Posted 27 January 2012 - 07:38 AM
Posted 27 January 2012 - 07:48 AM
Edited by zoropb, 27 January 2012 - 07:51 AM.
Posted 27 January 2012 - 08:45 AM
Posted 27 January 2012 - 08:51 AM
Edited by zoropb, 27 January 2012 - 08:53 AM.
Posted 27 January 2012 - 10:23 AM
Posted 27 January 2012 - 10:55 AM
Posted 27 January 2012 - 11:07 AM
Edited by zoropb, 27 January 2012 - 11:11 AM.
Posted 27 January 2012 - 11:14 AM
Posted 27 January 2012 - 11:27 AM
Z - any forecasts on the US peso?
I'm not interested in shorting this market until that shows signs of life again. I show an open gap around mid 78 and an uptrend line currently in the low 77's. PMO still hasn't turned back up and I'm thinking a few week correction down would be about perfect. Until then, let the market rip. I find it interesting that crude isn't really doing much even with the dollar weakness. Clue card?.....
NG is putting serious pressure on Crude and will be for this decade. We are on the switch over. Some of you may remember I said a couple years ago NG would go now where for a long time. With the margins they make even at $3 is fantastic so everyone is going to get into it extracting and for oil to compete in the future it needs to be around $25-35 a barrel depending on the centrals printing presses. So the pressure is on oil. only reason it was this high was the middle east stuff if not $85 if we lose $82 we are on a slow boat to sub $40.
Euro squeeze has a lot to do with buck dive. We had record shorts on Euro a few weeks ago. A 78.82 kiss would not be out of order and perhaps even a 200ema kiss. Got to work those Euro shorts off. It is getting OS for 3 months though.
Posted 27 January 2012 - 11:33 AM
"We don't need to stinkin' SPX."