Edited by atom9, 27 July 2012 - 01:37 PM.
Wow, another shock and awe from the CB. Wonder
Started by
atom9
, Jul 27 2012 01:37 PM
2 replies to this topic
#1
atom9
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Posted 27 July 2012 - 01:37 PM
If it steals a little bit of thunder from next week's Fed and ECB meeting. The ECB one should be the focal point now, as Draghi will be scrutinized for details after his brave words.
Was waiting for a pullback to 1340 area to get long again, oh well.
#2
ogm
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Posted 27 July 2012 - 01:42 PM
In any case I wouldn't short anything between now and the close.
They hopes are for the new LTRO, and I bet a lot of shorts are still trapped. Market is trading like it will never sell again.
Too much risk for shorts to hold into the weekend with possible LTRO.
Plus who knows, maybe Fed is planning something coordinated next week too. More "words" lol.
Better safe then sorry.
Edited by ogm, 27 July 2012 - 01:47 PM.
#3
atom9
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Posted 27 July 2012 - 01:46 PM
In any case I wouldn't short anything between now and the close.
They hopes are for the new LTRO, and I bet a lot of shorts are still trapped. Market is trading like it will never sell again.
Too much risk for shorts to hold into the weekend with possible LTRO.
Be happy, at least you made hay by catching part of the ramp up today
