Zoom out and see 2004/2005 break. 1.367 (along with the jul 1.603/dec 1.471 trendline and 50% fibo at 1.418) are the zones to watch should this thing decide to keep going long.

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Don't feed the trolls, pretty please.

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you call that good? S&P

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OMG check out USDJPY! that thing fell of the daily 50% fibo so hard it will get bruises all over the place.

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Can not resist but to quote myself. T bonds fell so much it made a thump.

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1H and 4H are much better to use, especially if you are a beginner. The small timeframes vary from broker to broker quite a bit. Oh and my opinion on the current Euro surge? Well, take this with a grain of salt: Only way US stocks can rise in the ...

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Now is a good time to short imo. TIC turned out crap and the run up could have been people buying the rumor.

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I think this proposal originated in the EU, our Finance Minister (I am from CZ and we have the EU presidency in first half of 2009) went there with a 100 bil USA, 100 bil EU proposal.

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H4 says long, but I am scared of S&P weekend selloff.

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You are more anti-business than Obama! Not like it is the banks fault they created trillions $ out of thin air and once they went poof, government kindly provided new (real) ones. Party magicians i tell ya.

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nom nom nom and USDJPY stuck under 98 so far...time to wave your shorts bye

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gbpusd on a run

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Ok bonus question for you guys: during which period was Madoff chairman of the NASDAQ ? I am usually able to google up pretty much anything but failed at this. No mention of the exact dates on wikipedia neither. Thanks ;P

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Took a short at R1 right before the budget news. Expected people to sell the news but not. Had to exit for +11. If this H4 really closes as good as it looks like, we may make it to the the .2888 range.

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I found the remark about "at least people in US have homes" amusing. People don't have homes, banks got a *load tho ^^ Stocks back in freefall mode => bearish.

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Did you hear the guy on Bloomberg talking about the stock rally? "As soon as the word about uptick rule being in place in a month or two broke, shorts were getting covered all over the place." This has nothing to do with risk aversion in general so ...

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"In a 21st century world where jobs can be shipped wherever there's an internet connection, where a child born in Dallas is competing with children in Delhi ... education is no longer just a pathway to opportunity and success, it is a prerequisite," ...

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May be the uptick rule talk.

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...you think down is the new up.

You Know You've Got It Bad When:

Happy Purim everyone.

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