And back to charts etc..
Pounder follow up from IDS yesterdee.. -> 1.6286 target blow through.

Me rykee current TA model. Mostly

![]() Thank God it's Friday
Started by mdporter, Aug 28 2009 04:38 PM
150 replies to this topic
#32
Posted 29 August 2009 - 05:54 AM Might have to wait for new inflows ![]()
PARTY! NORTH KOREA! SATURDAY NIGHT! BYOF (bring your own food)
#33
Posted 29 August 2009 - 05:58 AM Did the red and green lines mean absolutely nothing? ![]()
PARTY! NORTH KOREA! SATURDAY NIGHT! BYOF (bring your own food)
#34
Posted 29 August 2009 - 09:08 AM
Lookin at them thar emergin markets. MSEMF is the underlying for EDZ (Sud's plaything, now mine too).
Daily looks toppy, but it appears to be working it off going sideways, riding the pasta. ![]() Weekly view. Rejected at tunnel, cleared it, rejected at 200MA, now gotta decide. ![]() The rising weekly 200MA at 878 is the last overhead bit of the weekly pasta ribbon (not shown). The 50% retrace of the entire bear is just above that at 896. A weekly close above that that isn't a finger/throwover could be horribly bullish. If you tilt your head the right way, all the movement since the Oct 08 bottom looks like a giant ascending wedge, with a couple unfilled gaps (one still open from the 08 crash). ![]()
Quod Severis Metes
Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the Matrix. You are the eventuality of an internal anomaly, which despite my sincerest efforts, I have been unable to eliminate from what is otherwise a harmony of mathematical precision. While it remains a burden assiduously avoided, it is not unexpected, and thus not beyond a measure of control. Which has led you, inexorably, here. You haven't answered my question. Quite right. Interesting. That was quicker than the others.
#35
Posted 29 August 2009 - 10:46 AM don't know if the gaps get filled but emerging markets are going to follow the US which i think is in for a good correction, perhaps more before the year is out...i'm leaning pretty heavily short here and gots me some of that EDZ
#36
Posted 29 August 2009 - 11:12 AM
A bubble can be resurrected, but the have-nots cannot: "We're told from various sources that there are 70 million Baby Boomers. Some say 75 million. Experts tell us this: between one third and one half of them will 'retire' with a net worth of: zero. Experts also tell us within ten years Americans on the bottom 50% of the US economic ladder won't be able to afford any sort of health care at all. At all. So: we either nationalize health care, and dole it out sparingly, or we will find that 50% of the population as have-nots is more than enough people and more than enough social unrest to bring down a country." Market Witch The next ten years looks like this: $9,000,000,000,000
Cycles + Wyckoff + NTM = TechnoPile
A true Master averts disaster
#38
Posted 29 August 2009 - 11:20 AM
But those 50% are home watching TV, or out unsuccessfully looking for a job, while a tiny number of loud folks claiming to represent the public are being focused on and made famous by the media. So we will see what will happen.
#39
Posted 29 August 2009 - 11:51 AM
Now that the health care is an industry accounting for 17% of GDP and is attracting ever more capital and of course being capitalized making some very wealthy I would term it a bubble. However the current legislation plays out will not determine if the bubble pops. The range of possibilities of that legislation are pretty broad but might be summarized by how much more rent seeking by capital will result, a little or a lot.
The battle over the legislation is being played out so far above the heads of the partisans they may as well be on another planet. Far more poeple could get better care currently for half the GDP amount easily, as a practical manner, but there wouldn't be much profit in it. So as a practical matter it won't be. If the industry cannot be a bubble then it will just collapse. War is the last great hope of the incompetent to order the unwilling to attempt the impossible.
The Treasury could burn down We jammin still Full Extreme Ultimate Rejects
#40
Posted 29 August 2009 - 12:07 PM
Just read Taibbi's latest in RS on health care & legislative sausage-making (sorry no link, read the print version).
It's as good as the Goldman piece, and, impossible as it seems, even more appalling.
Quod Severis Metes
Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the Matrix. You are the eventuality of an internal anomaly, which despite my sincerest efforts, I have been unable to eliminate from what is otherwise a harmony of mathematical precision. While it remains a burden assiduously avoided, it is not unexpected, and thus not beyond a measure of control. Which has led you, inexorably, here. You haven't answered my question. Quite right. Interesting. That was quicker than the others.
#41
Posted 29 August 2009 - 12:07 PM
If by partisans you mean political parties you are right. The simple reality of how laws are made in the U.S. is that they are written by the highest bidder. Until and unless we have campaign finance reform-- such that the taxpayer finances Congressional campaigns-- it goes as follows. The special interest groups legally bribe Congress members of both parties by paying for their campaigns. In return for the legal bribe of campaign financing money, the Congress people invite the lobbyists of the highest bidding special interest groups to literally writes the legislation in their area of influence. So legislation that is supposed to be regulating that industry and protecting the consumer, ends up doing the opposite. Instead of helping, the legislation assists the industry in raping the consumer and taxpayer-- much as we have seen with Wall Street and the banks recently. (That is the most outrageous case, making it clear that even bankrupt banks can use this process to their benefit-- bribing Congress with borrowed money, while the banks themselves have only the appearance of being solvent, due to phony bookkeeping allowed by the laws their lobbyists wrote. An outrageous scam really.) It has been this way for a long time. There is really only one party. The Special Interest Group Legally Bribing Congress party.
#44
Posted 29 August 2009 - 12:20 PM touche and lets put some term-limits on those congress critters...two 6 year terms for a senator and five 2 years terms for a rep maximum...it can happen right?
#45
Posted 29 August 2009 - 01:19 PM
jickiss is back!
jickiss is back! and Hey, Doc: wonder why Trump has not been active in the Newspaper business...????? Philly Paper s Deal Chapter 11 and other fun games.... http://finance.yahoo...-...ml?x=0&.v=6
"Every Bubble ends in fear and panic. This one will too." --Machinehead, March 29, 2005
On September 06, 2006, TRE closed at $6.50. On September 19, 2006, CDE closed at $46.30 (adjusted for reverse split). On Oct. 17, '06, Goldman (GS) closed at $183.07 (jickiss Sell) whilst Newmont (NEM) closed at $43.24 (jickiss Buy). "Politics in America has become a playground of fictions. The politicians tell the public what the public wants to hear. Whether the question is social security, education, budget deficits or national security, the public wants to believe that things aren�t so bad." --Written by J.R. Nyquist, December 8, 2006. "Private sector employees will never retire, they will work literally to death, dying sick broke and busted with absolutely no hope whatsoever." -- Shorty, on March 15, 2009. "Luck is the most precious commodity in the world." Brisbane Bear, October 25, 2007. "Luck favors the prepared mind." Mr. James Dines, back in the 80s, in "The Dines Letter." "With Luck, anything is Possible, but without Luck, virtually nothing Good ever happens." --- The jickiss Mantra, sad but True. |
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