Some "change" can be implemented only through "crisis". Every indication and lack of transparency leads me to believe the next big change will only come about through a very big crisis. Anyhow....hanging out at the pivot with a decent target both below and above. "Up" day with DEMBOYZ$$$ providing the assist in the overnight and tomorrow?
may or may not be true http://blogs.wsj.com/eurocrisis/2013/02/13/g-20-has-little-chance-of-preventing-a-currency-war/
absolutely nothing. i agree with you 110%. unlimited printing does not work, Japan proved that. not sure why Bernanke thinks it will be diff for the US. deleveraging is a painful process. you can either peel it off slowly (alla Bernanke) or you can rip it off; either way it gets one to the same place, the wound is still. what u see in the media is all fluff, continued grind higher has very low volume. will we wake up one day from an unexpected geopolitical event where the mkt is down double digit %'s, nobody knows but it is possible. very strange that mkt is so calm with sequesters due to kick in within a few weeks. sure they may kick can down the road again.
What a day. Nailed 3 out of 4 big moves of the day. 3 trades - all winners. 1) First shorted around 1521, covered at 1515. 2) went long at 1515 covered at 1518 3) then waited......missed the short down wave 4) Finally, went long again at 1514.5 covered at 1517.5. Had lost money yesterday, today made twice yesterdays loss. Heading out. Good luck everyone.
each country is walking a fine line right now trying not to kick sand in the others face. i think it is funny how they claim let mkt forces dictate currency rates, not sure how they can say that with a straight face. once again media stunts where they try and deflect attention. reality, strong currencies hurt exports and any country that is dependent on them pay the price. i wonder why Russia is loading the boat on gold right now. http://www.bloomberg.com/news/2013-...ld-into-bullion-as-russia-out-buys-world.html
http://www.bloomberg.com/news/2013-02-14/u-s-stock-futures-drop-as-euro-area-recession-deepens.html euro recession deepens? how can that be, what a surprise.
got long at 1512 and bidding 1 more car at 1508. I think if we see 1505ish level, it will be a great level to go long for 15-20 pt.