that he'll step down as Labour leader by Sept, Lib Dems to begin negotiations with Labour. Market doesn't like that one little bit, pound dumps 120 pips...

"The short-term, perhaps very short-term, disaster scenario is now off the table for EMU, and who knows, the short covering in the Euro and related assets may run a little while longer.

The long-term disaster scenario, however, is now guaranteed. 

Despite all the bluster, given there is now a buyer in the market of an unlimited amount of European sovereign debt, there is no incentive for any European sovereign to follow through with their fiscal austerity programs."

SEN TED KAUFMAN: HIGH FREQUENCY TRADING APPEARS TO HAVE PLAYED A ROLE IN STOCK MARKET GYRATIONS TODAY

SEN TED KAUFMAN: "POTENTIAL FOR GIANT HIGH-SPEED COMPUTERS TO GENERATE FALSE TRADES, CREATE MARKET CHAOS REARED ITS HEAD AGAIN TODAY"

SEN TED KAUFMAN: BATTLE OF ALGORITHMS IS NOT UNDERSTOOD BY SEC, NOR IS IT TRANSPARENT TO SEC

SEN TED KAUFMAN: ALGO TRADING MUST BE CAREFULLY REVIEWED AND PLACED WITHIN MEANINGFUL REGULATORY FRAMEWORK SOON

NYSE EURONEXT CEO SAYS MANY TRADES OF PLUNGING STOCKS DURING AFTERNOON SELL-OFF DID NOT OCCUR ON THE NYSE

What happens is that some of the "clever" investment banks trade off the NYSE so that they can avoid the circuit breakers that kick in on a major down move. These are electronic trades, no human involvement. What happened is that as the circuit breakers hit some of these trades got shunted onto these alternate trading platforms which had almost no volume hence the crazy prices. 

This will not end well

 take a look at the euro... This is serious!

Someone just pointed out to me that there's a nice gap waiting to be filled on the GS daily chart at about $112 - LOL!!!

just says they're investigating the possibility thereof.

Does anyone here have experience of Dynamic Trend Profile software from Equis? All comments would be appreciated!

Does anyone have any experience of Dynamic Trend Profile software from Equis? I was asked about this and would appreciate your comments. Thanks in advance!

surging... any news?

I always enjoy reading your thoughts and analyses - they make a lot of sense. Thanks, and keep 'em coming!

something's gotta give...soon.

I realize that most folks here are concerned with US markets, but I'd still like to throw this in here, hoping for comments, so please indulge me:

Rumour has it that BBC news teams have been told not to travel this weekend, as they might be called in to cover the announcement of the election date (rumoured - once again - to be 25 March). Now what might Brown do, desperate as he is, to get quick, short-term economic results, and how might that impact on Cable?

excellent work so far... keep the "guesses" coming, please!

ended almost exactly at 61.8% fib

LOL!!! Great comment!

As always, your post is sensible and considered. I fully agree with you. I want to make it quite clear to everyone that my objection was NOT specifically to the opinion expressed by duesy, but to the fact that a politically provocative statement was being made. It doesn't make a difference whether it's left-wing or right-wing, conservative or liberal or whatever, I simply don't need to have the opinions of others foisted upon me... I similarly do not care to know whether anyone here is of the opinion that Chardonnay is viniculturally superior to Sauvingnon Blanc, or the other way around!

Information about political events that have an influence on the markets is a different matter altogether. For me as a European it is very useful to get an insight from the North American members here, and perhaps I can from time to time give you guys a bit of information from Germany that might be helpful.

Good trading, everybody!

Your responses have been noted, and I shall reply to you by private message in due course.

But Joe, an argument along the lines of "you use the word political in it" is simply not worthy of an adult, let alone one of your undoubted intelligence - and I mean this very sincerely: I have great respect for your experience and market knowledge, and I appreciate your posts in this forum!

Have a good weekend all.

I don't like the post and I shan't move on, because I've paid to be a recipient of technical analysis and a participant in a forum dedicated to trading the stock market.

Until recently we had one particular member here who would not desist from posting his often vitriolic political opinions to the annoyance of most of us. Eventually Matt and/or Steve deleted his posts and the poster left the blog in a self-righteous huff. Good riddance to him!

I for one have no desire to see this  forum cluttered with irrelevant rantings that bear no relevance to trading. Perhaps I am alone, perhaps others will agree with me. It is your inalienable right to have your opinion, but the rest of the world does not need to have it foisted upon it.

Move on.

never broke the trendline.