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MarketTicker Forums Read Message in NotSoBreakingPrice
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User Info Bucky getting pummeled this morning.... in forum [NotSoBreakingPrice]
Zarathustra
Posts: 6027
Incept: 2009-04-29
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Funkytown
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Any news? DXY down big since last night...

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"And in knowing that you know nothing, that makes you the smartest of all." - Socrates
Kwerk
Posts: 908
Incept: 2009-03-02


Banned
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Euro gains after USA housing looks better??

http://www.reuters.com/article/2011/12/2....
Iou
Posts: 1031
Incept: 2009-03-16
A True American Patriot!
The Twilight Zone
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This **** is getting old.

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"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."- Frédéric Bastiat
Widgeon
Posts: 13481
Incept: 2007-08-30
Green
Region formerly known as the United States
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Need to engineer a stock "rally."

Sean
Posts: 1789
Incept: 2009-04-21

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Cannot have BAC be below $5!

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* I think Ann Barnhardt is more and more right. God help us!
* Progressives / Marxists / Communists are many things, STUPID and IMPATIENT are not two of them.
* A hot civil war is coming.
* And people wonder why I prep!
Zarathustra
Posts: 6027
Incept: 2009-04-29
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Funkytown
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Sean+10000000

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"And in knowing that you know nothing, that makes you the smartest of all." - Socrates
Quillbill
Posts: 1469
Incept: 2009-06-23
Green
Northwest Illinois
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And like a kidney stone.....this shall pass.

Washington fireworks stage an afternoon fade....

Have we seen this movie?

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It is a new day....DO SOMETHING WITH IT!
Pika-steph
Posts: 54911
Incept: 2007-09-11
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Live Free Or Die; US Army Est. 1775
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Short squeeze on EUR. Nothing more.

Could be rather epic for a time though. Lots of shorts on EUR.

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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/
inline
"The only regulation that really works is failure."--Rick Santelli
Sushihorn
Posts: 7802
Incept: 2007-10-22
A True American Patriot!
Arlington, TX
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Germany's IFO business confidence survey came in well above expectations.
Sweden's Riksbank (their Fed) cut their discount rate a quarter point.

Before those announcments came out, the major European indices were RED. The "news" was used to stage a short squeeze in both European equities and the Euro itself. Paris and Frankfurt both finished around +3%.

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http://jengafinance.blogspot.com/

Build a banker a fire and keep him warm for a night.
Set a banker on fire and keep him warm for the rest of his life.

Punch_rockgroin
Posts: 1924
Incept: 2008-12-31
Green
Pacific NW USA
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There's your Satan Claws rally.

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Put the boots to him. Medium style.
Medicdan
Posts: 8127
Incept: 2010-02-11
Green
Scottsdale, AZ
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Why is it that no one here ever says, after 5 days down you can get an amazing bounce?

This was completely expected. The market has never and will never trade in a straight line. That includes the Euro.

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Arizona & desert gardening
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Corn1945
Posts: 4167
Incept: 2009-04-30
Green
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Quote:
Why is it that no one here ever says, after 5 days down you can get an amazing bounce?


Perhaps because it regained all five days of losses in one day?

It's just not normal for an index to swing 3+% percent in one day.
Debtisbadmmkay
Posts: 966
Incept: 2010-01-10
Green
California
Online
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I will echo Medicdan. The euro is down huge over the last 7 months. A couple hundred pip bounce is certainly normal. It's not like the bear market in the euro is over because of one tiny bounce. I expect more upside before heading back down.

EDIT: Seriously, look at the chart, lots of room for a pull back.
Inline

Theedge111
Posts: 6821
Incept: 2007-08-07
Green
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I sold 80% of my dollar long today. Expecting weakness over the next few months.


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P.J. O'Rourke, writing in "Eat The Rich" (1998), observed that: "Economics is an entire scientific discipline of not knowing what you're talking about." The only quibble may be with the "scientific" part.
Medicdan
Posts: 8127
Incept: 2010-02-11
Green
Scottsdale, AZ
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Corn wrote..
It's just not normal for an index to swing 3+% percent in one day.


According to who? What if it drops 3% in a day? Is that abnormal also? I'm not giving you a hard time but if your going to post what is not 'normal' please tell us how it isn't and what is and where this information has been hiding all this time.

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Arizona & desert gardening
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Ramthebulls
Posts: 10867
Incept: 2007-09-24
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Queens, NY
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Quote:
According to who? What if it drops 3% in a day? Is that abnormal also? I'm not giving you a hard time but if your going to post what is not 'normal' please tell us how it isn't and what is and where this information has been hiding all this time.


Ding. Ding. Ding. This move in the Euro is nothing ... it is still more than a thousand pips lower from a few months ago. But people like Corn desperately look for manipulation where there is none.

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Umbrage is like love. No matter how much someone takes, there's always more for you to give.
Corn1945
Posts: 4167
Incept: 2009-04-30
Green
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Didn't say it was manipulation buddy. Just said it's not normal for an index to swing 3%, 4% of 5% in one day.

Not sure what world you live in where that's OK.
Zarathustra
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Incept: 2009-04-29
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Funkytown
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inline

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"And in knowing that you know nothing, that makes you the smartest of all." - Socrates
Scrood
Posts: 4111
Incept: 2008-05-17
Green
There's Gold in Them Thar Hills!
Online
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Severe glaucoma patient?!?

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CTRL-GALT-DELETE
Medicdan
Posts: 8127
Incept: 2010-02-11
Green
Scottsdale, AZ
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I need that mask! lol

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Arizona & desert gardening
http://azediblegarden.com/
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