03/19/2013 Live Update

[TraderGirl]

Heavenskrow, I'm all out. Done for today

Good luck to you man! and everyone else

Seriously? There goes the neighborhood!!!

[Nage]

different starting point, same ending position. interesting. thanks

No, descending triangle target was fulfilled way earlier.

100% MM target was just fulfilled (missed a few cents but I count it as fulfilled).

thanks boss

[Al_Dente]

TG: I'm liking the move in $SOX!

Me too

So glad you are back

Oh, let’s just get it over with
ALL ON BOARD meet at The Love Shack AH
http://www.youtube.com/watch?v=leohcvmf8kM

[Cobra]

fib confluences area. info only, as they work as resistance in theory, I'm not sure as lots of theory seem to be unable to stand the reality test.

[Al_Dente]

global banks DAILY

[TWT]

$DAX: Today´s candlestick (Harami) suggests that the correction is not over

[Al_Dente]

Tons of updates over at zerohedge
(if u have time to kill bcuz u accidentally went wussie-flat too early like pasta)

keep calm_png.png (27.58 KiB) Viewed 4829 times

[taggard]

Seriously: all this mess for only 20 billion bail of a little country???[/quote]

I don't think it's about the money...[/quote]

It's both never and always about the money. the point with cyprus--esp for US traders who have been touting the fed liquidity--is that it shows just how bad the whole Eurozone mess is. they say politics is the extension of war by other means--well these days econ is the extension of politics which is the extension of war. People tend to see this as Germany vs Cyprus--actually it's about interlocked banks bonds and markets. We are waiting for some sort of event that changes accounting rules globally which then allows some sort of reasonable bank oversight and regulation. Personally i think it's easier to just reboot--but everyone wants to fight it out--so you are getting a sort of trench warfare and war of attrition. so yeah people are all desperately grasping at money--citizens trying to deal with real inflation/lower wages and benifits--banks countries. it cannot be chance that zombie movies took off just as the banking system started to show how whacked things really are. it doesn't matter who bits you--once the infection is going--it's ugly.

this is why you want to be real careful focusing on the fed if you are a us trader--between bond buying and debt based spending at a federal level of maybe 2 trillion this year--the last gdp figures were 1/10 of 1 percent. i keep hearing how great the economy is--but dude?!! What is of importance about Cyprus is that it is a major tell (1) how desperate all players are. (2) how the entire focus of holding up banks and bonds is the slow painful and maybe worst way forward. (3) how marginal things really are in terms of huge entities interlinked that are functionally bankrupt.

seen in this light everything is both about the money and not about the money (about the aesthetics of belief really) and everything is both important and not important--in the sense it can trigger something massive. so any thinking person just follows the price action which of course causes the whole crazy overdone nature on both ends of the crashes and highpoints. Cause and effect? in the end the trade that sets everything off could be by some guy playing grand theft auto (or whatever people play these days) on the other screen. But the marginal nature of the euro zone is pretty blatant at moments like these when you cannot ignore it like says the last 3 months during the holidays. should you care? dude those banks etc are linked to ours-- when you see math for 500-1000 trillion nominal value of known and unknown derivatives so maybe 50-100 trillion in real value (ball park 1-2x world gdp)---yeah odds are it's worth a passing thought.

in the end you will see it in the money--but the action is in the aesthetics/epistemology/ontology and philology--money is always just shorthand. it's the meter on your dash that attributes a number to the event of your movement. but it won't be your speed-o-meter that kills you in a car wreak.

good luck to all

[jademann]

Bank Savings Risk reward:

Risk bank goes bust
Risk government takes 9% of you savings

Reward 0.5% savings interest which is then taxed.

not good.

[L_T]

Tons of updates over at zerohedge
(if u have time to kill bcuz u accidentally went wussie-flat too early like pasta)

keep calm_png.png

When did you get out? You trade intraday 5 minute I assume right?

[Cobra]

my guess. lunch time, will be back.

[jademann]

Bears and longs selling a day ahead of FED? why? I thought we would be flat to up??

[Heck]

Order in to buy more VXX Apr calls since Friday.
Also bought UAL Apr puts this AM.
Cheers...

[Al_Dente]

Tons of updates over at zerohedge
(if u have time to kill bcuz u accidentally went wussie-flat too early like pasta)

The attachment keep calm_png.png is no longer available

When did you get out? You trade intraday 5 minute I assume right?

yup, out too soon
I’ll get back in if I can
I ain’t afraid of no Russians

[TWT]

$VIX above 14 and $EURUSD below the 200 dma = Risk OFF

[uempel]

1 min and daily, both in sell mode...

[Al_Dente]

fave juiced shorts
% perform
30 min, 1 month

[MrMiyagi]

I smell a bounce here.

[uempel]

Best article (I read) about Cyprus is by Gideon Rachmann in today's FT, you can google it with author's name and "Europe’s leaders run out of credit in Cyprus"

Seriously: all this mess for only 20 billion bail of a little country???

I don't think it's about the money...[/quote]

It's both never and always about the money. the point with cyprus... but it won't be your speed-o-meter that kills you in a car wreak.

good luck to all[/quote]

[L_T]

I smell a bounce here.

Just thinking the same thing. Indicators starting to turn up.