STOP TRADING

Waiting for the verification of Greek deal with private creditors before making the bets. Yes, it's said to be hours away, but I've seen no reaction yet in the Euro. The impact may be temporary, but it could shoot through the roof or bring the market all the way back down. Let's see.

Edited by TechMan, 01 February 2012 - 12:23 PM.

Waiting for the verification of Greek deal with private creditors before making the bets.

Money flow in both the the FTSE and DAX have already discounted the likelihood of a resolution over the last two weeks...just following their lead.

Fib

Waiting for the verification of Greek deal with private creditors before making the bets. Yes, it's said to be hours away, but I've seen no reaction yet in the Euro. The impact may be temporary, but it could shoot through the roof or bring the market all the way back down.

Let's see.

There is a lot more after an initial verification to be agreed and/or implemented by law if necessary, for the poor devils who refuse to have the 'voluntary' but rather expensive haircut. February could have many ups and downs imho.

-tria
Athens

Waiting for the verification of Greek deal with private creditors before making the bets.

Money flow in both the the FTSE and DAX have already discounted the likelihood of a resolution over the last two weeks...just following their lead.

Fib

So, even though the Euro has almost no reaction at all, in your day trading account, you'd go long right now at SPX 1329 without waiting?

Waiting for the verification of Greek deal with private creditors before making the bets. Yes, it's said to be hours away, but I've seen no reaction yet in the Euro. The impact may be temporary, but it could shoot through the roof or bring the market all the way back down.

Let's see.

At best there will be some knee jerk reaction to the news. But mostly, it will be irrelevant.

Right now, we are trapped in a 1300-1333 range. It's a glass half full, half empty situation. That need to be resolved now. Until then it's a whipsaw zone.

Waiting for the verification of Greek deal with private creditors before making the bets. Yes, it's said to be hours away, but I've seen no reaction yet in the Euro. The impact may be temporary, but it could shoot through the roof or bring the market all the way back down.

Let's see.

At best there will be some knee jerk reaction to the news. But mostly, it will be irrelevant.

Right now, we are trapped in a 1300-1333 range. It's a glass half full, half empty situation. That need to be resolved now. Until then it's a whipsaw zone.

Well, temporary knee jerk reaction's all that I'm looking for right now as I've got my finger on the trigger.

=========


Now, the Euro's starting to slip... Hmmm....

There's no deal. Greece has to prepare new austerity measures as part of any bank debt swap deal. That hasn't been completed yet. This is just more of the fake news flow from Europe we've been getting for the last six months.

Edited by Data, 01 February 2012 - 01:12 PM.

So, even though the Euro has almost no reaction at all, in your day trading account, you'd go long right now at SPX 1329 without waiting?

Overall, I've been long since December 22nd, but on a day trading basis, yesterday's positive breadth moved me long in my "fun account" at 14:05 yesterday.

With liquidity levels as high as they are right now, even if Greece defaults, it should be absorbed quickly, and then back to business as usual.

It's all about the direction of capital...everything else is just a distraction.

Fib

So, even though the Euro has almost no reaction at all, in your day trading account, you'd go long right now at SPX 1329 without waiting?

Overall, I've been long since December 22nd, but on a day trading basis, yesterday's positive breadth moved me long in my "fun account" at 14:05 yesterday.

With liquidity levels as high as they are right now, even if Greece defaults, it should be absorbed quickly, and then back to business as usual.

It's all about the direction of capital...everything else is just a distraction.

Fib

Fib_1618 - It's an Yes or No question.

I'm talking about day trading for today, not yesterday or December.

I'm talking about day trading for today, not yesterday or December.

I'm long on a day trade from yesterday at 14:05.

Fib