Payroll Turd Polishing

ah g-man, you are always first to get there...
;)


all aboard the Dow express.. 11,000 broken today....
 
215k......G-MAN gets the paper hat...!...... ;)

The market's a bit overbought at the mo' and may have limited rally potential...

Could be a 'sell the news' job.... :confused:
 
not just yet chaps... patience.. ;)

dips on wednesdays are usually bullish into early monday....

all depends if Daddy Dow can pierce 10940 with gusto...

edit:- and no sign of the upmove stopping on the 5 min chart..

still higher lows and highs, and no divergance on the obvious sources...
 
Should have pointed out I was looking at currencies.

Care to take another look anyone?

G-Man
 
watch out for 1.7350 on cable..

if that goes, its confirmation of that bull flag i was talking about yesterday...
 
Yep. Good call FC. Getting very close now.

Make the break of the ascending triangle look like a fake out earlier now.

G-Man
 
okey dokey, 1.7355 long for the forseeable future ;)

stop at 1.7340, but might shift around depending on volatility..
 
US bonds/Stock futs/European stocks virtually unmoved.....

Cable/Euro taking off - might signal and end to the $'s recent strength....

Could be difficult for US indices to get upside traction today imho...

And there's some bl**dy great opening gaps from yesterday to fill.... :cool:
 
pessimist
Click to expand...

Not necessarily - we saw a lot of whipsawing in October at the 'bottom' which was the accumulation phase - now we're the 'top', we'll likely see some whipsawing/consolidation during the 'distribution' phase.....

I suspect that the Dow will break 11000 in a few weeks, but I reckon the mm's will want to give the tree a good shake first....

Or even get a lumberjack in..... ;)
 
Think we are going to get some stagnation on FX for a while.

Anyone know of any big option expiries today?

G-Man
 
And of course, big Al likes shaking the $/Dow tree as well...... :LOL:

Fed chief Alan Greenspan urged Congress to take steps to bring the federal budget deficit back into balance before it gets to be too late.

"In the end, the consequences for the U.S. economy of doing nothing could be severe," Greenspan warned in a speech prepared for delivery to the Federal Reserve Bank of Philadelphia's policy forum on the federal budget outlook Friday.
Click to expand...
 
Well just look at that. I open my mouth and the market moves!!

I must have as much power as Greenspan.

G-Man
 
I bet he's still holding from Wednesday

But he does have a rather shaky £/$ short
 
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