Dear Readers,
Please note that JPY and CHF both have hit the projected lows for daily lows. And GOLD hit important GANN number and turned back down. MARCH 3 may prove all that it was cracked up to be!
Dollar may not be out of woods yet and GOLD may have a longer to go up. Careful. If taking positions, keep stops tight.
08:27 ET, from what we see happen in JPY and CHF, market is having a room to breathe. So,
perhaps this time the buy of MDS will come on the up day again?
It was totally amazing to see CHF and JPY hitting their respective lows within few cents and reversing!
LET US NOT FORGET YBR/WBR have said in AUGUST 2007 that MARCH 3 2008 will put in a SIGNIFICANT BOTTOM( actually they Knew it for over 100 years, they just announced it in AUGUST(:- ). Let us have a show of hands for those fellows.
08:49 ET GOLD/SILVER are charting a pattern, that says DO OR DIE, if the GOLD breaks the top of this range it could run through its cyclical top ( today ! is that day). If not we will is it crash next few days. I have briefly shorted GOLD this morning made few bucks and left it alone. It is running with the ball very close to the body. Hard to tackle
09:03 ET CHF is leading the JPY today and now it is rebounding to 1.0345 62% FIB of todays reversal from the top(bottom in quote)
Good Trading
26 comments:
Boris,
Good morning
old john
Dear JOhn,
GOod Morning
Good Trading
All,
expedited fed meeting-today
www.federalreserve,gov/boarddocs/meeting
Thanks John.
The link didn't work.
Is this an unscheduled meeting? I guess if the market keeps tanking this morning then they will cut again. I'll keep tight stops on my small USD longs from Friday.
Jason
Jason,
I am computer illiterate and probably screwed up the link. It is a unscheduled meeting .
I sold my short friday and just wanted everyone to be aware of it.
old john
I will try again.
www.federalreserve.gov/boarddocs/meetings/2008/20080303/advancedexp.htm
Government in the Sunshine Meeting Notice Image of a gavel
Agency: Board of Governors of the Federal Reserve System
Time, date: 11:30 a.m., Monday, March 3, 2008
Place: Marriner S. Eccles Federal Reserve Board Building, 20th and C Streets, N.W., Washington, D.C. 20551
Status: Closed
anyone atending the meeting ?
so that once they talk about Rate Cut, you can post it immediately here ?
dollarpro.blogspot.com
to correct Jason and John, it is a planned meeting, every other Monday.
Public are invited to attend.
Thanks John and dollar for the info.
Jason
Some currencies to watch.
GBP working on another inside stick on the daily chart resulting in a Sym Triangle on the 60 min chart. This consolidation right below key resistance of 2.00 and could go either way. I am leaning to the downside due to the weakness of the GBP.
AUD put in an UGLY daily stick on Friday and rallying slightly this AM. After 2wks of almost vertical rise and up trend breaking down this could be a good day to look at th 5/15 min for a short entry.
Jason
Boris thanks for the update early this AM. I grabbed some USD/JPY long at the close to retest of 102.6 low. we'll see if it can hold today.
Jason
Dear Jason,
ENJOY,
Thanks for your own updates.
GOod Trading
Meeting date: March 3, 2008
Matters to be Considered:
1. Review and determination by the Board of Governors of the advance and discount rates to be charged by Federal Reserve Banks.
The FED is considering the Discount Rate, not of any
Dear DollarProAragon.
GOod To see your announcements. On hehalf of my readers. Salutations my dear friend. For keepin us/me (especially) infomred.
I would not know the day of the month if I did not you guys/girls here(:-
GOod Trading
Dollarpro,
thanx , I looked at the website and it says closed. I am not familiar with the Fed at all.
old john
Boris,
thanx again for the YBR and MDS
old john
Hi Boris,
do you think this is a last MDS sell before a rally that could last at least 3-4 weeks or you think we could have one more cycle (MDS buy - MDS sell - MDS buy).
Thanks and good trading to all
Ivan
Dear Boris,
Good morning.
It was nice to ride the bus last week with you and the esteemed company you keep here.
Thank you.
Now waiting with another ticket.
Thanks for the great updates.
Good trading to you.
Bert
Dear Wanderer , John,
Thanks a lot.
Good trading
Many happy busses(:-
GBP looks unlikely to scale 2.000, it is now on the lid of the multiple double/triple bottoms. Unless the market knows something we do not. Bias is for GBP to go back to its ding-dongs,1.9300 and 1.9900.
Morning,
WSJ story:
Goldman expects 20-25% decline commercial real estate values in 2 years.
Only 28% of commercial real estate has been securitized. (ie sold by the banks to others) While subprime was 80%. Little diversion of risk.
Default rates are 0.4% now.
Morgan Stanley (biggest last year) cut exposure by 52% in 4th qrtr; down to $17B. Sounds drastic.
Lehman is the largest exposed, followed by Citi and Merrill.
No commercial-mortgage-back security sale happened in Jan 2008. You have to go back a decade to find that.
Good day
Dear Ivan,
Not that smart, my Dear friend. But I am inclinded to think that the rally coming will be more significant ( at least in time) than previous ones.
BUt MDS knows that only in real time. Until the time comes it does not talk to me and I do not know ( that is unlike YBR that talks all the time right?)
Good Trading
Dear Boris, thanks.
sold GLD--now in 100% cash
Good For you Dear Lag,
GOod Trading
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