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jimkane
Rep: 3,058
Posts: 33,089
I'll start the week out. Here's an interesting article on one of the key high fliers that I follow.

http://www.zerohedge.com/news/2013-09-28/great-tesla-rotation-institutions-retail-bag-holders
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tomo
Rep: 110
Posts: 238
Moving around in this forum is a disaster now IMO. Just do not know what page I am on etc. So reading it chronologically becomes hard. Never thought I will have problems with that :)
One of the rules I use is "If it works do not touch it".
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jimkane
Rep: 3,058
Posts: 33,089
Yeah, it seems that no one in here likes it. Once you understand the logic of it it isn't as bad. But, I was very happy with the old style. One thing I have noticed is that a refresh on any page will bring in the latest posts at the bottom. And I do like the 'auto-checking' feature. I think they had that before, but you couldn't use it in the old 'classic' mode, so I never tried it.
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jimkane
Rep: 3,058
Posts: 33,089
Yeah, sure, the ES is going to open down 25. I wish...

http://www.zerohedge.com/news/2013-09-29/eur-plunges-markets-open
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jimkane
Rep: 3,058
Posts: 33,089
This is spooky stuff, how restricted they are getting with our money. When things finally collapse, we will be unable to do anything. And we can do so little now, since we know they are tightening up so few if any can prepare at this point. Wow.

http://armstrongeconomics.com/2013/09/29/bureaucrats-destroying-the-world/
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jimkane
Rep: 3,058
Posts: 33,089
So, the EUR/JPY implies ES to open down -25. I think it will open down 2-3, and then rise. Let's see what happens.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, the early indications, which can change rapidly before the open, are for down -3.25. How was that call? Sometimes I amaze myself...
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jimkane
Rep: 3,058
Posts: 33,089
And if you look at it from the close of the little session we get only on Fridays (why they ignore this as the 'close' I don't know, I guess because the close is considered the 16:15 ending price), then it's indicated to open down 2.00 from there.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, at least they brought it down into the open. I'll be happy to admit my initial read didn't happen at all. Happy being the key, operative word there. So, down about 12 or so. Now we see if they just gobble it right up, which I suspect they will. Too bad, I wish we could get some real selling started.
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jimkane
Rep: 3,058
Posts: 33,089
My key area is say 55-60, but watch around 68-69. If it continues to drop below this 72.50, that is.
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jimkane
Rep: 3,058
Posts: 33,089
Now, if we ever got some real selling (and how unlikely is that?), I'm looking at around 1590.
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jimkane
Rep: 3,058
Posts: 33,089