aussiebear Posted November 11, 2011 Report Posted November 11, 2011 Minimal upside for the early openers: Kiwis, Aussies and Nikkers +0.1%, Sth Korea +1%. REITS +1.4% is the main upward mover in Aussie sectors with Gold -0.8% at the other end.
aussiebear Posted November 11, 2011 Author Report Posted November 11, 2011 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted November 11, 2011 Author Report Posted November 11, 2011 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/
aussiebear Posted November 11, 2011 Author Report Posted November 11, 2011 Going for the bounce: All Ords +1.2% with REITS +1.7% leading followed by Energy +1.6%. Gold came off the low to close +0.9%. Over in Asia, India -1.4% but the others up: China +0.5%, Honkers +1.1% and Nikkers +0.3%. On to UK/Europe:
Jetlag Posted November 11, 2011 Report Posted November 11, 2011 " Paying JP Morgan with an Iowa farmer's money is not only morally and legally wrong, it risks the future of the American economic model. Who would want to hold a commodities account in the United States ever again? Considering the MF Global's clients have no representation on the creditors committee, but the big banks do (like JP Morgan and Bank of America), that is exactly what will happen without intervention." Here, I can link tonight's Reuter's article on the subject: http://www.reuters.com/article/2011/11/11/us-mfglobal-cftc-investigation-idUSTRE7A96C420111111 I hope the good guys at MF Global get the message out and prevent this.
DrStool Posted November 11, 2011 Report Posted November 11, 2011 Doc - I be konfoozed. The two moving average envelope bands on your charts in the updates are color coded. You mention 2 day and 5 day. From your descriptions of upswings and downswings I feel I am wrongly inferring that the red is 5 day and blue is 2 day although, from appearances, the blue has a longer periodicity. Yes, the blue is the longer period, nominally 5 days, and red is shorter, nominally 2 days. Cycles vary in length. The names are not periods carved in stone. There's also a 3 day cycle but I want to keep it simple in these examples. Normally the indicators for a 2 day cycle work just fine for a 3 day duration. A 5 day cycle can be a pair of 2s, a 2 and a 3, or 2 3s, or a jumbled mess depending on impetus, outside influences, bigger trend influences, noise etc. Hurst said that cycles only account for 22% of price motion, but he was only looking at daily and weekly charts and much longer time frames. In the case of intraday charts, I think cyclicality plays a much more significant role. Yesterday I added an oscillator to more or less represent the 5 day cycle the Mom 100.
DrStool Posted November 11, 2011 Report Posted November 11, 2011 Precious Metals Update and Price Projections 11/11/11
Pretzel Logic Posted November 11, 2011 Report Posted November 11, 2011 I know a lot of folks here follow Crude Oil. I just posted a super quick update on it at the blaaawg. If my preferred count is correct, crude is within $2.00 of a significant top. The blog article also has a 60-minute chart with ST Elliott count as well. http://PretzelCharts.blogspot.com
DrStool Posted November 11, 2011 Report Posted November 11, 2011 Based on the chart of the cash market at yesterday's close and factoring in this morning's spoo action, the 2 day cycle projection on the SPX looks to be around 1255.
BreakOut Posted November 11, 2011 Report Posted November 11, 2011 I know a lot of folks here follow Crude Oil. I just posted a super quick update on it at the blaaawg. If my preferred count is correct, crude is within $2.00 of a significant top. The blog article also has a 60-minute chart with ST Elliott count as well. http://PretzelCharts.blogspot.com You Da Man! (Among a few others)
Thales Posted November 11, 2011 Report Posted November 11, 2011 Quick question for the big brains on here. I pulled out my 401k in mid may. I dumped everything in Fidelity Money Martket fund at that time. Since then I have researched their exposure and there is a substantial percentage exposure to Europe and other investments I deem to risky for a .01% on my investment. Now this might show my Naivete but I am looking at dumping everything into the Vanguard TOT Bd Mkt INST fund. Which Is about 84% treasuries, 9% Foreign Bonds(eek!), and the rest cash/small stuff. I know Doc's Underlying assertion that Trasheries are headed for a reversal. How would this affect the performance of this fund? Would the pricipal go down? Is this even a safer investment than the Fidelity Money Market? I've asked others this question but I thought I'd get a response from people just "Crazy" enough to think that the market might not continue higher forever. Thanks in advance for your help!
Rorschach Posted November 11, 2011 Report Posted November 11, 2011 Based on the chart of the cash market at yesterday's close and factoring in this morning's spoo action, the 2 day cycle projection on the SPX looks to be around 1255. Looks like it's all over for the bear campaign for now. All is good, keep kicking that can and buy the crap out of stocks.
Thales Posted November 11, 2011 Report Posted November 11, 2011 Short Euro at 1.3685 with somewhat tight stop.
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