Thank You Dubai

C

cstfx

Thanks to the effects of Dubai debt default, we've had a nice run to safety in the US Dollar today. Anyone who did not take the day off had a chance to step on and ride the crest of this move. Hey, every little bit helps. Thanks you for thin markets.

Now they've set it up for a dollar selloff tonite/tomorrow (unless this Dubai debt issue is greater than reported) as the US comes back online and does it's usual "stock market up on Black Friday" routine.
 
Dubai still a problem. Opened new shorts on Aussie (.9010) and Euro (1.4935). Think we still get softer before NY open.
 
Quote from cstfx:

Dubai still a problem. Opened new shorts on Aussie (.9010) and Euro (1.4935). Think we still get softer before NY open.
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Fast market - put in TP @8940 and 1.4830. Seeing as it breached these levels already, think it will try again when London opens. Put SL @ 8980 and 1.4870 to protect if reverses. Trades are futures not spot.

Once again, thank you Dubai. That's what I am thankful for today.
 
Bulls trying to turn this one hard, Dow futures already +130 off the low, ZN gave up the overnight. I imagine the powers that be don't want a Dow -300 opening to affect Black Friday shoppers' morale..
 
Quote from Trader KGB:

Bulls trying to turn this one hard, Dow futures already +130 off the low, ZN gave up the overnight. I imagine the powers that be don't want a Dow -300 opening to affect Black Friday shoppers' morale..
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Resistance is futile. This bitch burns today or never. :D
 
Quote from psytrade:

Somehow I don't think anyone in Walmart's aisles cares about DOW Futures...
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I agree. OTH, swine flu is on the back burner, don't want to spoil black Friday.
 
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