Search results

As a native russian (living in canada though) I would NOT recommend buying into russia. There are many reasons but the simplest is VALUE of anything russian = VALUE OF OIL. Period. So USO is the same story with much less political and other risk. ERX - good triple ETF for energy. I would...

That's exactly right

I'm in the same mood. Holding long FAS over the weekend.

Also I propose that you look at $TRAN (transportation average) It's higher than 2002 low in percentage terms. It means that TRAN doesn't confirm that DOW has reached 2002 lows. Nonconfirmation. It might MIGHT mean something according to Dow Theory

No need to apologize, Sir. Let's hope we'll get there soon :)

My target is based on the gap on Tuesday opening. That's it. You may see it on S&P or XLF. In fact you can see it on any chart

I must admit I agree. Personally I bought some FAS at 4.40 or so... I'm not going to sell it until we reach the gap between 7 and 8

HERE WE ARE :) At least so far...

BTW Gold has started it's decline as well.

Just few observations. I'm not convinced by this sell off for few reasons 1) VIX is behaving strangely - it doesn't move up much 2) TRIN does the same as VIX 3) EURO/YEN and DOLLAR/YEN are also telling different story. So I wouldn't be surprised to see a huge STOCKTRADER rally starting...

I totally agree, Sir. Funny enough I'm in the same position LONG PHYSICAL/SHORT VIRTUAL I also bought some natural GAS as a hedge. Seems extreamly undervalued compared to gold

XP is much more stable and the main reason is that it was based on Windows NT platform which wasn't a MS product in the first place. (As far as I recall Microsoft bought server system from someone else and called it NT)

Well, he is telling the real thing... problem is that the reason the whole world uses USD is more of a military rather then economic. He can give all the wise advices he can but abandoning dollar as a reserve currency is equal to committing suicide nowadays. Saddam Hussein did it... we all...

There is one thing I would consider for timing. Things are changing MUCH faster these days... so in terms of time the same process which took 2-3 years in 20-30ies can easily take 1 year now, considering internet and other stuff which allows public to react much faster. Just my 5c

Just went short on gold and long on Natural Gas. I believe it's a good play for next month or so...

That's it. Correlation of these two commodities was never that favorable for this position. I wish you all luck and prosperity.

Oh, I have forgotten to mention EURO/YEN and DOLLAR/YEN which do not confirm the move higher.

Volume, volume and volume. As I said it was light overall and besides the most of it (volume) was on tops of the day but we still couldn't go higher - so there was selling every time we reached the highs of the day Just MVHO

What does have significance IMVHO is volume which was very weak today and a gap on the XLF at the opening today which should/could be filled. So tomorrow will be very interesting and I'm actually leaning towards a down move.

May I come up with the opposite call? Tomorrow will be a SELL THE NEWS event of the week. Market is gonna tank and not recover until friday at least. The reason I'm saying this is that financials tried to overcome the gap at 10 (XLF that is) and failed due to lack of buyers. Volume today is...