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Spsantos replied Feb 20, 2009Interesting, markets going down, but dollar not going up, risk aversion role not being taken, for now at least.
Something as changed...EURUSD
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Spsantos replied Feb 20, 2009Be carefull, Friday, market closes in 4 hours, i wouldn't risk leaving a position in the red during this weekend.
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Spsantos replied Feb 20, 2009It's at the 61.8% fib, there are also those who left the ride to take profit (scalpers mostly) <- This is very common. Now there's low to none volume, I guess it's lunch time in the US now
Let's wait, this doesn't necessarely move like a train ...EURUSD
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Spsantos replied Feb 20, 2009I don't believe in only profit taking, it was a major buy... Maybe if someone has access to volumes can shed some light there
On another note: People, please drop the "Dollar will be 0" attitude, it's always the same story; if the dollar goes up, ...EURUSD
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Spsantos replied Feb 20, 2009Not in this case, risk aversion is when Dow Jones index is down, dollar is UP. In this move dollar went down, but stocks remained the same.
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Spsantos replied Feb 20, 2009"There are rumours on the Euro side" about some possible deal, that maybe brought the Euro up. Rick Santelli on CNBC.
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Spsantos replied Feb 20, 2009Lately gold and dollar were directly correlated(usually is inverse correlation), now this broke that correlation, at least momentarly. Lets see now in the next few days if the dollar will still be so widely used has risk aversion. A lot of stops ...
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Spsantos replied Feb 20, 2009Those candles below there on the 1.26 looked so big a while ago, and now are so tiny...
Explanation for this move I really don't know, but there are some talks about Euro Bonds, nothing sure yet though.EURUSD
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Spsantos replied Feb 20, 2009NuckingFuts will be all over the place, he has been eagerly awaiting for this gap to close!


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Spsantos replied Feb 20, 2009You show the facts of the points you posted... I'll giev you just a number, Europes GDP in 2008 by the IMF: about 31% of worlds global economy output, USA GDP, by the same source is 23%. Now don't get me wrong, all the world is in a huge problem, ...
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Spsantos replied Feb 20, 2009Try this: url Be prepared, it really needs a lot of study initially to master, but it can be usefull in certain strategies.
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Spsantos replied Feb 20, 2009Market Internals update at 10:30amET - NYSE volume 505M shares, about 90% above its three-month average; decliners lead advancers by 3.2:1. - NASDAQ volume 5607M shares, about 33% above its three-month average; decliners lead advancers by 1.9:1. - ...
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Spsantos replied Feb 20, 2009Fundamentaly (well not really fundemantaly
) dollar will get stronger, since hopefully DJI now will start the freefall that will finally bottom the equities market. So risk aversion kicks in, dollar gets bought a lot as a safe haven... now i say ...EURUSD
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Spsantos replied Feb 19, 2009I was a smoker for about 20 years 2+ packs a day, more than 3 years ago i quit smoking(just decided too, no other help), and being solid in mindset help me a lot to overcome the "desire", indeed an experience that helped me improve my stability has ...
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