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Monthly resistance above: NQ 2,256 another ~3.5% to go YM already hit resistance & retraced slightly ES 1,216.75 under 1% to go IMO markets will continue pushing towards NQ resistance, until that time pressure on USD to downside. Upon hitting all 3 resistance zones retracement will be...

Interesting situation arising where the government won't let JPY advance above an all time high & traders are unwilling to reverse long positions. Let's see what the COT looks like on Friday. Normally though if a level fails to be breached then an opposite one is tested for obvious reasons. So...

If people figured out why it is going up & not crashing down like some predict then Airway's strategy will make a lot of sense. In an inflation driven markets dip buying is the way to go.

Upto a trillion

Could you explain why do you think "U.S is heading toward the Japanese style deflationary"?

They can raise IRs whilst carrying on printing money to try and deflate prices & keep inflating economy.

"...The threat of Debt debt deleveraging deflation has INFLATIONARY consequences because the governments will not ALLOW for actual Price DEFLATION because it would INCREASE the real value of government debt therefore increases the risk of governments going bankrupt as the debt interest rises...

It's all based on personal belief Ammo, right? What is the purpose of QE assuming it won't work again to kick start growth in the US?

Divergence against the uptrend? Not in stocks, thank you very much. But if it was a divergence in line with the uptrend, then hell yes ;)

I assume you are going for a kill here, therefore what do you see that suggests to you any sort of similarity to 2008? Liquidity is not an issue any more as the FED won't stop QE process as there are large budget deficits. Deflation expectation is irrelevant as CPI keeps advancing rather than...

Government vs Speculators or how Unlimited beats Limited resources. (In Russian). <object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/zbZkfYY-LsM?fs=1&amp;hl=en_GB"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess"...

Every 2% dip is a gift & 10% dip is a lottery win. "...Whether QE2 works or does not work, does not matter, what matters is as I have pointed out several times over the past year that once QE starts it does not stop whilst large government budget deficits exist, therefore we are looking at a...

The Japan Investor: As we mentioned last week, the QE2 event has now been so hyped that it has probably become a "sell on the news" event, which causes a short-term rally in USD, a back-up in US treasury yields, and profit-taking in stocks (around 10%) as well as commodities and even gold...

Sore loser & totally pathetic.

USD Index. Large specs flipped to being net Long Dollar, open interest also picking up. <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=2996619>

I sense Geithner 'showed his hand' during last meeting with finance ministers, Japanese have calmed down a lot since that meeting, the sudden drop of promises to intervene suggests that Geithner possibly let them in on what the FED is about to announce next week regarding QE2, that may reflect...

Slight reduction of non-commercial Longs & increase in Shorts. ATH is very close now, pretty bearish Monthly close. <img src=http://snalaska.net/cot/current/charts/JY.png>

Let's see what the COT shows later today. Price is being pushed towards ATH (Yen) gunning for stops, either hands off or increase stop size.

Ok, I think most understand who the real bitch is around here.

Understood, TY! Technically I see it bouncing towards 90 zone as a likely event. In fact I would have even said 100 since it has been a support for so many years. But it is tough to rate that event taking place at present. Is it the bottom? Answer rests either in time or personal belief...