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What does it say that we simply expect things like this ten minutes before the open now? Futures were even more exciting (unless you were short overnight- hah!). It wasn't the SNB this time either.
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http://eroonkang.com/16x16/wp-content/gallery/jamieson/ij.027.1.jpg
But Marla, Juncker said that "currency intervention was unwarranted at the is time" (mind you this time was 12 hours ago).
And we all know these people NEVER lie (except when they open their mouths).
The shit is bananas!
And just in time, some 15 mins before US equity markets open, EUR/JPY and EUR/USD rising. Like a Swiss clockwork.
"They" will ultimately fail. Too bad they're using our money.
Blood red on its way across the board. One last chance to let the fat fingers work before "they" fix it!
We have bear market liquidity and volatility in a bull market in prices. I for one am very VERY impressed that the levitation act that is being co-ordinated by global central banks has been so successful. Maybe I'll go back to school and get a PhD so I can trade for th e fed.
I for one am very VERY impressed that the levitation act that is being co-ordinated by global central banks has been so skittle shitting unicorn, magic-like in it's success.
Fixed it for you :)
EURUSD buying support is still evident.
Updates here:
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
Yikes!!
I mean, Oh crap!
Uh, where's the unicorn in all this?
So are we in a situation that screams "buy gold"? My feeling is that silver may be a good gamble while it is on the down side. Right now I am most comfortable hiding under the bed after loosing my NO FEAR Tshirt.
I find it ironic to see the Trade FX with Citi banner ads beside this article. I enjoy imagining the Rube Goldberg that includes a fishing rod with one of those preposterous multi-colored lures along with The Amazing Mr. Lifto, Vikram, and Turbo Tim all naked on a leaking boat, and surrounded by the bloated bodies of drowned American housewives.
Yeah, I was short, got mega-squeezed, and held on for a good part of the path back down, but had to throw the towel in and cover before going to bed at 1:30 PDT. 15% loss. Bad night. Damn ECB. I had a cover order in a mere 2.5pips below the low point before the intervention happened. Ah-Zheet M'Drawrz when that big move started.
For several days I have been warning of EURUSD buying support as detected by my indicators, and this has been confirmed by the recent break out.
The proprietary indicators I use can identify trend changes before they occur.
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1