DireXiv
Make it happen, no one
else is going to do it for you...
- #43,047
- Nov 3, 2008 8:49am Nov 3, 2008 8:49am
No misunderstandings....I just have chosen not to use them myself for now. I am starting with the cloud.
- #43,052
- Nov 3, 2008 9:07am Nov 3, 2008 9:07am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #43,055
- Nov 3, 2008 9:23am Nov 3, 2008 9:23am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
Funnymentals getting funnier all the time. From that Bloomberg story:
``A recession in 2009 seems now unavoidable,'' said Jacques Cailloux, chief euro-area economist at Royal Bank of Scotland Plc in London. ``Today's new GDP forecast of 0.1 percent for 2009 by the European Commission still looks too optimistic to us.''
Economists at BNP Paribas and Citigroup Inc. also said the EU remains overly optimistic, with both predicting the euro area will shrink next year. The EU partly acknowledged this, saying its forecasts are subject to ``considerable uncertainty and downside risks.''
``A recession in 2009 seems now unavoidable,'' said Jacques Cailloux, chief euro-area economist at Royal Bank of Scotland Plc in London. ``Today's new GDP forecast of 0.1 percent for 2009 by the European Commission still looks too optimistic to us.''
Economists at BNP Paribas and Citigroup Inc. also said the EU remains overly optimistic, with both predicting the euro area will shrink next year. The EU partly acknowledged this, saying its forecasts are subject to ``considerable uncertainty and downside risks.''
- #43,057
- Nov 3, 2008 9:49am Nov 3, 2008 9:49am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
Tradewell - The \"cloud\" is all I use as well. All those other squiggly lines just confuse the hell out of me. Along the lines of \"KISS\", I find the very simple rules for the \"cloud\" to be very good. Below the cloud = shorts; Above the cloud = long; Within the cloud = indecision/consolidation which in and of itself = patience. Can't get much simpler than that. Of course there are nuances, but in general, I find these rules to work out fairly well most of the time.
