Well, there are some people on ET realizing MEDIA mumbo-jumbo - you have just to refine your ET parameters - and you will find them !
Bear market is here?? (worst than 87 crash)
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Well, there are some people on ET realizing MEDIA mumbo-jumbo - you have just to refine your ET parameters - and you will find them !
Every single decline has a specific time frame to "blame", in this case it was a combo of various time frames, it was seen on weekly, multi day/daily & 240 minute frame, world markets correlation has to also be included in analyses, there is a world out there, not just USA. So far it's a correction from a technical pov, whether it is or is not a bear market I don't believe anyone, at least on ET, has any solid contributive information, predictions more likely.
Good point, and interesting chart.
Think about it. The US fX market is pretty thin on a friday afternoon after london has closed and everyone is sitting around thinking about hitting the Hamptons for the weekend. What better time to push the market - as much as you can push it in the FX world anyway. A few hits and you're away, particularly with everyone being panicky on a friday after two big down days and the overall market ending lower.
So who wants the yen to be stronger? Certainly not Japan, who would like a little more inflation and some ability to compete with the folks to the west. The US? We probably don't care too much either way. The ECB? Well, they might like a little stronger yen considering that the EUR/JPY cross has gone to Jupiter. But who really wants to flex their political muscle?
China.
Who has scads of dollar reserves that they might diversify into other currencies?
China.
Where is our sec. of the Treas. going this week?
China.
Harmonious accords bring happy longs. This is all posturing, even though it is the posturing of giants and we small fry are just scurrying around.
Just my guess.
I think a tad deeper bro. 1439 in ES will be the #.
Watch how hard Bonds break as these stocks find a temporary bid.....
Carry unwind continuing in the early Asian session, U/JPY off another 40 ticks from that sell-off low late Friday. ES flat, for now..
Each time this market has declined the bears have been way to eager to come out of their caves and say " I told you so, I told you so" Makes me a bit nervous. That said I have been bearish and not buying anything for several months, I starting shorting the Russell heavily the day that the DOW crossed 14k, but I'm still not going to count my chickens until we see how the rally back up looks, coz over the last several months we have had some pretty damn wicked delines that simply led to a great buying opportunity and more pain for me and my bearish cousins. This year, for me, has been hard. I was up 7% for the year on 7/19...hardly worth the effort. The last week has been great and Im up nearly 20% now, but as I said I'm not counting chickens, the market has proven it can and will turn on a dime.
Brandon
Brandon
You obviously don't get it.
Not all systems ( let alone asset-allocators ) react on an hourly or daily basis.
Their time horizon is much different than that of a "daytrader".
For example, take a look at First Quadrant down in Pasadena. They manage $28 billion. And trust me when I tell you that they do pretty well for themselves, and aren't looking at hourly or daily data points.
I don't trade hourly or daily. I trade weekly. And that was a great week to be short. If a system was long instead of short, that sucks big time. It still may be a good system, but I have my doubts.Quote from Landis82:
You obviously don't get it.
Not all systems ( let alone asset-allocators ) react on an hourly or daily basis.
Their time horizon is much different than that of a "daytrader".
For example, take a look at First Quadrant down in Pasadena. They manage $28 billion. And trust me when I tell you that they do pretty well for themselves, and aren't looking at hourly or daily data points.
Of course, the system could have been neutral....