think

 

[candles]

dante, give me some input on my journal. Im not asking you...im telling you!