Forex Futures Forum Archive for 09/1/2007

Tonbridge AL 18:25 GMT September 1, 2007 Reply   
From the house with the ticker above:
Equities – Discretionary Long/Short (5% Maximum Exposure)

As described last week the intention with this part of the portfolio is to enter long or short positions in major stock indices based on our fundamental outlook for the stock markets. However we have still not received a clear fundamental signal to enter either way however our fundamental indicator of the S&P500 is still getting closer to entering a strategic short position.
This will happen when the indicator reaches 0.5, which at the current pace of decelera-tion in the US economy would happen in about 10 weeks – i.e. by the end of September. It is, however, interesting to see that the current deceleration is losing downside mo-mentum. In the past four weeks, we have written that it would take 10 weeks, before we get a sell signal. Perhaps the trend is turning around and confirms the current buy signal since 2002.
Until then, the model is actually telling us to be long, but we don’t favor a strategic long position now that it has been flashing a “buy” for so long.

HK 17:16 GMT September 1, 2007 Reply   
SEEK -- agree, we may see weaker stocks and some dollar bounce this week, .79 aussie, if seem, may offer opportunity for a good reward/risk buy...

Melbourne Qindex 08:58 GMT September 1, 2007 Reply   
DJIA (Sept 03)



Directional Indicator : 12750 - 12806 - (13099) - (13184) -13212* - 13316 - 13324 - 13400* - 13562 - 13729 - 13814



Remarks : The moving targeting range is 13212 - 13400. The weekly cycle pivot center is 13099 - 13184 and the market is positive. Initially the market is going to consolidate between 13212 - 13400. Resistant points are located at 13562, 13729 and 13814.



Upside Targeting Points : 13523 and 13562



Downside Targeting Points : 13089 and 13125



Daily Cycle (13358) : ... 12885 - 12958* - 13031 - 13068 // 13104* - 13141 - 13177 - 13214 - 13251* - 13287 - [13324] - 13360 - 13397* - 13434 - 13470 - 13507 - 13543* // 13580 - 13617 - 13690* - 13763 ...


Weekly Cycle Pivot Center : (13099) - (13184)

The market is positive when it is above 13184. Buy on dips is the preferred trading strategy. On the other hand the market is under pressure when it is below 13184 and speculative selling pressure will increase when the market is trading below 13099.




DJIA (Weekly Cycle) : Heading Towards 13562



The critical level of weekly cycle is located at 13184 - 13310 . The odds are in favor of taking a long position when the market is trading above the critical level. Buy on dips is the preferred trading strategy. The pattern of weekly cycle charts suggest that the market will head for 13562. Projected barriers are located at 13251, 13397 and 13470. The current expected trading ranges from my weekly cycle are [13184] - 13247 - 13310* - 13373 - 13436 - 13499 - 13562* // 13625 - 13688 - 13814*.

Nanjing 07:51 GMT September 1, 2007 Reply   
Hi, everyone. I am new here. I hope I can learn from you all.

Thanks.

hongkong seek 04:06 GMT September 1, 2007 Reply   
NT--Base on moon cycle period , me expect a bearish on both stocks and non-dollar ccy next week..good w/e ..

HK 03:45 GMT September 1, 2007 Reply   
GD -- expect DOW to consolidate within 12900-13400 prior to test 14000 again..fwiw..

HK 02:12 GMT September 1, 2007 Reply   
Guess the wave 1 bounce of global stock markets after the sub-prime has already ended or, at least, has completed more than 95% of its course. Luck may favor short term sellers..fwiw..

HK 02:07 GMT September 1, 2007 Reply   
SEEK -- joined you to exit core long at 67x, only left 675-680 call options, guess we may see pullback to 655-660 before another round of bull run..

hongkong seek 01:41 GMT September 1, 2007 Reply   
Covered all core gold at 673 already....

Dublin 01:03 GMT September 1, 2007 Reply   
last time


http://aycu02.webshots.com/image/26921/2003253989086496541_rs.jpg

Dublin 00:58 GMT September 1, 2007 Reply   
test - photo


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Dublin 00:55 GMT September 1, 2007 Reply   
test

Dublin 00:51 GMT September 1, 2007 Reply   
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