DislikedAm not sure that i will have a good nights sleep now
Thanks a whole bunch.Ignored
Those who say it cannot be done should not interrupt those who are doing it
EurAnalysis Kindergarten 24 replies
DislikedAm not sure that i will have a good nights sleep now
Thanks a whole bunch.Ignored
DislikedThat's the case when you are not sure how far the pair is going, nobody ever knows that, otherwise everyone would be millionaire. I always do the same then realize if I just let my longs or shorts continue I would make lots of $$$$$$
I was long from 1.2815 and took profit @ 1.289 and said here it will reverseIgnored
DislikedI don't know what the real intention is or was but the published intention was to drive down interest rates so that consumers and corporates would be more likely to demand credit and spend.
If consumers are not demanding, the banks only have two options:
1. Place it on deposit at the central bank for peanuts
2. Purchase higher yielding instruments and make moneyIgnored
http://img-ak.verticalresponse.com/m...30.29%20PM.gif
French Impressions
October 1, 2012
http://imagesize.financialsense.com/...-6-percent.jpg
The low prints for Industrial Production and Personal Incomes brought the NBER composite coincident index down to a new 32-month low watermark:http://imagesize.financialsense.com/...0-sep-2012.jpg
Let’s examine the main culprits for this month’s decline starting with Personal Incomes. You will note we deploy a rather fast-moving short-term 3-month smoothed growth rate (which examines the behaviour of the last 7-month data in the formula) so this model captures trend changes very quickly (and is less susceptible to seasonal anomalies) as opposed to traditional 6-month smoothed and 12 month growth rates.http://imagesize.financialsense.com/...r-payments.jpg
The other culprit in August was Industrial Production. Again we deploy a 6-month smoothed growth rate as opposed to the traditional 12-month straight growth to allow for faster response to directional changes and less exposure to structural seasonal changes:http://imagesize.financialsense.com/...x-sep-2012.jpg
Given the NBER co-incident composite has been declining for 7 months and the leading data seems to have made an attempt to find some support since 2 months ago, we may find the co-incident data decline further for 1 or even 2 months before bottoming out, probably flirting very closely with the recession trigger in the process. Some co-incident data has already showed signs of bottoming, as shown by our “50-State Co-incident Indicator” update note.DislikedThanks for your thoughts PT. Thoughts about going low or high. It is 75 break or 1.2935 I am short as of now.Ignored
DislikedSlightly off topic... What is an underwear chart pattern? I wasn't sure if that was all a joke. I googled it and didn't find anything. I feel like I'm a clown interrupting a town hall meeting with this question. Sorry to bother you all, please talk amongst yourselves.Ignored