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What I hear is that folks are pissed off at the Fed for their loose money policy...resulting in the current liquidity bubble, and are trying to play it conservative. Last time everyone was expecting a 50 bp but only got 25. Again, anything can happen.

I agree that oil will go way down in a recession. However, am not sure I agree with you on the usd. Have followed it for many years, this is the first time I have heard such negative sentiment....the whole world is suddenly bearish usd....all the bad news is out. That is usually when the...

I can't help thinking that China will implode, as well. Superfast growth has its drawbacks. Yes, the Japanese went through it. They are very restrained, and well educated, and ofcourse, real estate can't go down! Wealth continues to move west. Cheap labour has made China what it is. As...

This is very enlightening to read. Personally, I think there is money to be made from war, and that is the main reason for all this fighting. Eisenhower before he left office warned about the creeping militarism....in the movies, all you see to day is violence, same with games our kids play...

The descriptive language makes me blush :eek:

I saw a chart showing the EU topping out vs the USD. We might get one more bottom of the USD, but for the short term, I would bet on euro/usd down

Learning something completely different....languages, new types of music, probably any new experiences....?yoga

When it comes to commodities, I am not married to one side or the other...I trade what I see.

Gold recently dropped from $850 to $775...hardly a $20 move. China's economy is dependent on the US market...it is still the largest market in the world. Historically, gold has moved up when interest have also moved up, not down.

The Fed lowering interest rates has not always resulted in a bullish markets...check out market history...many examples of fed pumping money...with no rallies. I remember the Savings and Loan debacle..am still not over the fact that the US dollar was able to rally out of that one. Very...

With bullish sentiment 90% "and all this good news" perhaps we are not the first to know...again, I see extreme bullishness and overbought conditions.

I was a gold bull over about 20 years...very painful times. I also was convinced gold would be worth $1,200. It still may, but with a deflation lurking about, I tend to see all asset classes in decline as a result of the massive credit bubble which has inflated everything...I'm not a fan of...

Count me in :)

With sentiment in gold starting to shift to an extreme, I'm starting to sniff around for a small contrarian play.:)

Made a tidy little sum to day on my long. Gold might continue up, but who knows? I'm happy right now with consistent profits.

Gann stated that price and time were the same, but that ultimately time was more important. Sounds circular, I know. EW uses time, but only to a small extent. Two good books: The Wave Principle, Pretcher and Frost. Smarter Starter Pack, D. Bowden.

Your reply is abit late...I am a short term trader. Went short when the usd capitulated, held til the current uptrend was over and am now long. Interesting you state that volume has nothing to do with EW since volume is very important in EW and Gann. Adwebster, you are clearly out of...

Kiwi, WOW!!! Thank you for sharing this with us. I remember reading in Market Wizards that the best trading was accomplished when traders were able to focus solely on trading. I have been very disheartened to hear people say again and again it is all about the money that you...

If prices, time and cycles are clearly discernable how can one state that markets are random? Wouldn't this also negate the whole concept of TA? Certainly, the markets can do anything at any time...but patterns are also clearly present.

check out: elliottwave international...they have free education. I am by no means an expert of EW, but it sounds as though you are way off.