DB - Big Time Arbitrage... what's up with that...?
Hammer stick on Monday?
Fib
Posted 27 September 2016 - 01:35 PM
DB - Big Time Arbitrage... what's up with that...?
Hammer stick on Monday?
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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Posted 27 September 2016 - 01:49 PM
Nope, probably more like gap down tomorrow to test that bogus low they put up at 11.23.
Posted 27 September 2016 - 01:57 PM
The operators being forced to buy a lot of stock here...
Backed off to 11.85 x 11.86
VOLUME PICKING UP...
Posted 27 September 2016 - 02:33 PM
Nope, probably more like gap down tomorrow to test that bogus low they put up at 11.23.
Just to clarify, that was NOT a Hammer Stick on Monday?
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
Posted 27 September 2016 - 02:55 PM
Nope, probably more like gap down tomorrow to test that bogus low they put up at 11.23.
Just to clarify, that was NOT a Hammer Stick on Monday?
Fib
Miscommunication...
I thought you were speculating about NEXT Monday...
Posted 28 September 2016 - 02:04 PM
DB - Big Time Arbitrage... what's up with that...?
3 min chart reveals 11.88 x 11.89 for the past half hour...
That ain't natural.
So now we know, they made a deal to sell their U.K. business and the boyz stepped in to stop the bleeding.
Bleeding is going to continue though, because now that they are selling stuff, their chances of capitalization through issuing additional paper are ZERO...
The lesson here, is don't forget what that looks like on a 3 min chart when they "lock up the bid and the ask" ... This is what happened to EUR/CHF just ahead of the Flash Crash.
On a stock, it's a relatively small event compared to arb-ing a currency. If you see that, run for the hills...
Posted 28 September 2016 - 08:10 PM
Buffett said he won't comment on the WFC debacle until November. I know it isn't TA ,but that's a decent clue IMO about where the market's going to go until November.
Edited by brucekeller, 28 September 2016 - 08:11 PM.