Bud Spencer: Absolutely irrelevant. What´s relevant is that unions will ask for wage increases in Feb/March of over 2%. And that´s finally excellent news for Japan. If people want to spend, they need some CASH. Purchasing power increase is ALWAYS WELCOME. The Japanese YEN wouldn´t like secondary inflation effects, though. - October 23rd, 2014 08:47:52 PM
Osceola__: Microsoft just reported great earnings. What's the ceiling for MSFT by end of the year? Amazon got crushed, do we see a contrarion play on the stock right now? Down about 25% on the year. - October 23rd, 2014 08:46:36 PM
Ryan Littlestone: When it's ranging Remo it's a great market to trade on the techs. - October 23rd, 2014 08:37:00 PM
Remo: Is there such a thing as a consistently profitable/successful oil trader? i'd love to know what their strategies are and what stops ,limits etc they use . - October 23rd, 2014 07:20:53 PM
ProTrader3: Oil,Oil everywhere;not a $ to be made - October 23rd, 2014 07:05:45 PM
david: Also if we get a consolidation over the next few days between 80 & 83, its a closing wedge to trade the break for me. - October 23rd, 2014 07:00:54 PM
alex: Oil bottom ? Hope not - October 23rd, 2014 06:53:29 PM
david: The differential was the market to play. My long is looking quite sweet thanks to your suggestion. The Saudi news has put more of a bid onto Brent than WTI. We might get more rhetoric from the other OPEC states as well to keep the price pumped. - October 23rd, 2014 06:53:06 PM
Oldman: Ebola is so old news but this is just the beginning of the bear USDJPY. More people already been infected we didnt know. incubating ebola as we speaks - October 23rd, 2014 07:58:37 PM
John Tanner: Ebola's got nothing on QE. When that ends, we'll see the real market scares... - October 23rd, 2014 07:54:23 PM
Shahani: Usd jpy is flirting with the 61.8 retracement level from the highs to the spike low @ 108.23....could be an interesting short if you think what we see here is the start of a bear market or a bigger correction...if not then i guess i should have bought the dip - October 23rd, 2014 07:51:14 PM
Ricardo: UJ (Monthly) breaking important multiyear trendline resistance alright. In my charts the trendline is at 108.56. Next target the multiyear Fibo 50% retracement. At 111.62 http://i59.tinypic.com/2yxhthz.jpg - October 23rd, 2014 06:32:58 PM
Michael Miller: That was the next level I referred to earlier and I have it at 109/109.10'ish. On MT4, which has a really accurate trend line method. Just sayin'....That's a big difference. - October 23rd, 2014 06:20:20 PM
Dan Brokaw: Hi Greg, Thanks for the great tech analysis. I've been following your posts recently and really like your methods of defining risk and the "if then" rule. Seams simple but very effective. I was wondering if there is a tool online somewhere that calculates the average daily trading ranges that I could use. I am currently using metatrader 4 and didn't know if there was one within that platform. I have noticed that you refer to the daily trading range quite frequently and that seems like a good thing to be aware of when trying to figure how far a pair can move from day to day. Any help would be greatly appreciated! Thanks! - October 23rd, 2014 05:40:17 PM
Luca B: Or he will just check if italian soccer's players are paying theyr taxes... Today the police seized 900.000 euros to Fabio Cannavaro because he didn't pay the taxes for the three boats he owns... There's no need to make a deal with the devil just to get some money... Read this: http://www.economist.com/blogs/schumpeter/2013/01/tax-evasion-italy - October 23rd, 2014 04:58:10 PM
Luca B: @Ricardo .... LOL... too many movies??? They will cut something somewhere and then someone will not have the money for a new Audi... The fact is that if the police arrest someone that has "dirty money"... all the money goes to the state... even the houses and the cars... It's easier to arrest them than make them give money to someone that can't guarantee any protection... Renzi is doing what we should have done years ago... He just gives less money to towns and regions so they don't waste money on futile stuff or steal moneys... If someone comes up saying "now we don't have money for our hospitals" someone will start looking into it... And they will start asking questions... Something like "why does a siringe cost ( for example) 50 cents in Milan and 2 euros in Trapani ????" - October 23rd, 2014 04:53:36 PM
alex: Why does he have to sweat and mourn to exercise the difficult (very difficult) task of cost cutting? Raise these goddamn taxes son, and please Schauble, and who cares if domestic demand collapses! Who needs demand after all! - October 23rd, 2014 04:48:59 PM
jerry: why not? he can beg from the mafia,they have trillions? - October 23rd, 2014 04:37:46 PM
Ricardo: I wonder who he is negotiating with to get the "cash" and maybe "clean" it via the Italian banks..... - October 23rd, 2014 04:37:35 PM
Luca B: well... it's not so hard... We're giving away "free money" to a lot of italians... He can start from here: http://www.telegraph.co.uk/news/worldnews/europe/italy/11176929/Italian-miner-avoids-work-for-35-years-before-retiring-aged-52.html?fb - October 23rd, 2014 04:31:58 PM
Greg Michalowski: @Thelma This is how's I see's em CLICK HERE - October 23rd, 2014 04:41:51 PM
Ryan Littlestone: I'm liking that confluence of the 100 & 55 dma's and 61.8 fib of the Sep/Oct hi/lo between 95.75 and 96.00 Thelma. Plenty of natural resistance there too. - October 23rd, 2014 04:00:25 PM
Thelma: Greg, how about a chart on the AUD/JPY? On a weekly basis, a "morning star" is forming at the bottom of a 6-month, 400-point range, upward channel. - October 23rd, 2014 03:52:11 PM
Ryan Littlestone: YOu picked a corker of a trade there Bud, nice one. - October 23rd, 2014 04:08:50 PM
Ryan Littlestone: I can't say I'm overly keen on that fib Dave as the last proper swing is from the Sep 9891 high. I was looking at 8900-9000 for a short but this move was too strong for me. There's resistance from here to 9090 on the back of old support. - October 23rd, 2014 04:08:17 PM
Bud Spencer: DAX will make new highs, soon - as will S&P 500. Dip buying strategies work since March 2009. Shouldn´t be different this time around. - October 23rd, 2014 03:59:45 PM
Dave: Hey Ryan Did you take any trades on the DAX? Think the H/S pattern is dead at this stage. 61.8% fib of the july jigh to recent low is at 9400 so maybe worth a short there:) - October 23rd, 2014 03:56:21 PM
Salvacatozzo: The decision to publish the letter was political and probably taken by Renzi and Padoan as it was posted on the website of Italy's Ministry of Finance: http://www.mef.gov.it/documenti-allegati/2014/Letter_Padoan_final.pdf - October 23rd, 2014 03:37:55 PM
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