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Bears take em out big red for the day and the week


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#136 K Wave Rider

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Posted 01 November 2009 - 07:03 PM

EUR/JPY and AUD back to opening levels...

#137 K Wave Rider

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Posted 01 November 2009 - 08:08 PM

anyone seen this before?
http://fxtrade.oanda...s_summary.shtml
Open Orders Summary

This graph gives a snapshot of the trigger points for the open orders on OANDA's books (including limit orders, and Stop/Loss or Take/Profit orders on trades). The graph could be used as an indicator of client price expectations contributing to natural resistance and support levels. There's a graph for each major currency pair (click on a pair's button to go to its graph).


Interesting...will watch that to see if any clues start to show up.

Here is another one from the site... this chart may prove useful...

http://fxtrade.oanda...on_ratios.shtml

Right now, EUR/CHF currently with 80% longs as EUR/CHF sits at cliff edge on daily and 4 hour charts....

All those longs gonna be right, or is last support gonna give way here??





#138 Jimi

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Posted 01 November 2009 - 08:20 PM

This weekends deep thought from Jim Sinclair :

Deflationary.
Sure glad all my albums went GOLD.
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian

#139 Jimi

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Posted 01 November 2009 - 08:32 PM

Saudis drop WTI oil contract
Saudi Arabia yesterday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange.

The decision by the world's biggest oil exporter could encourage other producers to abandon the benchmark and threatens the dominance of the world's most heavily traded oil futures contract. It is the main contract traded on Nymex.
http://www.ft.com/cm...;nclick_check=1


Turkey to use national currencies in trade with Iran, China
ANKARA, October 28 (RIA Novosti) - Turkey is switching to national currencies in trade with Iran and China, ending dependence on the U.S. dollar and the euro for about 20% of its commodity turnover, local media reported on Wednesday.
Turkey has already switched to settlements in national currencies with Russia amid weakening confidence in the greenback as the world's major reserve currency. The move was initiated by Turkish President Abdullah Gul during his visit to Moscow in February.
Turkey's decision to make settlements with Iran and China in national currencies was announced during a visit to Iran by Turkish Prime Minister Recep Tayyip Erdogan. The Turkish premier told a Turkish-Iranian business forum on Tuesday that the countries had prepared a legal framework for transition to settlements in national currencies.
"We have adopted a necessary legislative act and are prepared for the transition," the Turkish newspaper Milliyet quoted Erdogan as saying.
According to the paper, Turkey's trade with Russia, Iran and China exceeds $65 billion a year. Russia is Turkey's largest trade partner, with $37.8 billion commodity turnover registered last year.
Russian Prime Minister Vladimir Putin said on October 14 that Russia was ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings.
"We are ready to examine the possibility of selling energy resources for rubles, but our Chinese partners need rubles for that. We are also ready to sell for yuans," Putin said.
Britain's Independent newspaper reported in early October that Russian officials had held "secret meetings" with Arab states, China and France on ending the use of the U.S. dollar in international oil trade.
The countries are reportedly seeking to switch from the dollar to a basket of currencies including the euro, Japanese yen, Chinese yuan, gold, and a new unified currency of leading Arab oil producing countries.
The Independent said the meetings have been confirmed by Chinese and Arab banking sources, although Russian officials said they had no knowledge of the talks.
http://en.rian.ru/bu.../156617011.html

Dollar bottom.
Sure glad all my albums went GOLD.
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian

#140 K Wave Rider

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Posted 01 November 2009 - 08:54 PM

Look at that to the pip tag on the Hourly 900 on AUD...sometimes this gets a little too wierd.... :lol:


Made a few bucks here tonight on a random gamble....

#141 K Wave Rider

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Posted 01 November 2009 - 08:55 PM

Spoos moving up to friday's swing high area....now we see if they can push thru....

#142 Pretzel Logic

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Posted 01 November 2009 - 09:31 PM

Pretz, welcome back. :D

Welcome home Pretz!


Thanks guys. We'll see if my return is timed perfectly to a meaningful high (hopefully it is, at least for my net worth's sake!). I'm about 90% on board w/ the bears here... still holding out final judgment based on the Dow's inconclusive pattern (yeah, I know about the Dow, Doc. That's why I trade ES instead of YM... but I still have to respect the current non-confirmation). But it's starting to look very promising for bears going forward.

Also, fwiw, I'm looking for a short-term bounce coming fairly soon (maybe a hair more downside first?) and taking us back toward SPX 1070ish.
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

#143 kiwibear

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Posted 01 November 2009 - 09:44 PM

Just reading another article in NY Times (about Citigroup). Even as a non US taxpayer and from a distance of 12,000 or so miles away, whenever I see the name Tim Geithner in print (invariably it seems associated with some bailout or deal to enrich the banksters), I am filled with a murderous rage. The same goes for Greenspan, Paulson and several others, but Geithner's name seems to appear more than most.

I am a very mild mannered person by nature, and tend to think that the philosophy of Bill and Ted's Excellent Adventure - that is "be excellent to each other" is pretty much spot on. I live by this basic creed and expect others to do so, when they don't I get very pissed off.

The money men are so hideously, venally corrupt and evil, I truly do feel muderous towards them.

