macbonzo
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karmit said:
Do you reckon Rita will be that bad? It is only a category 2 hurricane - Katrina was a category 5. My feeling is that is an excuse for CNN to use the word "dramatic" 100 times an hour. Unless it knocks out more rigs over the Gulf, I think its aftermath might be relatively light.
macbonzo said:
do you think the markets care about category 2 or 4 or 10?
all it needs at the moment is an excuse to sell...
P.S: on a different note - I hope the media stops feeding on these things.. especially the US media... BBC is a saint as compared to the hellraisers other side of the pond..
dc2000
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yall want to know whats happenin check out posts before the action http://www.tacticaltrader.com/forum/read-topic/10/Dow-and-SP-Trading-19-25-September?page=1
mickandpete
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As a tropical storm/hurricane enters the Gulf the sea temperatures increase to about 30c (at the time of Katrina) the storm gathers moisture and energy at an increasing rate picking up intensity.Katrina was upgraded gradually as it crossed the Gulf.The forecasts are for Rita to reach category 3 but so it was for Katrina,macbonzo said:
http://www.nhc.noaa.gov/refresh/graphics_at3+shtml/032506.shtml?prob
mickandpete
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The threat from RITA is not so much to the rigs in the Gulf (although a factor) but to the refineries in Texasmacbonzo said:
Oil is not a problem Gas/Heating Oil are
At this time of tear the refineries are gearing up to refine Heating Oil
rav700
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I don think there is much room for up-market movement at this stage...
As I have mentioned in my previous posts dow is on the fall and I am looking for it to go to the 10200 level as a minimum.......
Alll My Technical analysis is showing the same....
I would like the market to retrace up one more time before it falls.....but I think that is not possible anymore
I will be shorting the market 3rd day in a row around the 10540 region or 10465 tommorow one of the 2...Lets see.......
As I have mentioned in my previous posts dow is on the fall and I am looking for it to go to the 10200 level as a minimum.......
Alll My Technical analysis is showing the same....
I would like the market to retrace up one more time before it falls.....but I think that is not possible anymore
I will be shorting the market 3rd day in a row around the 10540 region or 10465 tommorow one of the 2...Lets see.......
frugi
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Channels and ting
Well we got that H&S target, although it chose the "second" neckline to test. Burned a few more shorts on the way no doubt.
State of play now, below. No idea how she'll swing this one, as ever, but the Dow and Spoo have at least completed some nice measured patterns, the Spoo especially. Comp has dropped below a significant TL, but is close enough to climb back above tomorrow, or at least creep up on the underside (internal TL). Or we just drop to the channel support. The Spoo may provide the clue here as it has completed the prettiest pattern and is sat at the bottom of a channel traverse.
Big volume climax today on the YM ... 25k contracts on a 30 min bar is a lot, relative the the last few months at least. Capitulation or confirmation? Hmm...
After Fed day often bounces as the Fed "makes good" Ali G's decision. Open gap at 680 to bear in mind too.
Well we got that H&S target, although it chose the "second" neckline to test. Burned a few more shorts on the way no doubt.
State of play now, below. No idea how she'll swing this one, as ever, but the Dow and Spoo have at least completed some nice measured patterns, the Spoo especially. Comp has dropped below a significant TL, but is close enough to climb back above tomorrow, or at least creep up on the underside (internal TL). Or we just drop to the channel support. The Spoo may provide the clue here as it has completed the prettiest pattern and is sat at the bottom of a channel traverse.
Big volume climax today on the YM ... 25k contracts on a 30 min bar is a lot, relative the the last few months at least. Capitulation or confirmation? Hmm...
After Fed day often bounces as the Fed "makes good" Ali G's decision. Open gap at 680 to bear in mind too.
Attachments
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roguetrader
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Racer
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From recent foreign purchasers of US assets...
Japan increased their purchases of US treasuries marginally while China, OPEC and Carribean hedge funds were net sellers. UK and Eurozone demand accounted for most of the increases in purchases, which was the largest since July. The data was strong all around, with large purchases of treasuries, agencies, corporate bonds as well as stocks.
(my highlight)
Japan increased their purchases of US treasuries marginally while China, OPEC and Carribean hedge funds were net sellers. UK and Eurozone demand accounted for most of the increases in purchases, which was the largest since July. The data was strong all around, with large purchases of treasuries, agencies, corporate bonds as well as stocks.
(my highlight)
Racer
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roguetrader said:
a quote from there..
'The rampage caused by Katrina - rated a Category 5 hurricane -- shut down 95% of U.S. crude production, and about 837,000 barrels, or 55% of the region's offshore oil output, is still shut three weeks after what will likely go down as the costliest storm in U.S. history.'
Oil figures out this afternoon too
