uempel wrote:P&F charts show how tricky 1470 is: a breakout here is significant and would need a very good story: some great corporate news, a rate cut, a political breakthrough (Ben Netanjahus son marries Mahmoud Ahmadinejad's daughter Or even better: Ben's son marries Mahmoud's son )
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our P&F charts are always telling the same story in a different way.
i'm looking at something like a 1600 bullish price objective as the framework...and trading around that idea.
uempel wrote:P&F charts show how tricky 1470 is: a breakout here is significant and would need a very good story: some great corporate news, a rate cut, a political breakthrough (Ben Netanjahus son marries Mahmoud Ahmadinejad's daughter Or even better: Ben's son marries Mahmoud's son )
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our P&F charts are always telling the same story in a different way.
i'm looking at something like a 1600 bullish price objective as the framework...and trading around that idea.
Don't quite understand "our P&F charts are always...." Pls explain.
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Two interesting aspects: USD is weak and European banks are setting it on "sell", DAX future is now 0.6% below today's high whereas SPX is at today's high
Last edited by uempel on Thu Jan 10, 2013 3:57 pm, edited 1 time in total.
uempel wrote:Two interesting aspects: USD is weak and European banks are setting it on "sell", DAX future is now 0.6% below today's high whereas SPX is at today's high
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uempel wrote:Two interesting aspects: USD is weak and European banks are setting it on "sell", DAX future is now 0.6% below today's high whereas SPX is at today's high
Thanks Uempel but those don't seem to add up.
Weaker $ strengthens US exports, expensive € weakens German exports. Of course there are many other aspects too.