So will Monday be Black Monday for real this time?

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Quote from marketsurfer:

markets will never fully tip their hands prior to the big one, clues a plenty, but when it happens, few will expect it, should start like any other day.

stay tuned
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An 8:30 AM announcement from Ben would give the shorts skidmarks.
 
Quote from condorll:

An 8:30 AM announcement from Ben would give the shorts skidmarks.
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How, he can't cut rate unless he wants crude closing in on a 1000.
 
No one tips their hand in a game of skill surf, and I believe you know that better than anyone. Operative word is "fully", subtle cues are always laid far ahead of the BIG ONE, not tomorrow unless you are long at the right point, may be a very nice relative small one to the upside from the r/r perspective.



Quote from marketsurfer:

markets will never fully tip their hands prior to the big one, clues a plenty, but when it happens, few will expect it, should start like any other day.

stay tuned
More...
 
Quote from ByLoSellHi:

Oil has to go rise dramatically in price because:

1) Oil consumption has risen 3% per year, and the price of crude oil has failed to keep pace, only doubling per barrel in the last year, and rising 12 fold in the last decade.

2) This may be an active hurricane season, according to the very same meteorological service that predicted an intense hurricane season in 2007.

3) Royal Dutch Shell lacks the money to hire security forces to keep sandal-clad rebels from kidnapping its Nigeria Delta platform employees, nor to keep them from throwing rocks at the installation and its pipeline.

4) World War III is going to break out any moment because a middle ranking Israel official and a middle ranking Iranian official are making threatening comments about each other's country.

5) Morgan Stanley says crude oil will rise to $200 per barrel.

6) Some people believe that there's not enough oil, at present production levels, to meet world demand in 2030.

7) A 3.2 earthquake in the midwest two months ago had the theoretical possibility to damage certain oil-pipeline infrastructure, although it is a verifiable fact that it did not.

8) People pay $1.25 for a bottle of water at 7-11, so it logically follows that they should pay at least 4x that for a gallon of gas.

I am too tired to finish 8 and 10, so knock yourselves out.
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no offense...but, to me you sound like a guy who is reacting emotionaly to friday's action. the way i see the macro are that things are never as good as they seem and never as bad.

just calm down. i will give you some mention to #4 for the erie similarity to how wwI started.
 
Quote from The Kin:



On a slightly more serious note, the second the speculators get whiff of a possible hurricane development in the Gulf of Mexico, crude oil is really going to bust-a-move. That should tank the markets regardless of PPT. :p
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futures are flat
 
Quote from domestic:

no offense...but, to me you sound like a guy who is reacting emotionaly to friday's action. the way i see the macro are that things are never as good as they seem and never as bad.

just calm down. i will give you some mention to #4 for the erie similarity to how wwI started.
More...

learning to detect sarcasm is extremely useful in life.
 
The futures are all up right now. But if Oil open up and keeps heading up; anything is possible. May a crash is what we need to get out of this weird market.
 
It's 12:30 and financial markets appear to be functioning normally. Crude is steady while the Yen has fallen off its highs for today. Stay tunned for possible Black Monday 2008.
 
When people in my room start asking me to predict the next support or resistance (during the same day) I always whip out my 13 guaranteed predictions.

They are more accurate than our real trading record. They are:

Today's Market Prediction
By Alex L. Wasilewski


1) If you trade without a stop loss actually placed in the trading platform:
YOU WILL LOSE MONEY TODAY

2) If you trade more than 10 times today:
YOU WILL LOSE MONEY TODAY

3) If you trade against the trend without waiting for ALL your conditions to be met:
YOU WILL LOSE MONEY TODAY

4) If you jump from trading method to trading method on a hot tip:
YOU WILL LOSE MONEY TODAY

5) If you only take trades that meet your market prediction for today:
YOU WILL LOSE MONEY TODAY

6) If you are here to make friends:
YOU WILL LOSE MONEY TODAY

7) If you believe people who tell you it is possible to make 90% profitable trades:
YOU WILL LOSE MONEY TODAY

8) If you believe you can become a professional trader, brain surgeon, trial attorney, engineer, or CPA in 30 days:
YOU WILL LOSE MONEY TODAY

9) If you believe the market will go up today:
YOU WILL LOSE MONEY TODAY

10) If you believe the market will go down today:
YOU WILL LOSE MONEY TODAY

11) If you believe that there are traders who have secret knowledge of secret trading methods that you can plug into a computer, auto trade, set it and forget it:
YOU WILL LOSE MONEY TODAY

12) If you follow your rules, and even after entering the perfect setup, seeing that setup bring you a loss, then letting that loss make you ill, angry, sad, jealous, fearful, or frustrated:
YOU WILL LOSE MONEY TODAY

13) If you always try to pick exact tops and bottoms without waiting for the evidence of a top or a bottom:
YOU WILL LOSE MONEY TODAY

But so far this is my plan going in to today's trading, subject to many adjustments.

If the YM rallies to a previous hourly low of 12308 and begins to fail, I will short it again.

If we break a little below 12138, a previous swing low, I will look for a long counter trend trade to return into the first hour opening low.

We will see.

Successfully,

Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 (1-877-465-6641)
 
The biggest threat to global economy is inflation. Central banks around the world are tightning except the US. That is weakening the dollar. I would bet money that Fed increases rates next meeting even as the risk to growth is high.
 
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