thats a 20 day chart you start with the large picture, get an idea, zoom in to find out how to capture a profit when it breaks a nip ,cleave or ledge , in whichever direction , you follow to the next n,c or ledge 78.2 is broken , so follow it to 6.50.if you have enough to just make 4 or 5 massive trades a year,this is the only pic you need,if not you go smaller and smaller and see all the n,c.l's in between as it bounces around
CL Redux
- Thread starter schizo
- Start date
This is either it for the day do we go to 82.30ish. So short now and only risk 15 or 20 ticks.
short 82.09
This big EURO Relief really is supposed to fade at least one dollar if previous EURO Relief rallies are any indication ... let us see
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<b>EU Leaders Ease Debt-Crisis Rules On Spain </b>
http://www.bloomberg.com/news/2012-...risis-rules-for-spain-as-merkel-retreats.html
Euro-area leaders agreed to relax conditions on emergency loans for Spanish banks and possible help for Italy as an outflanked German Chancellor Angela Merkel gave in on expanded steps to stem the debt crisis.
After 13 1/2 hours of talks ending at 4:30 a.m. in Brussels today, chiefs of the 17 euro countries dropped the requirement that taxpayers get preferred creditor status on aid to Spainâs blighted banks. They also opened the way to recapitalizing lenders directly with bailout funds once Europe sets up a single banking supervisor. Stocks and bonds in Spain and Italy surged and the euro rallied.
The politicians struggled for consensus on reducing market pressure as surging borrowing costs in Italy and Spain stoked concern among investors and policy makers around the world that the currency union threatened to splinter and risk damaging the global economy. Euro governments were granted access to rescue loans without having to relinquish control of their economies.
âWe agreed on short-term measures that should apply to Spain and Italy,â said Luxembourg Prime Minister Jean-Claude Juncker, who heads the group of euro finance ministers. âWe will keep all options open to do the interventions that need to be done to calm the situation. There is a whole array of possible interventions and measures.â
This big EURO Relief really is supposed to fade at least one dollar if previous EURO Relief rallies are any indication ... let us see
--
<b>EU Leaders Ease Debt-Crisis Rules On Spain </b>
http://www.bloomberg.com/news/2012-...risis-rules-for-spain-as-merkel-retreats.html
Euro-area leaders agreed to relax conditions on emergency loans for Spanish banks and possible help for Italy as an outflanked German Chancellor Angela Merkel gave in on expanded steps to stem the debt crisis.
After 13 1/2 hours of talks ending at 4:30 a.m. in Brussels today, chiefs of the 17 euro countries dropped the requirement that taxpayers get preferred creditor status on aid to Spainâs blighted banks. They also opened the way to recapitalizing lenders directly with bailout funds once Europe sets up a single banking supervisor. Stocks and bonds in Spain and Italy surged and the euro rallied.
The politicians struggled for consensus on reducing market pressure as surging borrowing costs in Italy and Spain stoked concern among investors and policy makers around the world that the currency union threatened to splinter and risk damaging the global economy. Euro governments were granted access to rescue loans without having to relinquish control of their economies.
âWe agreed on short-term measures that should apply to Spain and Italy,â said Luxembourg Prime Minister Jean-Claude Juncker, who heads the group of euro finance ministers. âWe will keep all options open to do the interventions that need to be done to calm the situation. There is a whole array of possible interventions and measures.â
EURO up 2% , Gold up 3% , S&P up: 1.6%
Crude Up 5.4%
In this big crude runup , there may be $1 short squeeze value which will settle down once Short Squeeze run out of gas ..
Crude Up 5.4%
In this big crude runup , there may be $1 short squeeze value which will settle down once Short Squeeze run out of gas ..