Edited by redfoliage2, 12 April 2007 - 09:13 PM.
What's All this About?
Started by
redfoliage2
, Apr 12 2007 09:03 PM
3 replies to this topic
#1
redfoliage2
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Posted 12 April 2007 - 09:03 PM
BOE held the rate with an outlook of raising, so did BOJ. PPI and CPI will be out tomorrow and next week, which probably not going to be rate friendly. Earnings are slowing down. geez, I could not figure out what the market is celebrating. However, on my IB trading calendar, today is marked as an Expiration Day. For what? Futures?
#2
arbman
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Posted 12 April 2007 - 09:31 PM
Look at IYR, does it look like downtrending or it is just breaking out of the donwtrending line?!? It would know whether the rates are damaging better than any other indicator out there...
#3
redfoliage2
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Posted 12 April 2007 - 09:41 PM
kisa: It looks like a head-and-shoulders on the IYR daily. Just wondering how this pattern will be resolved. One needs to be on drug to believe it will resolve up.Look at IYR, does it look like downtrending or it is just breaking out of the donwtrending line?!? It would know whether the rates are damaging better than any other indicator out there...
Edited by redfoliage2, 12 April 2007 - 09:46 PM.
#4
arbman
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Posted 12 April 2007 - 10:23 PM
Exactly, but it stopped at the trendline and it bounces first...
or straight down to hell, but it seems like there are many qids played short for the April OPEX...
or straight down to hell, but it seems like there are many qids played short for the April OPEX...
