Did Media Blow Greek Smoke Up Your Rectum? Is It Time To Short Yet?
- Thread starter shortie
- Start date
@ Tsing Tao: Right well you know what I think about shorting the Euro.
@Shortie: I think it's the consensus that is priced into the market really. Analysts have been collectively upgrading their expectations during the day and the market has gradually risen in accordance with these expectations upgrades.The odds are pretty good for beating estimates because estimates have been lagging pretty much all results so far so I doubt they've upgraded hard enough.
I wouldn't expect too much fireworks from the ADP tomorrow unless it comes in below the original expectations which I believe were about 70k
@Shortie: I think it's the consensus that is priced into the market really. Analysts have been collectively upgrading their expectations during the day and the market has gradually risen in accordance with these expectations upgrades.The odds are pretty good for beating estimates because estimates have been lagging pretty much all results so far so I doubt they've upgraded hard enough.
I wouldn't expect too much fireworks from the ADP tomorrow unless it comes in below the original expectations which I believe were about 70k
Quote from shortie:
i stay by my opening sentence
indeed, Qs at year high, but was touching year Low 3 weeks ago.
truly amazing!
That sound you hear is juice being squeezed!!!
So far the predictions from price action have been good. Spike and channel to 1360, then a small pullback. I do not foresee a big turnaround because the momentum is astounding.
DAX weekly chart at my blog shows uptrend gradually breaking down despite recurring buying support.
Lakshman Achutan is saying it's a dead cat bounce! http://pragcap.com/achuthan-this-is-a-dead-cat-bounce
At least he's sticking to his story, which is what I would expect most to do given the circumstances. He'd probably lose more credibility by changing his tune and possibly being wrong again than to stick to his story and minimize the damage to being wrong once at most or right in the long run.
The thing I don't appreciate about Lakshman is that he is regarded as if he "knows" what is going to happen whereas he's wrong or right just as often as most experts, so it's really pretty unpredictable still.
At least he's sticking to his story, which is what I would expect most to do given the circumstances. He'd probably lose more credibility by changing his tune and possibly being wrong again than to stick to his story and minimize the damage to being wrong once at most or right in the long run.
The thing I don't appreciate about Lakshman is that he is regarded as if he "knows" what is going to happen whereas he's wrong or right just as often as most experts, so it's really pretty unpredictable still.