We patiently waited for the 2nd upmove … the expected “C” wave …
To catch it in Europe you had around 10mins … then it was a master squeeze …
Now the question is … HOW FAR ???
Only the “must have-high”? A short “C” to around 6670?
A normal one to around 6870 or even a Dax […]

Not much to say …
holiday around the globe and FED, ECB and BoE spreading their “wisdom” this week …
YAWN
The only … possible, but improbable … surprise could be AUSTRALIA … they COULD … L O W E R rates
All the rest should stick to the current levels …
ECB sounding hawkish, […]

Peace talks between Syria and Israel broke up …
and Israel reiterated that they see Iran reaching out for a nuclear bomb and said they WON’T let that happen …
USA are said to have agreed to delivering a new hightech anti missile system to Israel soon…
So Crude Oil jumps … putting pressure on markets …
The only […]

Pull all strings FED made it possible … the market survived another month
even bouncing
And still in bouncing mode … despite bad GNP figures out of the US today …
It is still an uphill battle, but we should see new highs … S&P above 1291 … DAX above 6616
After running out […]

As the bounce keeps going …
FED prolongs its “flooding” of the market with liquidity until Jan. 31st, 2009
So, we have Govt. guaranteed banks for 6 more months … at least.
After Merill Lynch threw in the towel by selling their “toxic waste” … who is next … and what will be the next focus for the […]

Yesterday, I was looking for the 2nd leg of the bounce … seemingly … HERE WE GO
You need a reason? (I am a technical trader, so I don’t)
BUT
Rumour going around, that the NO SHORT LIST will have around 200(!!!) more stocks on it …
Incredible … hopefully, we don’t have soon the […]

We had the markets close to capitulation as S&P traded below 1200 and DAX below 6000 …
then a brutal bounce … now the correction of the bounce …
usually we should “enjoy” now soon the 2nd bounce to the upside …
As S&P already retraced more than 60% of its bounce, the Dax stands close to the […]

NAB, National Australia Bank … came out today, stating:
- National Australia Bank said, it was setting aside an additional A$830 million ($805 million) to cover exposure to U.S. mortgages
- that the provision was on its portfolio of collateralized debt obligations, or CDOs, of securities backed by U.S. residential mortgages.
- The lender said it has […]