Crouching Tiger Posted October 2, 2003 Report Share Posted October 2, 2003 Here's chart of daily yen ... note price has pulled within top bollingers, but indicating pullback based on lower bands. Link to comment Share on other sites More sharing options...
Old Habits Posted October 2, 2003 Report Share Posted October 2, 2003 191.76 = 40 DMA, thats where I say adios on a closing basis. Gold getting hammered, tho it's still early. Link to comment Share on other sites More sharing options...
Old Habits Posted October 2, 2003 Report Share Posted October 2, 2003 Does it seem like KRY tends to act opposite of the general PM's, or is it my imagination? Link to comment Share on other sites More sharing options...
SevenOfEleven Posted October 2, 2003 Report Share Posted October 2, 2003 Charmin and 7, you must be vampires ..... up all nite! That's why these darn apples keep getting stuck in my teeth... Link to comment Share on other sites More sharing options...
wndysrf Posted October 2, 2003 Report Share Posted October 2, 2003 Watch the volumes carefully. If the volume stays light on this downside move, then it might pay to buy back in..... Rydex precious metals fund has been drained the last 4 days. Most gold sellers are already out. Link to comment Share on other sites More sharing options...
Butterfield 8 Posted October 2, 2003 Report Share Posted October 2, 2003 BOJ will try to push it 1.15, but look for 113.50ish . good buy level. I agree with Oyster - 1.00 minimum by '04. There is no one selling yen, except BOJ. Link to comment Share on other sites More sharing options...
Crouching Tiger Posted October 2, 2003 Report Share Posted October 2, 2003 Daily Yen chart - with multi bands - still lookiing in an upward trend and strong! Sideways ?????? Link to comment Share on other sites More sharing options...
SevenOfEleven Posted October 2, 2003 Report Share Posted October 2, 2003 POG Highs == Thick Blue Lines POG Lows == Thin Green Lines (only two shown for ref) Link to comment Share on other sites More sharing options...
anjing bau Posted October 2, 2003 Report Share Posted October 2, 2003 Well, it is in Paint shop pro - that is it's 76 degrees clockwise from 0 to your left - how about 3 minutes to midnight. It's drawn at 346 degrees clockwise in that deadchart. Maybe I should get my protractor and put it on the screen. No no no... what I'm talking about is periodicity and angles. Gann was big on the 1:1==45 degrees concept. Trouble is, where to base one unit of time's price equivilent to derive 45 degrees as interpreted so that it translates consistently with his (or anyone elses) theory of anglular importance. I don't want to drag a dead horse around. I know that, regardless of translatable angles, if a 'said' angle works for a 'said' purpose on a 'said' chart then you're soup and all's well. I'm just trying to figure out how people derive their angles. If you want to do a Gann fan (the proper way) then an accurate and translatable 45 degrees is important... etc.. etc.. Anyway, nothing to be concerned about and it doesn't stop me from charting according to what 'looks' right (often it works that if it looks like a horse, walks like a horse, etc., then it is a horse). Was just curious as to your take or if you'd found the grail or anything. I see others, such as Rich, for example, do fans and these same questions go through my head. Perhaps I'm seeking perfection where none exists. Have an apple *crunch!* speaketh 7 not sucinct 11... hahahahahaha Link to comment Share on other sites More sharing options...
Butterfield 8 Posted October 2, 2003 Report Share Posted October 2, 2003 If you are looking for a longer term (ie Everbank CD ) play - I recommend NZD. - trade balance about even, healthy, balanced economy (unlike ours), and Central bank does not have the spare cash to intervene. Also highest current interest rate of the AAA currencies. Similar rec for NOK, for similar reasons. Longer term, oil revenue will keep them healthy. Link to comment Share on other sites More sharing options...
Crouching Tiger Posted October 2, 2003 Report Share Posted October 2, 2003 Harry Schultz is pro Yen, Cdn., Aus., and Norway currencies. Link to comment Share on other sites More sharing options...
SevenOfEleven Posted October 2, 2003 Report Share Posted October 2, 2003 Same as my previous post but for the XAU. Link to comment Share on other sites More sharing options...
Butterfield 8 Posted October 2, 2003 Report Share Posted October 2, 2003 CT Assuming inflation, all commodity currencies will appreciate - more than European. In a "collapse" scenario, the reverse will be true. Depends on your outlook. Link to comment Share on other sites More sharing options...
Crouching Tiger Posted October 2, 2003 Report Share Posted October 2, 2003 XAU volumes up to yesterday. http://quote.bloomberg.com/apps/cbuilder?t...ticker1=XAU:IND Link to comment Share on other sites More sharing options...
Old Habits Posted October 2, 2003 Report Share Posted October 2, 2003 Nice to see silver stabilizing in the $5.10 area. AB, didn't you say something about $5.10-$5.30 before $5.80? Link to comment Share on other sites More sharing options...
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