12118? what today? that would be a shocker.
long now 12865 march looking for 100 points early in the morning
Im trying a long here at 12700 (cash) - 50 pip stop
Whats the cash equivilent of that, DC?
Im trying a long here at 12700 (cash) - 50 pip stop
Im trying a long here at 12700 (cash) - 50 pip stop
Closing half here at 12740 for 40 pips profit. Letting the other half run with a stop at B/E
Hi guys,
This has got to be one of the worst piece of news for the markets and I wonder if anybody realises the implications.
U.S. November Trade Deficit Widens More Than Forecast (Update2)
What effectively this means is that despite the collosal dollar drop BoP is still widening. Reduced interest rates will only add to inflation and lower dollar. If lower dollar does not translate to higher exports but higher oil costs than where does the impetus for productivity and growth come from.
This is despite a strong global economy with rising purchasing power in India and China.
I think the gravity of the situation is likely to be devastating to good many.
Very bad news indeed. Sell the lot DOW, sell the dollar and buy gold. :whistling
Markets are very exciting .... I know some won't like me saying that but hey...
At 735 now we are 100 ish from thurs lows and 230ish from new swing lows...
the trend is down so those centuries look attractive.... However, we are 200ish from Thurs highs which I slapped since it was a big run up in 2d but more importantly ~25% of the move off the ath ...... didn't expect to get this low so quickly but I took it :clapposs prematurely who knows ?)
So wtf am I saying ....... the market must take out 930 to continue the advance... and from here if that happens that's luvly..... My "fear" is we see 632.........500 even since counter trends have not been sticking and thurs was only one day up.... and now look what's happened .... 200pt peel off...
I'm not really fearful it's just having taken profits on my short off 930 zone...... I'm sort of in no man's land..... may have to morph into a day trader temporarily to get back on side.............:cheesy:
Where can Volume data be had from {for the DOW}?
For the moment looking from something free/V.cheap
Thank You