Here in little ol' New Zealand (where our most virulent right wingers wold still be regarded as left of centre in US) it seems incomprehensible to me that in the land where gun ownership is so championed that not a single person has been sufficiently enraged by the whole meltdown and the appalling natural injustice of it all that they haven't taken the very modern equivalent of a pitchfork to the perpetrators and killed at least one of them.


Maybe I'm just a whackjob........

But I don't feel like one.

#144 K Wave Rider

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Posted 01 November 2009 - 10:29 PM

Back Kissing the break overnight...what's it gonna be gang?

#145 Jimi

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Posted 01 November 2009 - 10:30 PM

Just reading another article in NY Times (about Citigroup). Even as a non US taxpayer and from a distance of 12,000 or so miles away, whenever I see the name Tim Geithner in print (invariably it seems associated with some bailout or deal to enrich the banksters), I am filled with a murderous rage. The same goes for Greenspan, Paulson and several others, but Geithner's name seems to appear more than most.

I am a very mild mannered person by nature, and tend to think that the philosophy of Bill and Ted's Excellent Adventure - that is "be excellent to each other" is pretty much spot on. I live by this basic creed and expect others to do so, when they don't I get very pissed off.

The money men are so hideously, venally corrupt and evil, I truly do feel muderous towards them.

Here in little ol' New Zealand (where our most virulent right wingers wold still be regarded as left of centre in US) it seems incomprehensible to me that in the land where gun ownership is so championed that not a single person has been sufficiently enraged by the whole meltdown and the appalling natural injustice of it all that they haven't taken the very modern equivalent of a pitchfork to the perpetrators and killed at least one of them.


Maybe I'm just a whackjob........

But I don't feel like one.

You're not a whackjob.
You're not alone.
With the 1-year retrospective articles sprouting recently like worthless weeds, I pretty much had to swear off reading about them. Because it makes me so angry.
Sure glad all my albums went GOLD.
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian

#146 Jimbo

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Posted 01 November 2009 - 10:37 PM

LOCKING IN THE XMAS BONUS

Fall street is cashing in its chips

Its been on a roll since march.

Why let any of the massive gains evaporate into xmas???? :ninja: .

The massive bonus is already in the bag - curtesy of the government.

Time for a nice long 3 month holiday - somewhere foreign - away from the pitch fork bearing massess.

Little Timmy and the helicopter man can deal with them.

After all thats what their paid to do.

Normally I would say Xmas rally - which would happen in a normal bull market.

Buts its different now - the system is still unstable.

Still too many bad debts in the system

Govt has swept it all under the rug with massive fical and monetary stimulus.



Re one year on articles -

Exercise in fall street self justification - "we saved the world" et al et al et al.

Pity they didnt save the world by printing any WARNING articles in 2006 or 2007 on the manifest market abuses???

Where were they????? - plenty of warnings in this board though!!!
timoleon

#147 Charmin

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Posted 01 November 2009 - 10:38 PM

The 50 bar ma bounce sell is just getting started for the Nikkie
http://www.StockShar..._1257129423.png
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#148 snorkels4

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Posted 01 November 2009 - 10:55 PM

Just reading another article in NY Times (about Citigroup). Even as a non US taxpayer and from a distance of 12,000 or so miles away, whenever I see the name Tim Geithner in print (invariably it seems associated with some bailout or deal to enrich the banksters), I am filled with a murderous rage. The same goes for Greenspan, Paulson and several others, but Geithner's name seems to appear more than most.

I am a very mild mannered person by nature, and tend to think that the philosophy of Bill and Ted's Excellent Adventure - that is "be excellent to each other" is pretty much spot on. I live by this basic creed and expect others to do so, when they don't I get very pissed off.

The money men are so hideously, venally corrupt and evil, I truly do feel muderous towards them.

Here in little ol' New Zealand (where our most virulent right wingers wold still be regarded as left of centre in US) it seems incomprehensible to me that in the land where gun ownership is so championed that not a single person has been sufficiently enraged by the whole meltdown and the appalling natural injustice of it all that they haven't taken the very modern equivalent of a pitchfork to the perpetrators and killed at least one of them.


Maybe I'm just a whackjob........

But I don't feel like one.

prechter would say the social mood is changing. i picked this up from a friend via a circulating email

http://www.lufkindai...Huntington.html

#149 DrStool

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Posted 01 November 2009 - 10:57 PM

Did you say massive fecal and monetary stimulus?

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#150 ChicagoBear

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Posted 01 November 2009 - 10:59 PM

The 50 bar ma bounce sell is just getting started for the Nikkie
http://www.StockShar..._1257129423.png


That looks encouraging!

BTW - head and shoulders on my chart is interesting also. Either way, it looks like we have farther to fall.

Looking around the globe and all I see is red so far. China and Australia are getting roughed-up too. Might need to stay up tonight and grab a nap in the wee-hours. Sometimes, usually rare, you can follow the trail of blood around the globe and the US opens and goes straight down the tubes. It usually takes a pretty bad catalyst, like the CIT bankruptcy news. This could get interesting. I follow the action here (but would appreciate any other links people might have):

http://www.marketwat.../intindices.asp
If we don't change our direction, we're likely to end up where we are headed.
It wasn't raining when Noah built the Ark.
"and the vicious cycle will feed on itself in an orgy of cannibalistic self destruction until even the skeletal remains of the system are ground into powder." - Doc, 3/2/09





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