alborz Posted April 28, 2004 Report Share Posted April 28, 2004 CAN$ is getting hit pretty hard, and although I expected some of this the quickness of the move and the velocity is taking me by surprise. From 1.30 to 1.36 is about a 4.5% move. I know B4 is bullish on CAN$ and WreckedHim (sp?) shared some info about the banker who talked :-) and saw US$/CAN$ @ .9. I'm just wondering if the sentiment is still the same. Obviously we're all responsible for our own biz decisions, but I do have a lot of respect for B4 and WH and many others on the board and would be interested in their prognosis for the CAN$. Thanks much. Link to comment Share on other sites More sharing options...
Guest Posted April 28, 2004 Report Share Posted April 28, 2004 Yobob: Whatever you do, don't switch to decaf! Love your stuff!!! Link to comment Share on other sites More sharing options...
The End Posted April 28, 2004 Report Share Posted April 28, 2004 Regarding the inverse H&S (tanks for the volume chart Darkdoc) I don't think it is one. I don't see how an inverse h&s pattern can be labelled as such at the top of a trend. I thought it was supposed to be a bullish reversal pattern. There is a larger, similar shape in play going back to the beginning of the year. Though either pattern could turn out to be bullish, I would be more inclined to label (in retrospect of course) them as generic consolidations, triangles, flats, or whatever. That is, if this doesn't turn out to be the mother of 3s It still could be. This is the count I posted on March 12th. I was off by a little on both wave one and two but, that should be expected. Down to 1096 for wave one up to 1137 for wave two Down to 1029 for wave three up to 1054 for wave four Down to 987 for wave five. Time frame 2-4 months. Link to comment Share on other sites More sharing options...
thesun Posted April 28, 2004 Report Share Posted April 28, 2004 Dick Hoey of Dreyfus on Crapvision just said: "I continue to believe it's time to sell the speculative stocks." That lying piece of shit has never said the word sell in his life...until right now that is. Expect soothing words from crapvision all the way to the bottom Wipe out the middle class is their mantra and will never change BOB pissalloverya was telling all the sheeple to quit getting so excited about the bond. Little damage when looking at its performance over the last year and congratulating the sheeple with their wise choice of going adjustable rate mortgages near all time record lows. Disgusting low life behavior UFBx1000 How did you get greensin's plan? Link to comment Share on other sites More sharing options...
flockofsheeples Posted April 28, 2004 Report Share Posted April 28, 2004 Down to 1029 for wave three would like to see it te...1025 is "max gain" on my s/peepee spreads. Link to comment Share on other sites More sharing options...
The End Posted April 28, 2004 Report Share Posted April 28, 2004 Down to 1029 for wave three would like to see it te...1025 is "max gain" on my s/peepee spreads. I was off by 1% on both wave one and two (if that's what they are). using 1029 with a 1% window. Link to comment Share on other sites More sharing options...
brian4 Posted April 28, 2004 Report Share Posted April 28, 2004 Alborz- the Canuck $ in my opinion is correcting-we have a Federal Election that is going to be called in the next two weeks-elections create uncertainty so I think the Loonie will tread water till the election is over. Long Term- we have record Drilling and Record prices for NG, no deficit and retail sales for for February were up 8.5% yr over yr. Link to comment Share on other sites More sharing options...
stained jeans Posted April 28, 2004 Report Share Posted April 28, 2004 Looking back at that volume chart. It looks rather odd. I don't know what that is, but it's not trading volume. Here's one... Now, someone pleae tell me where the freakin' H&S is. Give me a month/year for LS, H, and RS, please. Anyone... Link to comment Share on other sites More sharing options...
The End Posted April 28, 2004 Report Share Posted April 28, 2004 The claim is that in Feb. we did the left shoulder the head was done at the lows in March and the right shoulder was done last week and now. I doubt that is a H&S pattern. Link to comment Share on other sites More sharing options...
Madame Wrecked Him Posted April 28, 2004 Report Share Posted April 28, 2004 This is where I think they are, though as I said above, I'm not buying it: Link to comment Share on other sites More sharing options...
The End Posted April 28, 2004 Report Share Posted April 28, 2004 A little tid bit from Cliff "the end" Clavin. If the month of April closes lower in an election year, the incumbent LOSES the election. We closed March at 1126. Tell me the boyz won't be looking at that little bit of trivia and I got a bridge to sell ya. Link to comment Share on other sites More sharing options...
Guest Posted April 28, 2004 Report Share Posted April 28, 2004 A little tid bit from Cliff "the end" Clavin. If the month of April closes lower in an election year, the incumbent LOSES the election. We closed March at 1126. Tell me the boyz won't be looking at that little bit of trivia and I got a bridge to sell ya. ...and if it closes lwr than 12/31/2003 then he is TOAST Link to comment Share on other sites More sharing options...
The End Posted April 28, 2004 Report Share Posted April 28, 2004 BDK, I appreciate your thoughts concerning chart patterns. Right or wrong don't be afraid to post em here. I have been critisized alot over the last two years. :wink2: Link to comment Share on other sites More sharing options...
brian4 Posted April 28, 2004 Report Share Posted April 28, 2004 I agree Guys and Gals I can't buy that as inverse H&S! You know how Shrub likes to beat his chest "and the Armed Forces are the best equipped etc-" well we know the Marines don't have enough Ammo-now this-Dow Jones newswires-The Army is demanding the return of five Howitzers that two Sierra-Nevada ski-resorts use to prevent avalanches. Saying it needs the guns for fighting in Iraq and Afghanistan.The Armys Tank Automotive and Armaments Command at the Rock Island arsenal in Illinois needs the Howitzers back immediately. I need to have them in the Troops hands within 60 to 90 days said Don Bowen the Armys Commands team Leader "its a very short time to get them serviceable and back in the theatre." Mi-God what happens if a real War breaks out-sounds like the supply line is more than stretched doesn't it. Link to comment Share on other sites More sharing options...
Guest Posted April 28, 2004 Report Share Posted April 28, 2004 CLOSE OVER 1144 will confirm Inverse H&S imo but more likely is a touch of the uptrendline[touches march 03 low, Nov03 low & APRIL04 *TOP*] from 'underneath' That would target 1180 by very early May Link to comment Share on other sites More sharing options...
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