Who the hell are you to tell me they are of no value? You simply don't want to hear the facts (just like those who bought at the top in 2000). And you certainly don't want to hear that neke's strategy will not work over the long term. It's a mathematical certainty. Go to collective2.com and look...
Nobody who survives the markets over the long term picks bottoms. Why do you think that is?
(Btw, candlestick patterns mean zippo during highly volatile times.)
For those that didn't noticed, yesterday's break of 8000 also marked a break of the 50.0 Fib level drawn from 1987 to the 2007 top. We have much further to go down...
Incorrect. The RBNZ tried to weaken its own currency in 2007 and failed to do so. CBs can't always successfully debase their currency (especially during a credit crunch).
It depends. If the intervention fails, then the move will be short term, however, if it can cause a change in sentiment, then it can be the spark that changes the long term trend. The trick is to get enough hedge funds to jump on the new trend. However, any CB's reserves are not sufficient to...
Correct, sir!
It was a slow death of around 100 years I'd say 380 - 480 AD. One could argue the range. Even after, its influence on European culture is still felt today.
I wouldn't worry about the USD I'd worry about the EUR, AUD, NZD, etc surving this crisis. The CAD basically crashed vs. the USD by 20% in one month. The more the USD strengthens the more of these "when will the USD collapse" threads keep poping up. I don't get it!!!
And even if it doesn't...
Unfortunately, I agree and I think were are in for it: BIG TIME. Next target on the SP500 is 4000.
As for gold, don't forget that it is also viewed as a safe-haven, so that's why silver has tanked and not gold.
Well, a well-executed intervention by a CB can work, but I remember the New Zeland CB trying to depress its own currency and failing in 07. However, they can certainly cause rallies of several 100 pips even if they fail to stop a long term trend. But no, even 1 billion gets absorbed into the...
Euro supply doesnt increase...???
Um, you might want to look at some charts. Euro supply increased as much as USD supply from '98 to now. You need a clue (badly).