aussiebear Posted December 6, 2012 Report Share Posted December 6, 2012 http://www.engrish.com/2011/08/ovine-off-the-vine/ Found in Asakusa, Tokyo. Link to comment Share on other sites More sharing options...
aussiebear Posted December 6, 2012 Author Report Share Posted December 6, 2012 A downward trend for the early openers: Kiwis flat, Aussies -0.3%, Nikkers +0.7% and Sth Korea +0.2%. In Aussie sectors, Gold still sliding, -1.3% with Miners +0.3% the chief green. Link to comment Share on other sites More sharing options...
aussiebear Posted December 6, 2012 Author Report Share Posted December 6, 2012 http://finance.yahoo...lindices?e=asia Link to comment Share on other sites More sharing options...
aussiebear Posted December 6, 2012 Author Report Share Posted December 6, 2012 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/ Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 6, 2012 Report Share Posted December 6, 2012 Responding back to what GameOver said. If you take a look at the 2007-2009 consolidation, the tail end of that move was EXACTLY what is happening now. The last move up caused Gold to be overbought but it did NOT take out the prior high. The hourly uptrend broke shortly after.... Did Gold collapse? See chart. If one would had used the exact same parameter as a reason to EXIT and go SHORT expecting a complete meltdown, they would had ended up in the poor house 6-8 months later. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 6, 2012 Report Share Posted December 6, 2012 Here's the result of the 2007-2009 consolidation. Link to comment Share on other sites More sharing options...
Trader Joe Posted December 6, 2012 Report Share Posted December 6, 2012 That's Madness !!! Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 6, 2012 Report Share Posted December 6, 2012 Here's current... Price action looks almost identical.. Setup and repeated price action are a thing of beauty in the stock market. Will it happen again? Who knows, but the setup is there. Your stop? Below the 200 DMA. There's no reason we should get a close below that if it continues to sing the same song. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 6, 2012 Report Share Posted December 6, 2012 Here's current... Price action looks almost identical.. Setup and repeated price action are a thing of beauty in the stock market. Will it happen again? Who knows, but the setup is there. Your stop? Below the 200 DMA. There's no reason we should get a close below that if it continues to sing the same song. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 6, 2012 Report Share Posted December 6, 2012 If you are a conservative investor/trader, you might want to wait for a daily close above the 50 DMA and really work the stop by being long above the 50 and flat below it. That's it for the night... Trade safe. Link to comment Share on other sites More sharing options...
Trader Joe Posted December 6, 2012 Report Share Posted December 6, 2012 Here's current... Price action looks almost identical.. Setup and repeated price action are a thing of beauty in the stock market. Will it happen again? Who knows, but the setup is there. Your stop? Below the 200 DMA. There's no reason we should get a close below that if it continues to sing the same song. For what it's worth I've been hearing a lot about "1680" being da numba It would be curious if that got tagged....panicked the weak hands out,,,right to about your stop ...and then Whooosh! Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 6, 2012 Report Share Posted December 6, 2012 For what it's worth I've been hearing a lot about "1680" being da numba It would be curious if that got tagged....panicked the weak hands out,,,right to about your stop ...and then Whooosh! Came close today at 1686... Let's see what tomorrow bring. Link to comment Share on other sites More sharing options...
summoner Posted December 6, 2012 Report Share Posted December 6, 2012 Gold/silver bull has a long way to go. Most long term posters here know I took a very significant position in both metals tween 1998 -2000. Sitting on enormous paper profits. Have not sold an ounce. Fundamentals now from a supply demand standpoint and from a fiat debasement perspective have never been better. Looking for 300-500% moves from here before the secular bull is over. Corrections don t even register on my radar, don t trade the bull ride it for as long as you can. Huge shakeout is possible but every attempt to manipulate this thing lower thru futures has been met with bulk central bank and sovereign buying. Basel 3 is huge. Last year of consolidation should be big springboard for next move higher.....trade safe Link to comment Share on other sites More sharing options...
aussiebear Posted December 6, 2012 Author Report Share Posted December 6, 2012 Dame Elisabeth Murdoch, whose philanthropy and charity work saw her become a widely respected and much-loved public figure, has died peacefully at her home near Melbourne aged 103. She gave her name, influence and money to more than 100 Australian charities and organisations, and contributed millions of dollars to sick children, the arts, academia, medical research, the environment, and social welfare. This morning Rupert Murdoch said his mother would be missed by thousands of Australians whose lives she had touched. http://www.abc.net.au/news/2012-12-06/dame-elisabeth-murdoch-dead-at-103/4411542 Link to comment Share on other sites More sharing options...
aussiebear Posted December 6, 2012 Author Report Share Posted December 6, 2012 All Ords spent another day of going nowhere in particular. The index closed -0.3% led by Gold -1.3%, Energy -1% and Consumer Discretionary -0.9%. Generally down in Asia: China -0.5%, Honkers -0.1%, India -0.8% and Nikkers +0.6%. On to UK/Europe: Link to comment Share on other sites More sharing options...
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