SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Bill Wexler's Trading Cabana
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Wexler who wrote (4299)10/7/2008 11:53:30 PM
From: RockyBalboa1 Recommendation  Read Replies (2) of 6370
 
China... becomes an even more compelling buy. But before, a bottom has to be found. Australia retesting bottoms even after the rate cut (hint: the cut won´t have a lasting effect in the US as well, Australia a good test). Hongkong and Mainland go down 5.5 and 7.9% to fresh lows. The HSCE just undercut its previous low from Sept 15 and it is not that oversold.

Australia was particularly interesting. After opening -7% it recovered a lot, leading to a situation where only few would sell or short into. Not today. Someone (the Australian PPT?) was eating like 5000 contracts or so at todays high, and not moving an inch, but then selling took over. Possibly retesting lows.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News