psyche doctor Posted March 2, 2009 Report Share Posted March 2, 2009 The euro was pretty much in a sideways range last night and right now is out of that range moving to the upside. Link to comment Share on other sites More sharing options...
juggler Posted March 2, 2009 Report Share Posted March 2, 2009 Pimco advising U.S. government http://finance.yahoo.com/news/Pimco-advisi...b-14507243.html Wolf guarding the sheep ... Maybe it should be PimPco ... :lol: Link to comment Share on other sites More sharing options...
deflationspiral Posted March 2, 2009 Report Share Posted March 2, 2009 Here's the 1929-32 dow weekly chart I'm following with fibonacci time in weeks Link to comment Share on other sites More sharing options...
Lemur Posted March 2, 2009 Report Share Posted March 2, 2009 More Buffet losing his touch.... http://www.independent.ie/business/world/b...ks-1658249.html "During 2008, I spent $244m for shares of two Irish banks that appeared cheap to me. At year end we wrote these holdings down to market: $27m, for an 89pc loss. Since then, the two stocks have declined even further," Mr Buffet confessed. Link to comment Share on other sites More sharing options...
psyche doctor Posted March 2, 2009 Report Share Posted March 2, 2009 Link to comment Share on other sites More sharing options...
Lemur Posted March 2, 2009 Report Share Posted March 2, 2009 The euro was pretty much in a sideways range last night and right now is out of that range moving to the upside. Bags of support on Euro in this area (daily chart) so its a 50:50 call. Link to comment Share on other sites More sharing options...
deflationspiral Posted March 2, 2009 Report Share Posted March 2, 2009 Here's the current dow chart in weekly terms. Following the 1929 timeframe, a bottom will occur somewhere between week 55 and 89 with around a 60% decline. That would put the dow somewhere around 5700. A bounce back to 7200(old support) would then be in store. Link to comment Share on other sites More sharing options...
DrStool Posted March 2, 2009 Report Share Posted March 2, 2009 Welcome deflationspiral! Great to have a new perspective on the longer term! Link to comment Share on other sites More sharing options...
deflationspiral Posted March 2, 2009 Report Share Posted March 2, 2009 Long term dow chart obviously at an important juncture. The uptrend line from the 1932 low is under 4k. The 61% retrace from the 1932 low is 5400. Link to comment Share on other sites More sharing options...
deflationspiral Posted March 2, 2009 Report Share Posted March 2, 2009 Welcome deflationspiral! Great to have a new perspective on the longer term! Thanks! Link to comment Share on other sites More sharing options...
BusKow Posted March 2, 2009 Report Share Posted March 2, 2009 Added a "#" to my 'too severe to project' projections...(makes me feel better when they don't match Doc's ) Link to comment Share on other sites More sharing options...
DrStool Posted March 2, 2009 Report Share Posted March 2, 2009 http://wallstreetexaminer.com/2009/03/02/p...ls-update-3209/ Link to comment Share on other sites More sharing options...
Cassiopeia Posted March 2, 2009 Report Share Posted March 2, 2009 I'll go first. Modify the day according to your preference. Link to comment Share on other sites More sharing options...
Jorma Posted March 2, 2009 Report Share Posted March 2, 2009 GS holds Friday opening spike low. Can they do a replay? Link to comment Share on other sites More sharing options...
DrStool Posted March 2, 2009 Report Share Posted March 2, 2009 spx 5 day cycle projection looks 718 Link to comment Share on other sites More sharing options...
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