ES Journal Archive (2011)

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Quote from JoshDance:

can those of you who know what you're talking about translate the eurobonds news for me? good or bad for ES? :) good I guess but don't know that stuff at all
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All euro countries will borrow at same rate from ECB.
Similar to how the states borrow from FED in USA.
"good" for ES...but its all BS man...
 
Does this lack of follow through on "good news" confirm the weakness in this market or am I impatient?

I got stopped out of my short that I was trapped into at the lows on that spike, so I`m not very happy now. :)

Any chance we can see any good moves from here or will 68,75 and the LOD contain the action until the close?

I`m thinking I want to see us take out 68,75 before possibly committing to the long side.
 
Quote from JoshDance:

can those of you who know what you're talking about translate the eurobonds news for me? good or bad for ES? :) good I guess but don't know that stuff at all
More...

Well, if the Germans sign up to the idea, it is good for us and stabilizing factor for Europe. The problem is that the Germans struggled to sell their bonds this morning and they are afraid to bail everybody out with the Euro bond idea. So for now, people buy dollars, as ES goes down.
 
Quote from JoshDance:

Thanks all of those who tried to edumacate me. I will have to read those again later to understand it.
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In simple words, lazy south and eastern Europeans are waiting for a German pie, while eating lazania, drinking metaxa and playing flamingo tunes out of boredom....
 
Nah, probably just bull bots and bear bots battling it out in this zone while the big boyz went home to put the turkey in the oven. :)

I would not be surprised to see us close in this range below 1168,75.
 
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