Might retrace shortly, but don't believe downtrend is over yet.

Cable Update (GBPUSD)

Some are geting their panties in a bunch without knowing the actual details of the fed (and others) actions. I hope that this is not how they trade. Besides, even if someone else is getting a free ride, it ain't you and me so who give a f... Time ...

Subprime Worries

So now he is in bed with Rupert Murdock / with News Corp buying Dow Jones.

Cable Update (GBPUSD)

Hey Bravado, Nice of you to stop by for minute and criticize. Pop in anytime when you can fit us into your busy schedule. Sun + + + Remember: Loose lips sink ships, but losing traders lose. And no matter where you go, there you are.

Cable Update (GBPUSD)

Starting off the wednesday trading day (or night) same way down down down.

Cable Update (GBPUSD)

...........and a possible dividend cut. Now thats funny. I would think the folks working there are more concerned with job cuts or wrists being cut with a razor. Not dividends.

Cable Update (GBPUSD)

It is Lose, Lose, Lose not Loose, Loose, Loose. Can't some of you people get it. Maybe this will help: bad trade = lose like booze - although just one letter o. pants that don't fit = loose like toulouse lautrec Ok class dismissed. + + + For the ...

Cable Update (GBPUSD)

Michael Metz - I can't believe someone still has him in their company. He was calling for the top long before Greenspan said "irrational exuberance" in '97. Only off by about 4000 dow points and years too early.

Cable Update (GBPUSD)

No I don't think even a million shorts got out. There is much more downside to go, if not today, the rest of the week. Too much uncertainty. WalMart/Home Depot leading the way.

Cable Update (GBPUSD)

DOW - dead cat bounce is all that was.

Cable Update (GBPUSD)

DOW - 12735 is 61.8% ret of move up from March 14th swing low, but on another fib calculations (from Tom DeMark) next major support is 12508 so who knows.

Cable Update (GBPUSD)

Dow came with 0.16 of low from friday. We'll see if that holds.

Cable Update (GBPUSD)

Dow will test low from last friday 13057 Don't think it will get a passing grade.

Cable Update (GBPUSD)

I said "No bailout there." What Goldman and the other investors did there is say, OK you want out, we recognize the value and will take your place. Isn't that what any trader does, buy from someone else who no longer believes a market is going ...

Subprime Worries

DOW 13165 -72 + + + Divergences go good with MA's And don't forget reverse divergences :

Cable Update (GBPUSD)

Tomorrow Aug 15th is 45 days before the end of the next (3rd) quarterly cycle, which many hedge funds require in order for investors to notify their intention to withdraw funds. Since most hedge funds are private the ramifications might not be know ...

Subprime Worries

I didn't read the article. Not much for news, just trade price. But after the market closed I re-read the line: "Credit markets are telling central banks what to do, and it isn't what Ben S. Bernanke or Jean- Claude Trichet had in mind". and I think ...

Subprime Worries

I like her bottom better.

Cable Update (GBPUSD)

I bet she does.

Cable Update (GBPUSD)

Don't forget those Japanese housewives too. Talk about instability.

Cable Update (GBPUSD)