crooked_analyst Posted July 27, 2003 Report Share Posted July 27, 2003 Futures are open and they're already partying....999.40 Link to comment Share on other sites More sharing options...
Goldmember Posted July 27, 2003 Report Share Posted July 27, 2003 The simplest form of TA is range breakout. Despite all the opposing views, there's nearly a consensus on the range for the S&P: 962 low and 1015 high. One of these days the S&P will break out of that range. It could be a fake-out. But the First Commandment of TA ("Follow the trend") would tell you to hang the black crepe below 962, and borrow a pair of horns above 1015. Stoolville will divide into two groups. Those who say "here's my strategy for taking advantage of, or coping with, the breakout;" and those who respond with "my clairvoyant prediction of XXX level by XX-XX-XX date still holds. Tighten your blindfolds and march resolutely, o ye faithful!" (Pile's post, of course, is in the former group. He's thinking ahead and has a strategy for the contingency.) ......but watch for a coincidental news is noise moment at 1018.89.... ......either way. ....whether it gets there or not? Link to comment Share on other sites More sharing options...
BAREister Posted July 27, 2003 Report Share Posted July 27, 2003 Allegedly, at one point in the 20th Century, right beFUR WWII? the Swiss had hundreds of thousands of FUReign workers in the country, and gave them all the boot all at once. The notion that Switzerland had any role in the FURmation of our democratic republic is misguided. Link to comment Share on other sites More sharing options...
Guest Icky Twerp Posted July 27, 2003 Report Share Posted July 27, 2003 From Drudge: Crapvision MONEY HONEY BARTIROMO UNDER FIRE FOR STOCK HOLDINGS... DEVELOPING... Oh! I was flipping around my cable channels with this in the back of my head, and all of a sudden I had an image of All the Crapvision honeys in a Prison Movie. Oh, gee, impure thoughts...must...concentrate... on ... technicals.... Link to comment Share on other sites More sharing options...
machinehead Posted July 27, 2003 Report Share Posted July 27, 2003 The notion that Switzerland had any role in the FURmation of our democratic republic is misguided. Excerpts from the correspondence of Thomas Jefferson: "Indeed, it must be acknowledged, that the term republic is of very vague application in every language. Witness the self-styled republics of Holland, Switzerland, Genoa, Venice, Poland. Were I to assign to this term a precise and definite idea, I would say, purely and simply, it means a government by its citizens in mass, acting directly and personally, according to rules established by the majority; and that every other government is more or less republican, in proportion as it has in its composition more or less of this ingredient of the direct action of the citizens." Jefferson - Republics, Forms Of The Swiss Republic having existed since the 1300s, it most certainly was known to and considered by the Founders. Link to comment Share on other sites More sharing options...
coboy Posted July 27, 2003 Report Share Posted July 27, 2003 General is turning back up again.. It's completely ridiculous but that's the way it is.. A very simple MACD crossover system would have made oneself rich, but who followed Oh my aching head.. Link to comment Share on other sites More sharing options...
Guest Posted July 27, 2003 Report Share Posted July 27, 2003 Durban Roodepoort Deep, the marginal producer, is still deadlocked in its wage talks with the NUM; it has offered increases of between 2 percent and 4 percent. Relations with the NUM soured earlier when DRD threatened the closure of its biggest operating division after it sustained heavy losses. The North West business unit employs 13,000 workers. AngloGold, Harmony Gold and Gold Fields reached settlement, Drooy still in negotiations. PDG settled a couple weeks ago....... Pros: No strike. Good climate all year unlike the conditions for Russian gold miners. :grin: Cons: A strong Rand (trading @ 7.42 just off multiyear lows). Low is strong in the case of the Rand. The management caved and agreed to 10% (2% above inflation) + improvement in housing etc. Anglogold is least affected of the three major SA miners due to its diversification in production areas. Harmony feels the effects of a strong Rand the most as most of their production is in South Africa. Goldfield is in between and regarding Drooy I wouldn't even bother before gold is over $400/oz. Link to comment Share on other sites More sharing options...
DrStool Posted July 27, 2003 Report Share Posted July 27, 2003 Of course Hitler didn't invade Switzerland. They were his bankers and money launderers. Link to comment Share on other sites More sharing options...
crooked_analyst Posted July 27, 2003 Report Share Posted July 27, 2003 Opening Shot at Gold...-$1.00 Link to comment Share on other sites More sharing options...
summoner Posted July 27, 2003 Report Share Posted July 27, 2003 Currently flat except for my miners .....made some serious coin last week....going to see how things play out...in Dabulls favor ascending triangle and reverse H$S on the charts, not to mention the PPT and "SADAMN capture". In dabears corner ...sentiment , bubblemania 2, and funnymentals...this week should tell the story...will break one way from this rangebound territory...wont be chasing any screamers but will be waiting to pounce on new shorts/ puts @ 1010 and 1015 if we get there...if so it will be soon next 1-2 days, of course we could tank straight out of the box tomorrow catching everyone off guard. Gonna be an interesting week...lots of cycles pointing toward an early aug low! TRADE SAFE! Link to comment Share on other sites More sharing options...
Guest Posted July 27, 2003 Report Share Posted July 27, 2003 Opening Shot at Gold...-$1.00 I wouldn't worry about it at all... Look @ the chart... It's flawless. Link to comment Share on other sites More sharing options...
Hypertiger Posted July 28, 2003 Report Share Posted July 28, 2003 Millions, Billions, and Trillions Link to comment Share on other sites More sharing options...
PileDriver Posted July 28, 2003 Report Share Posted July 28, 2003 buying CBJ soon on HUI softness. Has a very good chance to go up 50%+ even if gold is flat to down Link to comment Share on other sites More sharing options...
No Einstein Posted July 28, 2003 Report Share Posted July 28, 2003 Millions, Billions, and Trillions Excellent HT, a great demo Link to comment Share on other sites More sharing options...
chibear Posted July 28, 2003 Report Share Posted July 28, 2003 machinehead wrote: "The current situation, where the out months are discounted, is unusual. (Thanks to The End for pointing that out.) But is it a buy signal? Implicitly, the discount tells you that the S&P's dividend yield is relatively high compared to short-term interest rates, which is a possible indication that stocks offer relative value compared to T-bills." Thanks for the rest of your excellent analysis, which I didn't re-copy here but did copy the above by way of asking the following: In commodity futures, a market going inverse is almost always bullish. Indicates a shortage of the commodity, requiring users to pay up for nearby contracts to cover current requirements. Do you see any correlation to the current S&P inversion? Link to comment Share on other sites More sharing options...
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