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Poolman's Account Talk
- Thread starter poolman
- Start date
Buster
Well-known member
poolman
Top Return 2008
Warrenlm,
I do not know what the meaning is about "Great Wall of China".
I will try to do some DD on this sometime before tomorrow's open. Half day tomorrow by the way. If anyone knows what this meaning is Please Chime In. The Futures do not look good as of right now. Of course we know this can change overnight. We will see. I do not have a good feeling about the markets now though. But I have not been doing very good this year. I would be happy with + 8% if I can swing this. We will see.
Happy Thanksgiving to all members today.
http://www.youtube.com/watch?v=L2mKkLV6ZFw&feature=sub
KevinD
Well-known member
I saw that too but now they're back to -22. :blink:
poolman
Top Return 2008
That was Weird.
FUTURESTRADER
Active member
Greed is like Death, I guess. Neither, it appears, take a holiday.
fedgolfer
Well-known member
something about the Dubai news and the -2% on the futures in the eve of a shortened trading day on light volume smells fishy. What's the most crowded trade out there, gold? IAU and GLD have exploded in their breakouts of an inverted H&S on the 2 year chart. The distance from the neckline to the head has been fulfilled on the other side in the breakout... and India and emerging markets are buying with both fists... maybe the panic from Dubai, is what some large country or institution is doing to unload gold? Thoughts?
Also, i wonder if this was the hidden stink holding down financials this week?
Funny how the Bloomberg article sends a completely different message than the Reuters article...
http://www.bloomberg.com/apps/news?pid=20601103&sid=aklYbga4yU9E
http://in.reuters.com/article/businessNews/idINIndia-44250620091126
Also, i wonder if this was the hidden stink holding down financials this week?
Funny how the Bloomberg article sends a completely different message than the Reuters article...
http://www.bloomberg.com/apps/news?pid=20601103&sid=aklYbga4yU9E
http://in.reuters.com/article/businessNews/idINIndia-44250620091126
Last edited:
wv-girl
Member
The "Great Wall of China" is a trading range they have identified and confirmation is a propriatory(sp) formula they use in trying to make an educated guess about which way the market may trade. Not much help I know.
poolman
Top Return 2008
The "Great Wall of China" is a trading range they have identified and confirmation is a propriatory(sp) formula they use in trying to make an educated guess about which way the market may trade. Not much help I know.
Thanks for all your help wv-girl,
6:57 a.m. Dow Futures down 227, S&P futures down 30.10
http://www.youtube.com/watch?v=fudVDMAr_VI
fedgolfer
Well-known member
The "Great Wall of China" is a trading range they have identified and confirmation is a propriatory(sp) formula they use in trying to make an educated guess about which way the market may trade. Not much help I know.
Additionally, the Gr8 wall of china per inthemoneystocks is ~1101 are in the SPX. Since Nov 10th or so, SPX has been in a sideways trading channel. Inthemoneystocks is playing the upper resistance line of that flag at ~1111 and support at 1086'ish. He's waiting for a close on the daily on either side of those support/resistance levels to confirm a bearish/bullish breakout. Looks like today will tip heavily towards the bears, but watch for a close below. The attached pic is 15 min candlesticks, it's the close outside of that range that he's waiting for to change from range trading to taking a stand on intermediate term direction.
