Dear Readers, Today's Limits:
Sorry, Forgot the limits in the draft area for 10 minutes.
QQQQ 44.58 - 44.99
GLD 66.79 - 68.15
USO 48.85 - 50.41
GG 25.33 - 26.62
Good Trading
Will be back for 30-60min. Please leave Msgs. Boris
Jim Taylor, JD said...
Dow will complete UP ARC at 10:00 PDT.
Shanghai Composite dropped almost 5%
Yen dropping; China may raise interest rates and trigger Carry Trade Chaos.
JIm
4/19/2007 8:47 AM
Dear Jim, Readers, you know my current outlook. Some more upside is there, even if it all sideways. So, do not hurry, let the sentiment become bullish (bearish for stocks) and let the Pressure Gages register one or two High/Extreme SellPressure readings.
Jim Taylor, JD said...
ARC for DOW now at PEAK
Resistance: 113.25 squared = 12825.56
Jim
4/19/2007 9:59 AM
5 comments:
Dow will complete UP ARC at 10:00 PDT.
Shanghai Composite dropped almost 5%
Yen dropping; China may raise interest rates and trigger Carry Trade Chaos.
JIm
Hello Boris
Could you please post limits on Yamana for me. emphasis on lower limit.
please and thankyou in advance as always.
Danno
Jim,
I think the problem is not that the yen is dropping, but that it appears it may have had a short term reversal from a long decline. I suggest that a rally in the yen will cause the problems you are referring to...if the yen starts to rise, people will have to get out of the carry trade which they can only do by selling US and Euro assets and converting back to yen.
John
Dear Danno, Yamana, has the following brackets for today.
14.36,14.23,14.05 Good Trading Danno.
ARC for DOW now at PEAK
Resistance: 113.25 squared = 12825.56
Jim
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