From CBOT: Based upon the December 5 market close, the 30-Day Federal Funds futures contract for the December 2007 expiration is currently pricing in a 100 percent probability that the FOMC will decrease the target rate by at least 25 basis points ...

Cesarnc's market talk, gossips, rumours & fun

Whether or not someone had inside scoop (doubtful, but do agree it might happen sometimes) you can see by looking at the daily chart that it was hanging by it's fingertips. But everytime there is a big move before the news (often) someone thinks "a ...

Cesarnc's market talk, gossips, rumours & fun

Although it has to go through $86 to get to $84, I think $84 is where the firm support might be.

I see oil reaching 100 USD?!

Down we go!!

I see oil reaching 100 USD?!

Then she gives you some S&M, ?

Cesarnc's market talk, gossips, rumours & fun

That is is precisely. It is never the news. It is what people believe that moves the markets. Whether or not what they believe has to with News/FA, TA and or T&A. :

Cesarnc's market talk, gossips, rumours & fun

The story of this thread seems similar to Student (in India) who wanted to become enlightened. Short version, Guru #1 tells him to sit in front of mirror asking himself over and over "who am I". Student says, that simple? Yes Guru #1 says. So he ...

Technical Analysis Fallacy

Thats not a MA curling up from the bottom of your chart, is it?

I see oil reaching 100 USD?!

The other reasons why I am thinking lower before it goes up some is: Chavez needing a little humility with Sunday election loss and intel on Iran regarding nuke plans should temper the noise coming from Pres Bush. So this might mean possible ...

I see oil reaching 100 USD?!

I' d say down to about $85 before we bounce, but have to wait for Oil Inventory Figures and see what the boys from OPEC say after their meeting in Abu Dhabi.

I see oil reaching 100 USD?!

Actually I used to get his daily emails a year or so ago. And just last week came across his site once again and saw the Turkey story.Good stuff but I didn't want to take time out each day to read the "funnies." Spend too much time in front of the ...

Cesarnc's market talk, gossips, rumours & fun

Ash, Borowitz is one funny dude. Sun

Cesarnc's market talk, gossips, rumours & fun

Weekly Dow - I am watching the 89 XMA which has been good support zone:

Cesarnc's market talk, gossips, rumours & fun

Agree.

Technical Analysis Fallacy

It is up to Cesar. Right now it is going good, so I see no need to change. Sor-ass Jr and Free44 had their moments but overall I could have done without 90% of the BS of "ignorant" newbies asking where to enter/exit. Thats why I dropped out of ...

Cesarnc's market talk, gossips, rumours & fun

Only problem it wasn't opened in the trading room area so that means the crowd can move over here too.

Cesarnc's market talk, gossips, rumours & fun

OK you didn't get my point so I will restate it clearer. Technicians (By this I mean someone who uses TA) analyse, then trade. Analysts just analyse. I use TA but I don't care if someone calls me a technician or not. Above all I am a trader. That is ...

Technical Analysis Fallacy

The way I see it: Technicians trade, Analysts analyze. At least in this business.

Technical Analysis Fallacy

What that you use sunglasses to read your charts.

Why Fibonacci Retracements are Bullocks

Also I may be wrong but I don't believe Tom DeMark ever talks about price action by itself. He does not claim to be a tape reader watching Time & Sales or a naked chart. Far from it, he uses his techniques with qualifiers to determine whether to ...

Why Fibonacci Retracements are Bullocks