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Trader Neal replied Jun 30, 2008I was thinking about longing the sucker after it firmed up but it still looks somewhat bearish so I'm waiting to see. It would be too hard to call just now but I got my trigger ready.
Malaysia
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Trader Neal replied Jun 30, 2008200+ move if shorted uk/yn.. i think it might reverse (short term) here but hard to say. i'm sure there's some profit taking.
Malaysia
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Trader Neal replied Jun 30, 2008Daily Fx seems to think GBP is stronger than USD and will surpass 2.0.. I haven't been watching the pair but if so would seem that for the moment perhaps uk is stronger than us. Stock market will be interesting to see if bear continues to swat down ...
Malaysia
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Trader Neal replied Jun 30, 2008Sad, Scary, nothing we can do, and absolutely true. That's what happens when corrupt people are in power. Some people can't understand that these conditions won't just go away.
Malaysia
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Trader Neal replied Jun 30, 2008with current developments that might be awhile. FOMC not looking like they will raise rates unless their bluffing. Bernanke has been full of surprises and I wouldn't put it past him to go against the grain.
Malaysia
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Trader Neal replied Jun 30, 2008Interesting.. I think it will keep going up but to what extent I don't know or what the effect will be. Ouch and those are weekly charts..
Malaysia
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Trader Neal replied Jun 30, 2008Stan Meyer invented a car that ran on water and they killed him. I think they lost the plans but supposable they have cars that use HHO and you can by the kits. It's a hybrid. Not sure if it works but the concept is to use electrolysis to convert ...
Malaysia
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Trader Neal replied Jun 30, 2008That's true. Gold is a good investment in that sense but I'm just saying that if commodities do run up higher oil will outperform gold. I heard some seemingly outragious estimates on the future price of gold and if true both oil and gold has a long ...
Malaysia
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Trader Neal replied Jun 30, 2008I haven't seen a chart myself but I heard there is a bearish head and shoulders on us markets.. i think it's dow and s&p.. pattern shows up in 2 indices on a 1day chart.. From what I've read Oil is stronger than Gold. looking at a chart of oil it ...
Malaysia
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Trader Neal replied Jun 29, 2008Thanks eneloop.. That's a nice trend on gold for the moment but farther back appears rangebound. Perhaps it will break higher or stay in a range.
Malaysia
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Trader Neal replied Jun 29, 2008Not if Iran try to shut down the straights that would take 2/5th of the oil off line. Oil would go ballistic. I think oil is a tough call. many think it will continue in it's uptrend (which is a strong uptrend) while others feel it can not sustain ...
Malaysia
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Trader Neal replied Jun 29, 2008Incite.. My best trade was a long last week for 50+ pips. Sadly I sold when I new not to and sure enough the GBP/JPY went up much more. I would have been up at least 200 pips if I rode the trend. Only thing was the market seemed nervous so I jumped ...
Malaysia