jangseohee

Don't Cry For Me, Argentina

INDEX:MERV   Argentina Merval Index
355 15 6
90 degree uptrend line, marvelous!
I thought this country is still default right?


P.S. Dear Argentinian trader out there, i do not mean to offend, just ridicule by the parabolic ballistic price movement
Comment:
snapshot
stupid, en un mercado de bajos volumenes una sobrerreaccion genero ese salto
no hay ninguna manipulacion, nunca podes comparar los volumenes de dow-jones con el merval, you're an ignorant
Reply
Non taken.

PS: You're envious of our little market rally, aren't you? ;)
+2 Reply
Buenos Dias Amigo, yes dead envious i want to migrate to Buenos Aires! ;-)
+1 Reply
IvanLabrie PRO jangseohee
Haha...come, we got choripanes and milanesas napolitanas at least.

On a more serious note, I've done some analysis on the daily and could find specific targets that were met in time for this decline, so I think it's more or less making sense.

Most of the price fluctuations in the local market are super manipulated though, and depend on the unofficial USDARS rates. (capital leak is of major importance...big players buy stock/bonds, sell in the US for dollars and get the cash back to then sell for the unofficial USD rate, and make back the spread which is around 7-8% in general)

Official usdars rates are 100% manipulated, and show a ballistic uptrend like this but worse. ARS weakness, naturally.
+1 Reply
jangseohee IvanLabrie
True, only with manipulation we will get to see ballistic movement
Reply
IvanLabrie PRO jangseohee
You can slap some crucial fundamental related dates on these and they start coming to life.
I would never trade these instruments honestly...
Reply
IvanLabrie PRO IvanLabrie
Forex, the most cutthroat of the cutthroat markets out there makes more sense than any argentinian chart :p
Reply
jangseohee IvanLabrie
LOL, well the cutthroat market has almost 5.3 trillions transacted daily Amigo
Reply
IvanLabrie PRO jangseohee
Yeah, but we get to see half the story...interbank being the real deal.
Reply
jangseohee IvanLabrie
well, in this situation i will only short for market top!
+1 Reply
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