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i think bulls look not bad here. as for volume, since when volume matters in this man made bull market?Anaconda wrote:Unhealthy volume for what should be a real surge here, given the past few weeks, don't you think? Doesn't feel like a committed uptrend to me.Cobra wrote:could see a pullback or consolidation here. very subtle here, let's how pullback or consolidation unfolds before making my next call. P.S. Look at my eyes:
What makes this bull market real is that people believe it's man made and fake.Cobra wrote:i think bulls look not bad here. as for volume, since when volume matters in this man made bull market?Anaconda wrote:Unhealthy volume for what should be a real surge here, given the past few weeks, don't you think? Doesn't feel like a committed uptrend to me.Cobra wrote:could see a pullback or consolidation here. very subtle here, let's how pullback or consolidation unfolds before making my next call. P.S. Look at my eyes:
hmm, well said...cletus wrote:What makes this bull market real is that people believe it's man made and fake.Cobra wrote:i think bulls look not bad here. as for volume, since when volume matters in this man made bull market?Anaconda wrote:Unhealthy volume for what should be a real surge here, given the past few weeks, don't you think? Doesn't feel like a committed uptrend to me.Cobra wrote:could see a pullback or consolidation here. very subtle here, let's how pullback or consolidation unfolds before making my next call. P.S. Look at my eyes:
We could go back and forth on this one, with nobody the wiser. But, for the record, I think both your points are exactly why no one believes in - and is very reluctant to commit capital in - this "rally." (Welcome back by the way C.)cletus wrote:What makes this bull market real is that people believe it's man made and fake.Cobra wrote:i think bulls look not bad here. as for volume, since when volume matters in this man made bull market?Anaconda wrote:Unhealthy volume for what should be a real surge here, given the past few weeks, don't you think? Doesn't feel like a committed uptrend to me.Cobra wrote:could see a pullback or consolidation here. very subtle here, let's how pullback or consolidation unfolds before making my next call. P.S. Look at my eyes:
soku wrote:can i know which false assumption i made?bbc wrote:
That's a false assumption you are making here. Based on a beginner's book in 07 or 08:
BIS estimates that the total foreign exchange (FX) market in 2007 had
a daily trading volume of $3 trillion. This includes the spot market and
forwards, futures, options, and swaps. The spot market accounts for about
33 percent of the total daily turnover or about $1 trillion. According to
BIS Triennial Surveys, the proportion of spot transactions among all FX
trades has been decreasing; in 1989, spot represented 59 percent of all FX
trades. In 1998, spot accounted for only 40 percent of all FX trades. Of the
$2 trillion of daily FX volume that is not spot, $1.7 trillion is contributed
by FX swaps.
futures market is regulated. the volume is always you can see. forwards, options and swaps are not. usually the size is way bigger that futures, structure is way more complicated and very hard to estimate. otc market is bigger than regulated market in most products. they are not the same.
spot market is about 1t. do u know the size of futures market?
the fact that people don't believe in this rally gets me thinking that we are headed much higher... climbing the wall of disbelief.Anaconda wrote:
We could go back and forth on this one, with nobody the wiser. But, for the record, I think both your points are exactly why no one believes in - and is very reluctant to commit capital in - this "rally." (Welcome back by the way C.)
We've gone from wall of worry to wall of disbelief. Very funny! Seriously, I think you've nailed my sentiment, for sure. And, since I'm an ornery sort, I'm going to short the living crap out of this bounce if we hit 1295. Good luck!agnosia wrote:the fact that people don't believe in this rally gets me thinking that we are headed much higher... climbing the wall of disbelief.Anaconda wrote:
We could go back and forth on this one, with nobody the wiser. But, for the record, I think both your points are exactly why no one believes in - and is very reluctant to commit capital in - this "rally." (Welcome back by the way C.)
No good bet against youCobra wrote:pullback as i said, but normally, today's high will be at least revisited, very rare the market simply sold off here...
thanks i feel the same way but we need to get to 1313 before i turn into a bear again. for now we have end of month / quarter window dressing... plus holiday cheer.... good luck to you as well.Anaconda wrote:We've gone from wall of worry to wall of disbelief. Very funny! Seriously, I think you've nailed my sentiment, for sure. And, since I'm an ornery sort, I'm going to short the living crap out of this bounce if we hit 1295. Good luck!agnosia wrote:the fact that people don't believe in this rally gets me thinking that we are headed much higher... climbing the wall of disbelief.Anaconda wrote:
We could go back and forth on this one, with nobody the wiser. But, for the record, I think both your points are exactly why no one believes in - and is very reluctant to commit capital in - this "rally." (Welcome back by the way C.)