DislikedI might be getting a diamond formation from crossing channels.
Well I definetly have a "hold" area for that descending channel.
I see two possible out comes in a near future.
1. It indeed is a diamond it could reverse at soonest.
2. keep going doing until it bumps that LTL.
Cheers to all and happy trading.Ignored
- #13,622
- Jul 8, 2008 6:07pm Jul 8, 2008 6:07pm
- Joined Apr 2008 | Status: Controlled Trading. | 1,161 Posts
yes, what i see too
Well, I just added another but it shall have the same outcome.
Possible flag.
Cheers.
- #13,623
- Jul 8, 2008 6:08pm Jul 8, 2008 6:08pm
- | Joined Dec 2007 | Status: Trader | 2,797 Posts
crude oil fell 10$ like i said it would, o0ps i meant from it's high 144, to 134
Can we get $20 more???http://business.smh.com.au/oil-slide...0709-3c5j.html
FTA
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Crude oil for August delivery fell $US5.42, or 3.8%, to $US135.95 a barrel on the New York Mercantile Exchange. Futures are heading for the biggest drop since March 19. Prices are up 87% from a year ago.
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Oil also fell as negotiations continued between Iran and western governments over the country's nuclear program. President Mahmoud Ahmadinejad dismissed the possibility of a war with the US and Israel over his country's nuclear work, saying Iran is trying to avoid conflict.
''We're making the utmost effort for providing peace and security at the world level,'' the Iranian president told reporters in Kuala Lumpur, where he is attending a summit of the Eight Islamic Developing Countries. ''Don't worry, there won't be any war in the future. Mainly they are focusing on some sort of propaganda or psychological war.''
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Now let me see... that translates into how much at the pump??
http://www.gasbuddy.com/gb_gastemperaturemap.aspx
http://www.gasbuddy.com/GB_Price_List.aspx
Nada...
- #13,624
- Jul 8, 2008 6:20pm Jul 8, 2008 6:20pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
a bias triangle. 
- #13,627
- Edited 6:39pm Jul 8, 2008 6:28pm | Edited 6:39pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
What time frame is your chart Clouds?
do you honestly think we are headed to a new high????
please
explain the thinking behind this
this I want to hear
Second: In economic terms, the countries use as a major competitive strategy the fact devalue its currency to position itself as a net exporter country.
Third: Monetary policy being carried out by Bernanke leaves much to be desired in terms of responsibility because they have to print dollars so uncontrolled for so shovelling the lack of liquidity in the financial system. Oversupply of dollars.
All this affects only one thing: Devaluation of the dollar.
Technicaly and fundamentaly things are predeterminated.
First: In economic terms the prices of the currencies are not determined according to the differentials in interest rates, as many people think, but rather according to the neoclassical macroeconomics, particularly as regards Purshasing Power Parity, opportunities for arbitration are eliminated in the short term.
Second: In economic terms, the countries use as a major competitive strategy the fact devalue its currency to position itself as a net exporter country.
Third: Monetary policy being carried out by Bernanke leaves much to be desired in terms of responsibility because they have to print dollars so uncontrolled for so shovelling the lack of liquidity in the financial system. Oversupply of dollars.
All this affects only one thing: Devaluation of the dollar.
Technicaly and fundamentaly things are predeterminated.
- #13,630
- Jul 8, 2008 7:28pm Jul 8, 2008 7:28pm
- | Joined Dec 2007 | Status: Trader | 2,797 Posts
First: In economic terms the prices of the currencies are not determined according to the differentials in interest rates, as many people think, but rather according to the neoclassical macroeconomics, particularly as regards Purshasing Power Parity, opportunities for arbitration are eliminated in the short term.
Second: In economic terms, the countries use as a major competitive strategy the fact devalue its currency to position itself as a net exporter country.
Third: Monetary policy being carried out by Bernanke leaves much to be desired in terms of responsibility because they have to print dollars so uncontrolled for so shovelling the lack of liquidity in the financial system. Oversupply of dollars.
All this affects only one thing: Devaluation of the dollar.
Technicaly and fundamentaly things are predeterminated.
Not this needs any proof, see link below.
China's Economy Is on Track to Surpass the U.S. by 2035
http://www.usnews.com/articles/news/...s-by-2035.html
FTA
~~~~~~~~~
A new study assesses both commercial and potential military implications
Posted July 8, 2008
As if the U.S. economic slump, the housing crisis, surging oil and food prices, and a general sense that things are not going all that well weren't enough, a new study forecasts that China will become the "pre-eminent world commercial influence" by 2035, when it surpasses the U.S. economy. The study released today is by Albert Keidel, who specializes in China economic issues at the Carnegie Endowment for International Peace. It is clear that China's economic juggernaut will have far-reaching implications for economic, diplomatic, and military matters in coming years—the subject of Keidel's study titled "China's Economic Rise—Fact and Fiction."
~~~~~~~~~
- #13,635
- Jul 8, 2008 9:02pm Jul 8, 2008 9:02pm
- | Joined Dec 2007 | Status: Trader | 2,797 Posts
yes it could reach new highs, but also i would not be least bit surprised to see that year-TL broken. UJ TL broke, and i wouldn't be surprised of the 1.53 -1.59 range for the next 6 months. Meanwhile, I'm long, heh.
Also long.
- #13,636
- Jul 8, 2008 9:08pm Jul 8, 2008 9:08pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
I think it will breakout before 6 months.
Also long.
