Jim18xe's Blog

Re: Jim18xe's Blog

Postby jim18xe » Sat Jan 24, 2009 12:04 pm

kennynah wrote:so....jim....what's your trade tonight ?

next week fomc, generally it is still weak, but pre-fomc may can go long but i think good for a day only as thursday durable goods, friday gdp, so imo long on rumors short on news
noting that the 825bn details and approval is in Feb and this mortgage reform http://www.reuters.com/article/businessNews/idUSTRE50M6WM20090123?virtualBrandChannel=10112

my view on obama current action mean that market is "free", "do what u want fat cat"
currently, me no trade....wait and watch only
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Re: Jim18xe's Blog

Postby kennynah » Sat Jan 24, 2009 12:08 pm

thanks for sharing jim...wish u happy and prosperous chinese new year....
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Re: Jim18xe's Blog

Postby jim18xe » Thu Feb 05, 2009 4:14 pm

Bkx reach near to 1993 level, and is rare for bkx move -4% with spx move +1%.
ben press machine working overtime which have the dollar weakening, gld pushing forward, will gld reach 2008 high as everyone looking for safe haven in it.
is all the money locked in gld, else where did they goes?
can the industries, businesses operate normally if bkx breakdown and disintegrated? Do not think bkx will disintergrate, the question will be how long it will take to recuperate or a new bkx group/leader.
those who lock theirs’ in gld, is it for short/mid term investment or long term?
BOE is strongly believe to cut rate to record low today, US now between 0 ~ 0.25 & japan at 0.1, ECB at 2 & expecting to cut further.
If bkx need time to recuperate, rate is cutting, gld upward, can spx upward movement able hold fort?
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Re: Jim18xe's Blog

Postby kennynah » Thu Feb 05, 2009 4:17 pm

so, what's your next move jim ?
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Re: Jim18xe's Blog

Postby jim18xe » Thu Feb 05, 2009 9:29 pm

imo, today r2 865, r1 850, s1 830, s2 815
today i most properly stay side line. too many uncertainty, obama might force the package through....
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Re: Jim18xe's Blog

Postby jim18xe » Thu Feb 05, 2009 9:52 pm

jim18xe wrote:imo, today r2 865, r1 850, s1 830, s2 815
today i most properly stay side line. too many uncertainty, obama might force the package through....


if what winston said on sell on news come true, then it will test 810
if break this level and if around 06/jan is the head, then this 810 level might be the shoulder....will it test the nov low then....
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Re: Jim18xe's Blog

Postby jim18xe » Fri Feb 06, 2009 11:09 pm

BTO 85 put
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Re: Jim18xe's Blog

Postby kennynah » Fri Feb 06, 2009 11:15 pm

good luck to you jim...
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Re: Jim18xe's Blog

Postby jim18xe » Wed Feb 11, 2009 12:09 am

jim18xe wrote:BTO 85 put


STC 85 put
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Re: Jim18xe's Blog

Postby blid2def » Wed Feb 11, 2009 12:16 am

Very tough to trade this month; lots of paper cuts man. :(
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