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#376 Pretzel Logic

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Posted 16 February 2009 - 06:11 PM

Looks to me like ES successfully backtested the head and shoulders pattern. Could be off to the races tomorrow. A nice 20+ point gap-down might panic some longs.

es_backtest_hs_2.16.gif
In honor of the times, back to the 2008 signature:

"When Black Friday comes, I'll stand down by the door,
And catch the grey men when they dive from the fourteenth floor,
When Black Friday comes, I'll collect everything I'm owed,
And before my friends find out I'll be on the road,
When Black Friday falls
you know it's got to be...
Don't let it fall on me." - Steely Dan, Black Friday

#377 DrStool

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Posted 16 February 2009 - 06:15 PM

Thanks Doc, Foxit works like a charm and your cycles on Gold are excellent and thorough as expected.

We have much to be grateful for. Just imagine had Greenspan and his freakish bride spawned
an alien offspring, how much uglier and more in danger the world would be.

Geithner just looks like the kid in the middle of 5th grade English who farts and then blames it on the poor black girl sitting behind him. She gets both the smoke and the mirrors.

best,buddha


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#378 capitall

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Posted 16 February 2009 - 06:18 PM

he usually looks scared, which might be a good sign

Paulson, Bernanke, Rubin, Greenspan, rarely look scared, and they're all filthy rotten dirtbags, IMHO


I agree. I would much rather have a government official who looks scared during an economic crisis,
than have one who looks perfectly smug and comfortable during it-- as though the crisis is the sweet
excuse for him and his buddies to loot the American public to even greater extremes than before.

#379 capitall

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Posted 16 February 2009 - 06:41 PM

BTW, folks, the markets outside the U.S. are open today, so we have had a Monday IDS board running
simultaneously with this one for 20 hours or so now. Some good charts over there now.

#380 Jorma

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Posted 16 February 2009 - 07:06 PM

So what's the news today? Japan and Eastern Europe hurtling towards depression. Summers and Tim G take charge of the auto situation. Like they have plenty of time on their hands. Oh yea, It's scam week. So what do you think. Rally time? Hell why not? Why should the worst economic news in 80 years get everyone all down in their dobbers? Whatever the hell dobber are, I just heard if from the coach way back when.

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The Treasury

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#381 cwd

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Posted 16 February 2009 - 07:38 PM

I guess one way to solve the social service give aways is to go back to only the landowners get a vote. Seems they're the ones that are paying the taxes, or us I should say.



I never ceased to be amazed to see how smart those old white guys that established this country were. :rolleyes:

#382 quanta

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Posted 16 February 2009 - 07:40 PM

Frontline - Inside the Meltdown

Tuesday, Feb 17, don't miss it...

FRONTLINE investigates the causes of the worst economic crisis in 70 years and how the government responded. The film chronicles the inside stories of the Bear Stearns deal, Lehman Brothersí collapse, the propping up of insurance giant AIG, and the $700 billion bailout. Inside the Meltdown examines what Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke didnít see, couldnít stop and havenít been able to fix.
Don't look too close...
The current Weatha
In mathematics you don't understand things. You just get used to them. Johann von Neumann
We're all frinkin' doomed The Mogambo Guru
In the long run, we're all dead John Maynard Keynes
If voting changed anything, they'd make it illegal Emma Goldman
Time flies like an arrow; fruit flies like a banana G. Marx

#383 cwd

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Posted 16 February 2009 - 08:13 PM

You mean I can't plug a rabbit with my 50 cal. sniper rifle at 40mph.

Meanwhile, the euro is consolidating and getting ready for breakout!



Which direction? :unsure:

#384 psyche doctor

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Posted 16 February 2009 - 08:36 PM

Which direction? :unsure:

Refer to post 37 in Monday's IDS. Not sure at this point on the direction but the most logical conclusion would be down. It could be a tri trap, though, meaning that it breaks to the downside then reverses faking everybody out.
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#385 DrStool

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Posted 16 February 2009 - 08:53 PM

I never ceased to be amazed to see how smart those old white guys that established this country were. :rolleyes:


You guys are going to piss off a lot of your fellow stoolies with that stuff.

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#386 psyche doctor

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Posted 16 February 2009 - 09:09 PM

Euro just got trashed, just tested 1.2705 and trying to recover.
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#387 psyche doctor

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Posted 16 February 2009 - 09:13 PM

Euro just got trashed, just tested 1.2705 and trying to recover.


critical support 1.2705 just gave way
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#388 summoner

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Posted 16 February 2009 - 09:26 PM

EURO gettin trashed 50 pips in about 1 minute....oooooo my
" I' ve got a left handed hook and a right handed hook, the pros are gonna love me, I'm amphibious"

Charles Shackelford
NC STATE UNIVERSITY

#389 psyche doctor

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Posted 16 February 2009 - 09:30 PM

ETRI.jpg


EURO BREAKDOWN?
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#390 K Wave Rider

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Posted 16 February 2009 - 09:32 PM

EURO BREAKDOWN?

More importantly, EUR/JPY trying to roll it back over....





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