Comments on: Big unwind ahead of long weekend http://www.forexlive.com/34634/all/big-unwind-ahead-of-long-weekend Tomorrow’s conventional wisdom today! Thu, 18 Mar 2010 08:20:43 -0400 http://wordpress.org/?v=2.8 hourly 1 By: Michael Miller http://www.forexlive.com/34634/all/big-unwind-ahead-of-long-weekend/comment-page-1#comment-7049 Michael Miller Fri, 03 Jul 2009 02:44:31 +0000 http://www.forexlive.com/?p=34634#comment-7049 No breaks for me. I'm crazy like that! No breaks for me. I’m crazy like that!

]]> By: lilac http://www.forexlive.com/34634/all/big-unwind-ahead-of-long-weekend/comment-page-1#comment-7039 lilac Thu, 02 Jul 2009 23:09:44 +0000 http://www.forexlive.com/?p=34634#comment-7039 A break today would've been a bit previous, Michael ;) Thanks, Sean, and g'night all. PS and I normally hate Mondays. A break today would’ve been a bit previous, Michael ;)
Thanks, Sean, and g’night all.

PS and I normally hate Mondays.

]]> By: Michael Miller http://www.forexlive.com/34634/all/big-unwind-ahead-of-long-weekend/comment-page-1#comment-7038 Michael Miller Thu, 02 Jul 2009 22:54:08 +0000 http://www.forexlive.com/?p=34634#comment-7038 I can't stay on this bearish course for long. That employment news was much better than taken. I'm looking to take profits soon, as I think the semi pop in US equities will happen until the 13th of this month when earnings start to come in and could continue on a bullish path if they're ok.. This same ole' pattern has been going for months, so why would it change all of a sudden? Drops and pops/pops and drops have been the theme and I don't think it will change until something much more scary comes in fundamentally, which i'm nearly 100% sure it will. What it is? Who knows, but this isn't it. Whether it's this quarter's earnings, the next quarter's earnings, poor retail sales, etc., there's no way in hell this is it. I can’t stay on this bearish course for long. That employment news was much better than taken. I’m looking to take profits soon, as I think the semi pop in US equities will happen until the 13th of this month when earnings start to come in and could continue on a bullish path if they’re ok.. This same ole’ pattern has been going for months, so why would it change all of a sudden? Drops and pops/pops and drops have been the theme and I don’t think it will change until something much more scary comes in fundamentally, which i’m nearly 100% sure it will. What it is? Who knows, but this isn’t it. Whether it’s this quarter’s earnings, the next quarter’s earnings, poor retail sales, etc., there’s no way in hell this is it.

]]> By: Sean Lee http://www.forexlive.com/34634/all/big-unwind-ahead-of-long-weekend/comment-page-1#comment-7035 Sean Lee Thu, 02 Jul 2009 22:37:19 +0000 http://www.forexlive.com/?p=34634#comment-7035 Cheers Lilac, will have a look right now and keep a close eye on it. Sweet dreams. Cheers Lilac, will have a look right now and keep a close eye on it. Sweet dreams.

]]> By: lilac http://www.forexlive.com/34634/all/big-unwind-ahead-of-long-weekend/comment-page-1#comment-7034 lilac Thu, 02 Jul 2009 22:33:28 +0000 http://www.forexlive.com/?p=34634#comment-7034 Well, I did ask yesterday what anyone thought about a possible H&S on the deejay. I'd already drawn the lines straight away after yesterday's high - similarly with the s 'n p. Just come to shut down and noticed that the Dow's bounced a tidge off the 'neckline' at 8256 - and err, so did the SPX . If they do both break, then I guess we're looking at what, about 824 and 7700ish? Like I said, I'm rubbish with this outlandish stuff. But keep an eye on it for us please, nightwatchman ;) Well, I did ask yesterday what anyone thought about a possible H&S on the deejay. I’d already drawn the lines straight away after yesterday’s high – similarly with the s ‘n p.
Just come to shut down and noticed that the Dow’s bounced a tidge off the ‘neckline’ at 8256 – and err, so did the SPX .

If they do both break, then I guess we’re looking at what, about 824 and 7700ish?
Like I said, I’m rubbish with this outlandish stuff.

But keep an eye on it for us please, nightwatchman ;)

]]> By: Sean Lee http://www.forexlive.com/34634/all/big-unwind-ahead-of-long-weekend/comment-page-1#comment-7029 Sean Lee Thu, 02 Jul 2009 21:40:59 +0000 http://www.forexlive.com/?p=34634#comment-7029 Yeah, looks like I got that very wrong. Fear is back and we might see some more serious stop-loss selling. I don't like the AUD/USD above .80 Burt as I feel it's overbought and needs to retrace back into the mid 70's before it can go higher. I'd personally look to square up and reassess on any rallies back to .80. Yeah, looks like I got that very wrong. Fear is back and we might see some more serious stop-loss selling.
I don’t like the AUD/USD above .80 Burt as I feel it’s overbought and needs to retrace back into the mid 70’s before it can go higher. I’d personally look to square up and reassess on any rallies back to .80.

]]> By: Burt http://www.forexlive.com/34634/all/big-unwind-ahead-of-long-weekend/comment-page-1#comment-7028 Burt Thu, 02 Jul 2009 21:26:39 +0000 http://www.forexlive.com/?p=34634#comment-7028 Hi Sean looks like it selling off again, whats up with the Aud / Usd ? I have a long & about ready to jump ship Hi Sean
looks like it selling off again, whats up with the Aud / Usd ? I have a long & about ready to jump ship

]]> By: ISCA http://www.forexlive.com/34634/all/big-unwind-ahead-of-long-weekend/comment-page-1#comment-7027 ISCA Thu, 02 Jul 2009 21:25:06 +0000 http://www.forexlive.com/?p=34634#comment-7027 I would doubt your "consolidative" view. US stocks closed on their lows and fear will run through the Friday markets. I would expect AUD, GBP, CAD and even EUR to suffer and USD and JPY to shine. I would doubt your “consolidative” view. US stocks closed on their lows and fear will run through the Friday markets. I would expect AUD, GBP, CAD and even EUR to suffer and USD and JPY to shine.

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