2/27/08 - YOU tell us if this is a bullish snapshot in time

Quote from balda:

If dollar keeps on falling there will not be a rate cut.

I do not think market will like it.
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Dollar doesn't matter.
A weak dollar is actually good for the US economy, as it boosts exports, reducing imports.

Bernanke has said it clearly before.
 
Quote from Anekdoten:

I would not marry a side, especially with so much conviction.

Anek
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I'm not married to a side, but for swing trading it is always better to be in congruence with the market and sector. Obviously my daily futures trading is not affected by my bullish nature as I will not hold futures overnight.
 
Quote from ByLoSellHi:

This is a hybrid of Bloomberg and AP articles from TODAY only.

What do you think? Relevant or not?

Confidence inspiring?



* Japan's Production Falls Twice as Much as Expected as U.S. Slump Deepens

* Bernanke Signals Fed Is Ready to Lower Rates Even as Inflation Accelerates

* Dollar Falls to Record Low of $1.51 per Euro on Fed Rate-Reduction Outlook

* Japanese Stocks Fall After Yen Strengthens Against Dollar; Toyota Declines

* A Highflier Loses Altitude as Google’s Clicks Go Flat

* Nortel Posts Loss and Plans More Job Cuts

* Citigroup Taps Old Lane's Leach as Chief Risk Officer, Replacing Bermudez

* Australian Dollar Rises to Highest Since 1984 on Rate Advantage Over U.S.

* Sri Lanka's Inflation Probably Slowed to 19.5% as Consumer Spending Cooled

* Americans Plan to Save, Not Spend Economic-Stimulus Rebates, Survey Shows

* Daimler: Chrysler lost $2.7B in August and September - 4:47 pm

* Bernanke's `Brilliant' Fed Vision Evokes Investor Jeers Amid Credit Crisis

* Lou Jiwei Suffers Blackstone's `Fat Rabbits' in $200 Billion Chinese Fund

* Exxon Valdez Oil-Spill Dispute Reaches U.S. Supreme Court After 19 Years

* Liechtensteiners Under Siege Cling to Bank Secrecy to Out-Swiss the Swiss

* Canadian Banks May Report First Profit Drop in Six Years After Writedown

* Honda to shift motorcycle production to Japan from U.S. - 12:26 pm

* Fed chief signals rate cut to help wobbly economy - 12:37 pm

* Ford recalls Mustangs for airbag fix - 12:47 pm

* January new home sales slip to lowest pace in more than 12 years - 12:47 pm

* Dollar sags to new lows against euro - 9:42 am

* Durable goods orders plunge in January - 8:52 am

* Wall Street swings positive after Fed remarks - 11:10 am

* EU fines Microsoft record 899 million euro - 8:32 am

* Britain hit by 5.3-magnitude earthquake - 12:37 pm

* Report: Magna International fourth-quarter profit falls - 1:42 pm

* BMW to cut 5,600 jobs - 8:04 am

* Report: Nine consumer products companies suspected of price-fixing in France - 1:02 pm

* Oil spikes above $102 a barrel - 12:57 pm

* Fed chief hints at more rate cuts despite inflation fears - 12:42 pm
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Can you add few more lines of doom & gloom? That wasn't enough.
 
Reading into news depends on what type of trader you are - daytrader, position/swing and/or investor. After some point you just learn to drown it out and focus on the charts.

The only thing that matters is price!
 
Quote from ByLoSellHi:

This is a hybrid of Bloomberg and AP articles from TODAY only.

What do you think? Relevant or not?

Confidence inspiring?

* Japan's Production Falls Twice as Much as Expected as U.S. Slump Deepens

etc. etc. etc. etc.
More...

No, it is not bullish, but we really have not gone up a whole lot either.

THAT *could* be viewed as bearish.

I reference the old Market axiom: "Buy the rumor, sell the news" also works, "sell the rumor, buy the news."

What I am saying is, it is quite possible that the levels we are at right now was priced into this news because the rumor was sold.

Just my guess mind you - I have no idea why else we don't fall hard.

Another thought............SOMEONE is consistently buying at key levels when we *probably* should be falling thru them - IMO, the retail guys are not consistently buying at key levels - they ALWAYS buy at the top!

The moving force - or at least the guys keeping us from falling lower in this grind, comes right from the big money guys.....................why?

Crazy stuff!

All JMHO
 
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