K Wave Rider Posted September 28, 2009 Report Share Posted September 28, 2009 Euro consolidating below 200 hour...would not be surprised to see something along these lines play out... 15 min also consolidating below 900 with 200 just about to cross over.... How'd I Do? Anyone else sell the opening pop over 1.47? The ARE times when ya just kinda know what's coming, and this time it was a big ol' hangin' curve in the wheel house... Link to comment Share on other sites More sharing options...
K Wave Rider Posted September 28, 2009 Report Share Posted September 28, 2009 NZD at last line before rising wedgie busts in a potentially big way....that breakout/fakeout earlier this eve looks a bit ominous... Link to comment Share on other sites More sharing options...
K Wave Rider Posted September 28, 2009 Report Share Posted September 28, 2009 If this gets up a head of steam tonight, may gap Friday's lows on fraudexes...right at the lows now Link to comment Share on other sites More sharing options...
K Wave Rider Posted September 28, 2009 Report Share Posted September 28, 2009 EUR/JPY still getting trashed... 4 hour chart suggests this break may be very important..... Link to comment Share on other sites More sharing options...
K Wave Rider Posted September 28, 2009 Report Share Posted September 28, 2009 EUR/JPY still getting trashed... 4 hour chart suggests this break may be very important..... But....we are taggin 200 day, so bounce is very possible in this area....if we also bust the 200, we will be in nuthin' but air territory... Link to comment Share on other sites More sharing options...
Speakeasy Posted September 28, 2009 Report Share Posted September 28, 2009 How'd I Do? Anyone else sell the opening pop over 1.47? The ARE times when ya just kinda know what's coming, and this time it was a big ol' hangin' curve in the wheel house... Did I mention how nice it was to see your avatar on the board again? :wink2: Just dinking around tonite, these look like a good test of the long and short of it. I've been waiting for this time and I hope your fractals this weekend are on the money. We need it, I need it, and, as shorty has said, they need it. Link to comment Share on other sites More sharing options...
K Wave Rider Posted September 28, 2009 Report Share Posted September 28, 2009 Euro just tagged 20 day near 1.4570, so lightened the load from 1.47+....see if it bounces here or not...could be big tell.... Link to comment Share on other sites More sharing options...
summoner Posted September 28, 2009 Report Share Posted September 28, 2009 Got a load of euros off at 147 and change.....covered at prior support 146.26. Still a huge score Link to comment Share on other sites More sharing options...
psyche doctor Posted September 28, 2009 Report Share Posted September 28, 2009 Euro just tagged 20 day near 1.4570, so lightened the load from 1.47+....see if it bounces here or not...could be big tell.... Missed the opening move with the thrust over 1.47. Got a dong off near the lows, but not looking for much. Link to comment Share on other sites More sharing options...
DrStool Posted September 28, 2009 Author Report Share Posted September 28, 2009 Cycles Reach an Extreme- Professional Edition by Lee Adler, Sunday, September 27, 2009, in Money and The Fed, Professional Edition | Permalink |Comments (0) Edit Cycle based stock screening data weakened across the board on Friday. Most measures were also weaker than they were at the early September lows. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information. Link to comment Share on other sites More sharing options...
T_Slim Posted September 28, 2009 Report Share Posted September 28, 2009 But....we are taggin 200 day, so bounce is very possible in this area....if we also bust the 200, we will be in nuthin' but air territory... Yen crosses have fallen off a cliff. I have been waiting on this move for weeks. You come back and things start to fall into place. Don't ever leave again! Link to comment Share on other sites More sharing options...
Rationalize Posted September 28, 2009 Report Share Posted September 28, 2009 I agree. I think that futures/derivatives are driving the stock market indices and the price of other commodities like gold, oil, beans, etc. But I suggest that the vast majority of people do not understand the power of what you are saying. This is in large part, I believe, due to ordinary people not understanding the difference in accounting treatments between derivatives and the underlying security.... Much more simple than that. If a "big buyer" is buying index futures, then I as a fund manager can buy a sheet load of equities, and at the same time reduce my exposure by hedging through selling futures to the "big buyer". Net net, the merkit goes up, and the "buy buyer" of futures holds the bag. I as the fumble manager have little risk, and continue to charge fees on FUM. Thanks uncle Ben. Link to comment Share on other sites More sharing options...
Rationalize Posted September 28, 2009 Report Share Posted September 28, 2009 I would just differ in that I think the intraday noise is anything but random. It is carefully designed and executed to separate you from your money. The market is never random. That's my view, anyway. Agreed. Currencies, commodities, futures based merkits .. For anything that trades near 24 hours / day, I'd say that the patterns look identical in all tick timeframes. [Not time based timeframes]. For individual equities -- not so sure. Opening gaps are a biatch. But WTFDIK. Link to comment Share on other sites More sharing options...
Rationalize Posted September 28, 2009 Report Share Posted September 28, 2009 US mortgages have recourse. But it's not feasible to litigate and enforce. I'm not familiar with the details of the Canadian bubble. But they sure ain't running out of land up here. And the little town where I live for half the year may be the cheapest place in North America that is at all desirable. $350K will buy you a mansion with a view. http://www.remax-quebec.com/fr/MLSRedirect.rmx?sia=MA8169917 Recourse here in Australia too. I spent a little time in a reamtail collections area. “Fascinating” area. Most troubles then [2005] were due to ppl getting seriously ill, and falling behind… Basically, at 90 days things get ugly for all involved. If it’s a short sale, the borrower generally will declare bankruptcy. Done deal. Link to comment Share on other sites More sharing options...
shorty Posted September 28, 2009 Report Share Posted September 28, 2009 Shorty, it is very, very hard for me to imagine anything that could so move the masses to action to leave the public feeding trough. huh? wha? where my remote? what time big game on? we gotta nuf beers? hey who ate all the damn chips? Pfffffzzzchitzzzzsqueeeeblublubsplat.......ahhhhh....... whoooo baby! turn the fan on honey! Link to comment Share on other sites More sharing options...
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