Kudos to MMs

[nitro]

"G20 summit agrees to reform IMF

Finance ministers from the G20 leading economies have agreed reforms of the International Monetary Fund, giving major developing nations more of a say...."

http://www.bbc.co.uk/news/business-11612701

This is potentially a seismic shift...

 

[ammo]

interesting

 

[nitro]

Quote from ammo:

interesting

All commodities basically have that chart. Look at the CRB Index.

http://www.barchart.com/charts/stocks/$CRB

 

[ammo]

Quote from nltro:

yes, correction is high probability but from ~1250 back to 1210. By the time its 1250, I believe you will have run out of margin call money.

a few res lines a long term tl has your 1250 on the blue line, we touched the blue line in apr at 1217

 

[ammo]

the fibs from late 07 high to early 09 low, we rallied back to the 61.8 line and dropped to the 38

 

[ammo]

there is an aug 08 and apr 10 high tl at 1189

 

[ammo]

ins ide the 1217 and 1010 low there is an odd w that holds 1194 as an 88 fib line, which in a w usually gets a wicked reversal, .... to summarize, we;ve already touched the 1250 res line in apr with the 1217 touch, we have the 08 to 10 res line coinciding with the 88 in a w fib line and if u had to make a bet here , would you buy or sell? 1189 or 1194 res, would you buy on a breakout ...toss in that nitro's rubberband is stretched to the breaking point...this has been a great indicator, thanks nitro for sharing it

 

[nitro]

S 1192 ESZ0, EANFV.

 

[Ghost of Cutten]

Quote from nitro:

This market should have dropped like a stone today, and it isn't.

The nice thing about the market not doing what it "should", is that it's often a great tell for what it will do next.

 

[Pekelo]

Quote from nitro:

1192

...and the pain continues... 2 months and no relief in sight....