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New shorts come in as we move higher. The shorts that covered are the 15K or so contracts that went short in the 1035-1040 area.

1060 printed, just amazing, and the strength in NQ is even more impressive. Definitely a short squeeze. Locking in profit on half of remaining position @1717, 25% of original position remaining. 1.4760 also looks doable tomorrow.

Looks like we are getting some short capitulation now.

Agreed, these guys are in trouble unless they get some help in the form of new bailout programs which will likely not be forthcoming over the next couple of months at least.

I don't think it is by choice though or do you believe what Geithner's has been saying around the world? I thought that was just for foreign debt buyer's consumption. If this really is a beginning to the end of these special liquidity programs seems rather ill timed from a market perspective not...

Maybe but the implication that the Fed won't have as much flexibility as it previously had even for a 6 week period may make some nervous.

http://www.google.com/hostednews/ap/article/ALeqM5h1yFbpRakAxYLao_y6lSl6x0nOSAD9AODCR80 The debt ceiling and the battle Royal that it will engender could cause some waves.

http://www.ft.com/cms/s/0/17cd76b4-a23b-11de-9caa-00144feabdc0.html?nclick_check=1 I have been waiting to take the plunge and buy a house but have been waiting for better prices and better rates, with this proposal I may get a better rate on my $million+ home care of you the tax payer. TIA :D...

OP look up Occam's razor, might save you a few hyperventilations.

Take it from a guy who has learned the lesson several times the hard way, trade what you see not what you believe. The inverse correlation is so stark that a blind man could see it :) http://www.nowandfutures.com/key_stats.html#tic July TIC flows net 15B vs 60B expected, 90B prior and...

This actually works with the scenario I see which is a melt up or blow off top to this move in equities. If the dollar does hit 1.50 we should also close the gap on the SP and hit 1200+ before the rally is done. As long as we have a weakening USD we can have rising equities without a...

Better than expected, expected was 25K and 8%. However average earnings were up less than expected. UK is up over 1% http://www.forexpeacearmy.com/forex_news_calendar/

You right, just printed :)

Not much dipping going on tonight with the USD so weak, looks like 1.47 is in the cards for the EUR tomorrow, looks poised to pop. A lot of people I talk to in Europe are worried about a USD collapse. http://www.bloomberg.com/apps/news?pid=20601110&sid=apIz4p62Q1Ss Look at what KOL has...

Nice work P!

He's buying the breakout :D

You can add USD weakness to your well made list.

an interesting read. http://www.federalreserve.gov/newsevents/speech/duke20090914a.htm The recent G20 agreement calls for a retention of risk, or "skin-in-the-game" approach for asset securitizations. It also calls for higher capital standards and a leverage ratio for all banks. If the...

The fact that Buffet sees value here has to be disconcerting to shorts who see the market as overvalued in the extreme. Still feels like we are in the meat of the move rather than topping. I took off half of my position today mainly because I was overleveraged but will continue to play the...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aAZTWAs9VZfY