ES Journal Archive (2009 - 2010)

[ammo]

heres another divergence, trans up $1 ,dow up $135,another note is ,when tops are ending we get a lot of zig zag ,whipsaw, violent moves,its possible we are topping here

 

[ammo]

whose a candle trader here, a doji that opens and closes near the top of the bar?

 

[ammo]

Quote from ammo:

add sh 89, avg 85, , if top here we pull back to 82 ledge, if that doesnt hold, 77/78 nip....add 91.5, eddit avg 86+

add 94.5, avg 89, tl from 10/07 es high is 1096, 89 bid for reduction

 

[ammo]

redrew that descending tl and it comes in at 1110, the 2 price levels are 1098 and 1102

 

[Lawrence Chan]

Quote from JSSPMK:

Another major sell off might turn out to be a big problem, they don't want it to happen, it is clear. I am betting on the Qs to go down, I have no idea whether sell off will be controlled or more panic selling, all I know is that the Weekly chart is too overextended & histo is almost at centreline - it is a mother of all slants. Mind you oil recently had a similar one which got negated.

I agree with LC that the only thing they can have up their sleeve is to trash USD even lower, 71? Why not? It does look weak. It's a boil in the bag, that's what it is. What are they trying to prove, that buy & hold does work after all? Not even funny.

Social unrest already happened around the world due to this USD devaluation. That can lead to war in the old days.

Nowadays, a economic war is more likely. Driving countries around the world to go against itself is not very smart.

Last time I checked, after ANY currency crash, the related stock mkt follows. So it is delayed, but not avoided.

 

[JSSPMK]

Quote from Lawrence Chan:

Social unrest already happened around the world due to this USD devaluation. That can lead to war in the old days.

Nowadays, a economic war is more likely. Driving countries around the world to go against itself is not very smart.

Last time I checked, after ANY currency crash, the related stock mkt follows. So it is delayed, but not avoided.

In which case Gold's strength is to do with a possibility of currencies crisis, not just USD weakness.

 

[Lawrence Chan]

EURUSD play again.

It is in a rising wedge. Last try failed to break the uptrend line below.

Would that be broken today?

p.s. last friday no one dare to ruin the party ...

 

[JSSPMK]

Quote from Lawrence Chan:

EURUSD play again.

It is in a rising wedge. Last try failed to break the uptrend line below.

Would that be broken today?

p.s. last friday no one dare to ruin the party ...

Than again it could an ascending triangle

 

[Lawrence Chan]

Quote from JSSPMK:

In which case Gold's strength is to do with a possibility of currencies crisis, not just USD weakness.

Wild dreams , if huge holders of US treasuries,

1. buy gold, physical and futures, production companies generating REAL profits, companies holding HARD assets using US bonds as as payment, so the toilet papers are used to exchange for something that has clear value.

2. the paying price is locked in with a bond to cash swap upon completion of the transactions so no unexpectancy

3. once you accumulative enough worldwide real value in reserve, call the bluff by demanding international payments in your own currencies

Short of immediately declaring WW3, US and most western European countries will be forced to give in. Thus complete reverse flow of money.

Yes to hyperinflation to some countries, but not the one controlling the currency flow.

 

[Lawrence Chan]

Quote from JSSPMK:

Than again it could an ascending triangle

Watching it for clues ...

I am clueness at the moment. =)