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  • #125,421
  • Jul 27, 2009 3:26am Jul 27, 2009 3:26am
Quoting 2+2=4ex
Not neccesarily true. Unicorns don't exist yet there is a word for it. I agree some things are easy, but words can be created to describe something that doesn't exist.
Good philosophical point. Reality is something and ideas about reality is something else. They don't have to match.
  • #125,422
  • Jul 27, 2009 3:26am Jul 27, 2009 3:26am
Quoting Clouds
Yes, like the word , 'nothing' cause it has to be something.
Two persons went to a judge, one demanding "nothing" from the other as they had mutually agreed that second person would pay nothing for work performed by the first person.

Judge heard them and then lifted the corner of his carpet and asked the first person "what do you see here?". First person replied "Nothing". Judge said "Pick it up and don't bother the other guy".
The Thief of Wall Street
  • #125,423
  • Jul 27, 2009 3:26am Jul 27, 2009 3:26am
Quoting Forbes55
we're going to 1.4150 in next 2 hours
that's it

very little time
  • #125,424
  • Jul 27, 2009 3:27am Jul 27, 2009 3:27am
Its worth noting though that this peek we've just established is divergently high from the last. This suggests another more serious attempt at 4300 in the works. I'd like to see more of a sell of first though. I'll be sure to cash in all my shorts on any kind of significant dip down.
  • #125,425
  • Jul 27, 2009 3:30am Jul 27, 2009 3:30am
Quoting stevefx
Its worth noting though that this peek we've just established is divergently high from the last. This suggests another more serious attempt at 4300 in the works. I'd like to see more of a sell of first though. I'll be sure to cash in all my shorts on any kind of significant dip down.
Yes it does. Looks like we might be going higher.
  • #125,426
  • Jul 27, 2009 3:31am Jul 27, 2009 3:31am
Somebody please help me overcome my unability to understand this chart.

The ECB money supply, according to this chart is growing at a much reduced annual rate.

How can this be if the bank is printing Euros like they were Simon and Schuster ?

The actual report just seems like the numbers are just, I dunno the word......uhhhhh, bullshit ?

http://www.ecb.int/press/pdf/md/md0906.pdf

M3 in this case, which measures, quote," Change in the total quantity of
domestic currency in circulation and deposited in banks" unquote.
Shouldn't the Money Supply be like +500% or something when all the "created" money
is taken into consideration, or does that not count ?
Attached Image (click to enlarge)
Click to Enlarge Name: m3.PNG Size: 66 KB
  • #125,427
  • Jul 27, 2009 3:35am Jul 27, 2009 3:35am
Quoting 2+2=4ex
Yes it does. Looks like we might be going higher.
I wouldn't make that assumption neccessarily. Its possible, but only the attempt looks likely to me, not the achieving. I'm definitely going to hold out for high sell entry points though next time around.
(I should say assuming we even sell off here, lol)
  • #125,428
  • Jul 27, 2009 3:43am Jul 27, 2009 3:43am
Quoting toshi
How can this be if the bank is printing Euros like they were Simon and Schuster ?
The ECB can't just print money! That's completely different to the FED.
  • #125,429
  • Jul 27, 2009 3:46am Jul 27, 2009 3:46am
one main thing i dont like about the current suituation from a shorter point of view is the amount of time spent in the 1.42ish area.

the longer it is, the less resolve the bears have to push to 1.38
  • #125,430
  • Jul 27, 2009 3:47am Jul 27, 2009 3:47am
hi all friends here.. I saw nice downtrend channel in 5min chart .. i took now SHORT @ 4244
SL 4257
TP Open
Never sell @ lower upward channel unless breacked and vise versa .
  • #125,431
  • Jul 27, 2009 3:54am Jul 27, 2009 3:54am
Quoting trading801
one main thing i dont like about the current suituation from a shorter point of view is the amount of time spent in the 1.42ish area.

the longer it is, the less resolve the bears have to push to 1.38
Its not just the amount of time, but the power of the overall bullish sentiment-bears have only shown their strength when we've hit sensitive areas, the other 85% of the time its all bulls. Its like watching a minute range and you see the trending force on one side and you just know its going that way. I really wish I had better info on the supposed options contracts protecting 4300.
  • #125,432
  • Jul 27, 2009 3:56am Jul 27, 2009 3:56am
Quoting toshi
The ECB money supply, according to this chart is growing at a much reduced annual rate.
Further, the breakdown of the EZ's M3 ( US prefers we don't talk about USA's M3 anymore)
shows about Nine and a half TRILLION Euros in circulation, compared with 7.7 trillion in 2006,
8.6 trillion in 2007 and this current number, the nearly same 9.4 trillion, at the end of 2008.

http://sdw.ecb.europa.eu/reports.do?node=100000278
(hope link works)

So, would they have us believe only about 20-30 billion euro's have been created
and put into circulation over the past six/seven months since the year began ?
This compares to over 700 billion euros added to the system in '08 and
almost a trillion euros (921 billion) added in '07.

And (practically) nothing for 2009 ?

What's going on ? Is it a nifty accounting trick ?
Attached File(s)
File Type: pdf desis.pdf   6 KB | 380 downloads
  • #125,433
  • Jul 27, 2009 4:11am Jul 27, 2009 4:11am
Quoting Forbes55
we're going to 1.4150 in next 2 hours
that's it

Hope your right sir, me own goal is 1,4020 from last weeks pivot points...
Position from last week as well... SL 1.4355... (from early june top)
  • #125,434
  • Jul 27, 2009 4:11am Jul 27, 2009 4:11am
new hour candle will decide.
  • #125,435
  • Jul 27, 2009 4:20am Jul 27, 2009 4:20am
5min channel breacked out Upword and give BUY signal .. i not take trade yet.

it may go 4300 after retest 4250
Never sell @ lower upward channel unless breacked and vise versa .
  • #125,436
  • Jul 27, 2009 4:21am Jul 27, 2009 4:21am
Quoting Xaron
The ECB can't just print money! That's completely different to the FED.

Well that's what I thought. And I don't mean print money like paper currency to
place into circulation, but created money fabricated thru the process of liquidity injections
and ECB open market operations. Doesn't any new money get counted in the M3 calculations ?
Or is it exempt from inclusion if the ECB withdraws or drains that liquidity back out
of the system before the reports are compiled ?


Compared to the US FED, I understand the model is supposed to be different.
But if they're cooking the books with some handy accounting method available,
how is that any different than what US does every banking business day of the year ?
  • #125,437
  • Jul 27, 2009 4:21am Jul 27, 2009 4:21am
Perhaps not going much before "New Home Sales" news today 6pm my time & next day same time "CB Consumer Confidence" and hope the diamond be intact.
Better do relax by this time.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #125,438
  • Jul 27, 2009 4:30am Jul 27, 2009 4:30am
Quoting fontu
.......and hope the diamond be intact.
Better do relax by this time.
fontu
Or hey, maybe still the triangle ? Rare, but not impossible. right ?

Not enough action to have all the touches complete yet.
Am still waiting.
Attached Image (click to enlarge)
Click to Enlarge Name: triangle_rare.PNG Size: 35 KB
  • #125,439
  • Jul 27, 2009 4:47am Jul 27, 2009 4:47am
We are clearly headed for .4300. Only question is how long will it take?
  • #125,440
  • Jul 27, 2009 4:50am Jul 27, 2009 4:50am
Quoting 2+2=4ex
We are clearly headed for .4300. Only question is how long will it take?
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