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Post by huh on Apr 12, 2014 9:12:17 GMT -5
Cartoons, donuts, yard work, wondering how Jack's procrastinating on taxes today, and oh yeah... I thought yesterday could possibly put in a pivot bottom. And even though things like XLF, FAS and BAC all hit the projected targets, and even held them into the close, it doesn't appear to have done that. What did I see that changed my mind so quickly? -Not enough of the downside targets I posted about were hit -S&P didn't hit it's minimum target around 1805 -The rise from the lows did so in a slow, parallel channel (aka 'flagging'). A pivot bottom would have been straight up. -And, Citigroup earnings... When I saw that C was reporting earnings Monday morning, I checked it's chart. And it's not looking good for earnings. So add C @ ~39.60 to that list of downside targets for a gap fill. But should get a really good bounce if/when it hits that area. As to where the S&P might bottom, it could be the 1800-1805 target. It could be the 200dma. Hard to say for sure, and why I'm watching all these other targets. But, what's really important is that everywhere I look I'm seeing heads of H&S patterns. The Bots are busy. I do still believe that the market will get a really good bounce after this pullback. And looking at the news reports this weekend, which basically are telling everyone to sell, sell, sell and wait a while before getting back in, has me convinced that retailers are being set-up to chase this market higher in the very near future. MM's need buyers in a topping pattern, and squeezing bears and getting those longs who ditched chasing again are surefire ways to do it. JMHO & Have a great weekend all
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Post by novie08 on Apr 12, 2014 9:22:37 GMT -5
TY huh. The worse an economy gets, the higher the currency rises. That is evidenced in the rise of the EURO which must be addressed by the EU or else! When Europe collapses (and we're getting close imo), international money will flee to the U.S. It remains to be seen whether it will invest in biotechs, more risky assets. But there we are for another runup until the dollar strengthens us into another major recession if not depression. Just my 2C.
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Post by maxi on Apr 12, 2014 9:28:45 GMT -5
I saw those articles as well Huh. Thanks for the write-up. Not to diminish your post, i found this list of robot movies: BOTS
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Post by maxi on Apr 12, 2014 10:16:18 GMT -5
TY huh. The worse an economy gets, the higher the currency rises. That is evidenced in the rise of the EURO which must be addressed by the EU or else! When Europe collapses (and we're getting close imo), international money will flee to the U.S. It remains to be seen whether it will invest in biotechs, more risky assets. But there we are for another runup until the dollar strengthens us into another major recession if not depression. Just my 2C. Novi, I have just looked thru 30-40 futures charts. 10 year weekly/ monthly and some even 20 year. I wish you had TOS so you could do the same. Money just does NOT move all that quickly. Traders trade the minutia, that is true. But it is very hard to say what is happening based just on perception of the short term. There has to be a HUGE event for money to move in the manner you imply. What that event is or will be will not be evident before it happens. In the big picture the EURO is pretty much right in the middle of it's range. Here are pics of most of the currency futures on TOS. More in next post stupid proboards seems to limit number of attachments in one post...
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Post by maxi on Apr 12, 2014 10:17:28 GMT -5
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Post by maxi on Apr 12, 2014 10:18:09 GMT -5
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Post by jacksrbtr on Apr 12, 2014 10:23:41 GMT -5
Hmmmm...now toying with the idea of watching all those bot movies instead of doing the taxes...lmao!!!
Focused on it yesterday - prolly 95% done...should've done them sooner looks like we're getting a modest refund. Had significant Medical Expenses last year totalling something like $16K thanks to that heart attack thingamabobber. All in all...it's still nice to be here, but considering the fact that we have one of the Cadillac health insurance policies out there (Blue Cross Blue Shield) which allows us to go to any damn quack we want to THATs a helluvalotta Medical OPEX.
....wonder if I should write off the gym: the quack did say "Exercise or die."
Bwahahahahaaaaa!
Have a great w/e Gang!!!
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Post by jacksrbtr on Apr 12, 2014 10:32:10 GMT -5
TY huh. The worse an economy gets, the higher the currency rises. That is evidenced in the rise of the EURO which must be addressed by the EU or else! When Europe collapses (and we're getting close imo), international money will flee to the U.S. It remains to be seen whether it will invest in biotechs, more risky assets. But there we are for another runup until the dollar strengthens us into another major recession if not depression. Just my 2C. Novi, I have just looked thru 30-40 futures charts. 10 year weekly/ monthly and some even 20 year. I wish you had TOS so you could do the same. Money just does NOT move all that quickly. Traders trade the minutia, that is true. But it is very hard to say what is happening based just on perception of the short term. There has to be a HUGE event for money to move in the manner you imply. What that event is or will be will not be evident before it happens. In the big picture the EURO is pretty much right in the middle of it's range. Here are pics of most of the currency futures on TOS. More in next post stupid proboards seems to limit number of attachments in one post... View AttachmentView AttachmentView AttachmentPrecisely Maxi and that's why we ALL need to think strategically like you. What indeed is the end game? And I hope you've all been saving your eggshells to pulverize and mix into the soil where you'll be growing your tomato plants (the calcium builds strong tomato plant bones you know.).
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Post by maxi on Apr 12, 2014 10:57:11 GMT -5
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Post by walnut on Apr 12, 2014 12:29:01 GMT -5
Its hard to eat a lot of fresh peaches because they pretty much ripen all at once, Assuming you have a few different varieties, you can extend the season a few weeks. The freestone types ripen latest, but taste the best.
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Post by senescent on Apr 12, 2014 12:53:23 GMT -5
Its hard to eat a lot of fresh peaches because they pretty much ripen all at once, Assuming you have a few different varieties, you can extend the season a few weeks. The freestone types ripen latest, but taste the best. Of course you could always donate some peaches to your peachless neighbors!
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Post by jacksrbtr on Apr 12, 2014 13:20:15 GMT -5
Its hard to eat a lot of fresh peaches because they pretty much ripen all at once, Assuming you have a few different varieties, you can extend the season a few weeks. The freestone types ripen latest, but taste the best. Of course you could always donate some peaches to your peachless neighbors! Best peaches I ever knew came out of Georgia - I dunno what they got in the soil and water down there but a lot of the women down there are dropdead gorgeous.
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Post by maxi on Apr 12, 2014 13:25:52 GMT -5
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Post by novie08 on Apr 12, 2014 20:10:38 GMT -5
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Post by clinton on Apr 12, 2014 23:11:38 GMT -5
working on my wifes truck while drinking beer and no landlord to bitch about it.
ya today was a good day in the hood
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Post by jacksrbtr on Apr 13, 2014 7:52:20 GMT -5
Note that although the date of the rag is April 13th today, the date on the India article is about 4yrs old....has that played out since then I dunno......do you? Insert Tennessee Williams "16 Tons" song here man I loved his voice.
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Post by maxi on Apr 13, 2014 10:17:28 GMT -5
20 year monthly Dollar Index
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Post by maxi on Apr 13, 2014 10:21:21 GMT -5
same time period for Gold/ Silver Index Also seems to be referred to as Gold/ USD spot
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Post by maxi on Apr 13, 2014 10:28:24 GMT -5
Spot Gold since 1975
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Post by jacksrbtr on Apr 13, 2014 11:18:05 GMT -5
Thanks Maxi
It's been quite clear to me that if the goldmine ever rockets up I'll be a $Millionaire, but it won't be worth shit....bwahahahahaaaa!
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