2 replies to this topic

[SemiBizz]

http://bigcharts.mar...&mocktick=1.gif



See all that volume mid day that came in and on what fundamental news? Fed Gov Bies said Sub Prime deal is "far from over". But did volume create price movement to the upside? NO. It's as if the operators said: " you want a hedge against subprime eh? COME ON DOWN".... not only did they sell the news (notice it started to spike up and it was drowned by supply)... the operators continued to sell and fill anybody's bid all the way down today... hehehe. "You think you're buying a hedge?" anyway that is what it looked like was being said, from a technical point of view. My guess is that the other end of the Carry trade is long gold... We will know more on Monday.

[greenie]

Maybe some hedgehog fund went belly up. We will know soon.

[crestdorf]

Maybe some hedgehog fund went belly up. We will know soon.

Bonds down 30 ticks, oil down to $60, and weak gold. Perhaps I don't get this Yen cary trade dealio I keep hearing so much about. Seems to me these market reacted to NFP in pretty straight forward manner, though, I agree gold is the likely liar among them. In my experince bond mkt is the smart one of the group and biggest. It stated today the economy is truly slowing and its beginnning to the adjustment for a cut later in the year. Another clue, Semi's. The volume in shares and calls is pretty undeniable. These in my experience are the earliest to lead out of a slowdown. Showing signs of life is quite interesting.